NEW YORK (CNNMoney)
The Dow, S&P 500, and Nasdaq all rose after the government reported that retail sales in February were up 0.3%. This was the first increase in three months as consumers bought more autos and clothing. On the jobs front, initial unemployment claims fell by 9,000 to 315,000, a three month low.
On the corporate side, fuel cell maker Plug Power (PLUG) was sharply higher after releasing fourth quarter results. Although the company reported a loss, CEO Andy Marsh said he believes that orders for this year will be nearly four times 2013's total orders.
The stock has surged since disclosing a big order from Walmart last month. But it -- as well as rivals FuelCell Energy (FCEL) and Ballard Power Systems (BLDP) -- are highly speculative companies.
There was a sweet treat for owners of Krispy Kreme Doughnuts (KKD) this morning. The stock soared after the company reported a strong outlook for sales and earnings. Dunkin' Brands (DNKN) is riding a sugar high as well. The stock is up nearly 40% in the past year.
Shares of discount retailer Dollar General (DG, Fortune 500) shares were lower after reporting weaker than expected sales in the fourth quarter. Dollar General blamed the bad winter weather.
Related: CNNMoney's Tech 30
Both European and Asian stock markets were mixed after worries about a slowdown in China spooked international investors Wednesday.
Economic data out Thursday did little to reassure investors, raising further questions about China's growth.
"For China, the question is whether the [government] authorities are in control of the slowdown, or if it starts controlling them," said Simon Smith, chief economist at FxPro.
First Published: March 13, 2014: 9:55 AM ET
Anda sedang membaca artikel tentang
Stocks rise on better economic news
Dengan url
https://sepakgajah.blogspot.com/2014/03/stocks-rise-on-better-economic-news.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Stocks rise on better economic news
namun jangan lupa untuk meletakkan link
Stocks rise on better economic news
sebagai sumbernya
0 komentar:
Posting Komentar