Investors Still Cautious Following Three-Day Winning Streak – Acadiana Business Index

Markets ended the session with mixed results. Mike Hunter has your stock market report on the Acadiana Business Index.

• The Dow Jones Industrial Average added 7 points to close at 13,176, the S&P 500 gained less than a point, bringing the index to 1402, and the NASDAQ gave up 5 points to end at 3011.
• Stocks struggled to find direction in today’s session as investors exercised caution following an impressive three-day winning streak.
• Six of the 10 sectors on the S&P finished higher led by gains in consumer staples.
• Shares of Wal-Mart gained 72 cents to $74.31 and CVS Caremark advanced $1.44 to $45.56.
• Travel websites were under pressure today. Priceline.com fell $117.48 to $562.32 and Orbitz shed $1.19 to $3.47 after both companies offered disappointing guidance following their earnings reports.
• Also among earnings, Disney rallied 68 cents to $50.49 following its better-than-expected profit tally. Macy’s rose $1.01 to $38.01 after reporting a higher quarterly profit and boosting its full-year earnings guidance.
• In other news, owner of Outback Steakhouse, Bloomin Brands jumped $1.41 to $12.41 in their market debut.
• Composite volume on the NYSE was 3.2 billion shares. Issues settled even. The NASDAQ was 9-7 negative on issues.
• Turning to fixed income, Treasuries are lower along the curve. The benchmark 10-year note was down 3/16 of a point to yield 1.65% and the 30-year bond fell 1/2 of a point to yield 2.75%.

To read the complete report, Ken's Market Report.