Mixed Economic Data Leads To Positive Day In The Dow – Acadiana Business Index
- The Dow Jones gave up 62 points to 13,207, the S&P 500 fell 11 points to 1392, and the NASDAQ was in the red by 36 points to 3024.
Economic data was mixed in the session.
- Weekly jobless claims came in better-than-expected, but were offset by a weaker-than-projected reading on the ISM non-manufacturing index.
- Disappointing retail sales numbers and corporate earnings also weighed on stocks.
- Shares of Target fell $1.43 to $56.55 and Costco gave up $2.40 to $84.24 after posting weaker-than-expected same store sales in April. On the earnings front, Green Mountain Coffee Roasters was in the red by $23.65 to $25.87 after falling short of analysts’ estimates and lowering their full year earning’s guidance. On the upside, Allstate gained $1.32 to $34.23 following their profit tally. On the M&A front, medical device maker Kensey Nash jumped $9.32 to $38.33 after the company announced they would be acquired by DSM.
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