After Market: Stocks Finish Wild Week with a Whimper

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Stocks bounced in and out of the plus column before picking a direction on Friday. Unfortunately, the path chosen was down again, though not far. The Dow Jones industrial average (^DJI) extended its losing streak to five days, dropping another 43 points. The Standard & Poor's 500 (^GSPC)
fell 5 and the Nasdaq composite (^IXIC) lost 15 points. In all, each of the major averages lost in the neighborhood of a quarter of a percent Friday, and all lost ground for the week.

Meanwhile, another once-popular teen retailer took a tumble. Shares of Aeropostale (ARO) tumbled 20 percent after the retailer posted a wider than expected quarterly loss. The stock is now down 60 percent over the past year.

But investors were buying some other retailers. Zumiez (ZUMZ), also geared toward teens, rose 2½ percent despite forecasting a loss in the current quarter.

A couple of chains geared toward women did well. Ulta Salon (ULTA) gained nearly 6½ percent as earnings topped expectations. Ann (ANN), best known for its Ann Taylor stores, rose 7½ percent. And Coach (COH) gained 2 percent.

Other gainers today:
  • Green Mountain (GMCR), maker of Keurig, was up 7 percent, after expanding its deal with Starbucks.
  • Liberty Media (LSTZA) ended its deal to buy those shares of Sirius XM (SIRI) it doesn't already own. Both stocks gained on the news; Liberty up 7 percent, Sirius up 2 percent.
  • And Castlight Health (CSLT) soared nearly 150 percent above its $16 a share IPO price. The company, which helps workers choose healthcare benefits, stands to gain from Obamacare.

On the downside:

Tesla (TSLA) lost another 3 percent on reports that New York could become the fifth state to block the company from selling direct to consumers. Still, Tesla has a pretty good track record. It's stock has soared more than 500 percent over the past year.

Biotechs continued to lose ground. Celgene (CELG) fell 4 percent on a double dose of bad news. British regulators reportedly plan to reject the company's application to market a cancer treatment there. And a U.S. judge will hear a challenge to the company's patent on that same drug.

What to Watch Monday:
  • The Federal Reserve Bank of New York releases its survey of manufacturing conditions within New York state at 8:30 a.m. Eastern time.
  • The Treasury Department releases foreign holdings of U.S. debt for January at 9 a.m.
  • The Federal Reserve reports industrial production for January at 9:15 a.m.
  • The National Association of Home Builders releases March housing-market data at 10 a.m.
-Produced by Drew Trachtenberg.


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YourFtr

re real estate....
Our development houses were built for 198,000....
a few years later; houses across the road were built for 350,000 and up.
So you know what; when my neighbor, sold his house; he sold it for 450,000 !
I got robbed; I thought, when I bought my house; but now I plan to sell if for 350,000-400,000; so I will make out....

March 15 2014 at 3:50 AM Report abuse -3 rate up rate down Reply
boowah

We just have to realize that we are not the world's protector! Not every country is going to align itself with the West! In Syria, the rebels attempted to overthrow their government. In the Ukraine, they did overthrow their government. Since when did we start condoning that behaviour?

March 14 2014 at 5:08 PM Report abuse rate up rate down Reply