After Market: Blue Chips Rise But Most Stocks End Lower


Stocks surrendered early gains to end mixed, and shares of the luxury carmaker Tesla hit a big pothole.

The Dow Jones industrial average (^DJI) rose 32 points. They briefly topped the record high set last week before retreating. The Standard & Poor's 500 index (^GPSC) slipped 2 points, and the Nasdaq composite (^IXIC) fell 16 points.

Many of the volatile Internet stocks steadied today. Google (GOOG) edged higher, (AMZN) fell 1.5 percent and Twitter gained back 4 percent after Morgan Stanley (MS) upped its rating on the stock to "neutral."

Shares of Tesla Motors (TSLA) may need a tune-up after dropping 11 percent. The company posted a quarterly loss and warned that costs will continue to rise for new vehicle development and its planned battery factory. Telsa shares are well off their high, but have still more than tripled in price over the past year.

Elon Musk is the founder and chairman of Tesla. One of his other companies is SolarCity (SCTY), which fared much better. It gained 12 percent despite posting a loss.

Coffee-roaster Keurig Green Mountain (GMCR) was also hot, jumping 13 percent. It beat earnings expectations and expanded a partnership agreement with J.M. Smucker (SJM), owner of the Folger's brand. This is another stock that's been a standout gainer over the past year, up 74 percent.

Also higher on earnings news, 21st Century Fox (FOXA) gained 6.5 percent, helped by the broadcast of the Super Bowl in February. And the online real estate firm Zillow (Z) rose 4 percent after topping expectations.

On the downside:
  • Dish Networks (DISH) fell 4 percent as net fell from a year ago;
  • Caesars Entertainment (CZR) fell 6.5 percent as its loss widened. The casino company has not posted a profit since 2009.
  • Dean Foods (DF) lost 5 percent after posting a loss;
  • Gulfport Energy (GPOR) slid 19 percent after falling short of expectations.
Elsewhere, Ford (F) rose more than 2 percent after saying it plans to buy back up to $1.8 billion of its stock.

Costco (COST) led retailers, rising 2.5 percent on a solid sales gain in April. L Brands (LB) gained nearly 5 percent, and Zumiez (ZUMZ) zoomed ahead by 11 percent.

Among airline stocks, United Airlines (UAL) rose 1 percent and American Airlines (AAL) gained 2.5 percent.

-Produced by Drew Trachtenberg.

What to Watch Friday:
  • At 10 a.m. Eastern time, the Commerce Department releases wholesale trade inventories for March, and the Labor Department releases its job openings and labor turnover survey for March.
These major companies are scheduled to release quarterly financial results.
  • Bloomin' Brands (BLMN)
  • Chiquita Brands International (CQB)
  • E.W. Scripps Co. (SSP)
  • Hilton Worldwide Holdings (HLT)
  • Ralph Lauren (RL)

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Here we go AOL failed to notify users that their database of your personal information was breached LMAO AOL, Shitter and Crapbook.

May 09 2014 at 4:34 AM Report abuse rate up rate down Reply

Wall St seems to be so disconnected from reality that a recovery on Main St can not happen.

May 08 2014 at 9:47 PM Report abuse rate up rate down Reply

Now I've heard it all!!!!

Jim Cramer and Morgan Stanley short that twitter garbage into mega profits (Funny Cramer didn't share that info with his viewers who got their faces ripped off) then Morgan Stanley upgrades twitters worthless stock and makes double profits with Jim Crammer the Wall Street Cheer Leader.

And just when I thought the SEC was busy using pornography again Holder and Obama say these guys are not too big to prosecute but we won't because it might upset the precious stock market.

This is like something out of a low budget movie - so stupid it's hard to believe yet so typical of our Government. This is the state of our world, screaming degenerate gamblers trading worthless paper take precedence over the welfare of the American People.

May 08 2014 at 7:42 PM Report abuse rate up rate down Reply
1 reply to militiaman2013's comment

A .4 drop in the labor participation was mentioned by the Yellen because it is highly unusual. The BLS usually goes back an revises their numbers so expect to be kept in the dark as usual. As usual the stock market speeds ahead while the trail of declining middle class victims push up the poverty rate.

May 08 2014 at 8:46 PM Report abuse +1 rate up rate down Reply
1 reply to Iselin007's comment

Exactly, if I trueliberal had a third grade education we could explain it to him too.

May 08 2014 at 11:08 PM Report abuse +1 rate up rate down

Nothing works in USA under this Regime,because they are a bunch of incompetent socialists

May 08 2014 at 6:28 PM Report abuse -5 rate up rate down Reply
1 reply to thefacts22's comment

Obama: 'Nothing Works' Because Republicans Are Willing 'To Say No To Everything'

President Barack Obama railed against Republicans during an event in Los Angeles Wednesday night, saying the GOP's willingness "to say no to everything" makes the upcoming midterm elections especially important.

“Their willingness to say no to everything -- the fact that since 2007, they have filibustered about 500 pieces of legislation that would help the middle class just gives you a sense of how opposed they are to any progress -- has actually led to an increase in cynicism and discouragement among the people who were counting on us to fight for them,” Obama said.

"The conclusion is, well, nothing works,” Obama continued. “And the problem is, is that for the folks worth fighting for -- for the person who’s cleaning up that house or hotel, for the guy who used to work on construction but now has been laid off -- they need us. Not because they want a handout, but because they know that government can serve an important function in unleashing the power of our private sector.”

Obama said a strong showing by Democrats in the midterm elections could help Washington "break out" of a vicious cycle.

"We're not going to make good choices unless we break out of this cycle in which dysfunction breeds cynicism, and cynicism then breeds more dysfunction," Obama said. "We've got to break out of it. And that happens during midterms."

thefacts22,.......To bad you don't provide any.

May 08 2014 at 8:35 PM Report abuse -1 rate up rate down Reply
2 replies to teaparty2implode's comment

The fact that many of our manufacturing and other jobs have been outsourced over the last couple of decades while both parties made excuses offers those that were devastated zero comfort.

May 08 2014 at 9:00 PM Report abuse rate up rate down

Obama at another fundraiser on the taxpayer's dime? NO WAY!!!!! He's been campaigning since 2007. That's all he's good at. Hey, is he going to blast reid for not allowing a vote on any house bills?

And BTW president partisan....aren't ALL Americans worth fighting for?

My God, this president is such a hack.

May 09 2014 at 12:10 AM Report abuse rate up rate down