Markets finished in the red, albeit off of their session lows. Ken Meyers has your stock market report in Thursday's 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.

For the complete report, click Ken's Market Report.