US stocks closed lower on Thursday as investors digested third quarter earnings reports as well as latest economic data.
The Standard & Poor's 500 index gave up 4.31 points, or 0.2 percent, to 2,550.93. Technology was lower with the S&P 500 technology sector down 0.25%. The focus will now shift to JPMorgan Chase and Citigroup, which report results on Thursday, with analysts warning that bank results will largely be held back by a lack of volatility, compared with a year earlier.
Rite Aid Corporation (NYSE:RAD) Moving Aggressively - Down $0.10
BT Investment Management Ltd acquired a new stake in Rite Aid Corporation in the second quarter valued at approximately $211,000. The company reported the earnings of $-0.01/Share in the last quarter where the estimated EPS by analysts was $-0.01/share.
The Dow Jones Industrial Average climbed 30.71 (+0.13 percent) to finish at 22,871.72. The stock traded 0.2 percent higher as of 9:12 a.m.in NY. The S&P 600 Small-Cap Index closed at 909.43 for a loss of 1.11 points or 0.12%. Retail sales, meanwhile, gained 1.6 percent, while analysts polled by Reuters expected a gain of 1.7 percent.
Bank of America (BAC.N), the second-biggest US bank by assets, rose 1.5 percent after the lender's profit topped estimates due to higher interest rates and a drop in costs. Its earnings per diluted share in the third quarter reached 1.42 dollars while the revenues stood at 18.2 billion dollars. The VIX Volatility Index was higher at 9.93 for a gain of 0.08 points or 0.81%.
Pranab Mukherjee was better qualified than me to become PM: Manmohan Singh
Various other leading Congress leaders including Sonia Gandhi and Rahul Gandhi were present at the event, reported ANI. He said Pranab Mukherjee knew that neither he ( Manmohan Singh ) had the choice or any part in the decision.
The Dow is up 3,078.41 points, or 15.6 percent.
"Armenpress" reports the value of Dow Jones up by 0.18% to 22872.89 points, S&P 500 up by 0.18% to 2555.24 points, Nasdaq up by 0.25% to 6603.55 points.
Are Traders Shorting China Biologic Products Holdings, Inc. (NASDAQ:CBPO) Shares?
They hope that the stock price will fall or that the company will fail and go bankrupt, leading the equity holders to ruin. The company's shares were given away at $100.78 per share worth to an income of some $2,015,600 on account of Shao Sean.
Treasury yields fell on the news, with the benchmark 10-year yield trading at 2.28 percent.