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.