The WWD Global Stock Tracker closed today down 0.25 percent to 114.11 as investors took profits and continued to weigh options across all market sectors following record-setting gains in the Dow Jones Industrial Average and other major indices in February. Despite the decline, the WWD Global Stock Tracker is up 5.8 percent since the beginning of the year. At today’s bell, the S&P 500 slid 0.44 percent to 2098.53 while the Dow Jones Industrial Average slipped 0.58 percent to 18,096.9. Analysts noted there was some profit taking today, which can be expected after record-high gains. In London, the FTSE 100 also showed a profit-taking decline of 0.7 percent to close at 6,889.13. In the U.S., key economic indicators such as consumer savings, disposable income and job growth point to improved economic conditions. Earlier today, ADP released its National Employment Report, which showed the addition of 212,000 private sector jobs. Federal employment data is scheduled to be released on Friday. In the U.S retail sector, stocks were buoyed by American Eagle Outfitters Inc., which finished the day up 7.7 percent to $15.96 after posting strong quarterly results. Tugging down on the sector was Abercrombie & Fitch Co., which delivered sagging sales today. It’s stock closed
Read More...
Follow WWD on Twitter or become a fan on Facebook.
No comments:
Post a Comment