The markets opened modestly higher with the Dow rising 32 points to 12,727 as April retail sales edged up 0.1%. Nasdaq gained 16 points to 2918.
On the upside
Groupon (GRPN) narrowed first quarter losses as revenue climbed to top estimates.
Renren (RENN) reported a smaller than expected loss for the first quarter as revenue surged to beat expectations.
First quarter earnings climbed for Dick's Sporting Goods (DKS) as revenue rose to surpass analyst expectations.
On the downside
Fragrance company Coty withdrew its $10.7 billion offer to acquire Avon Products (AVP).
Chesapeake Energy (CHK) raised its bridge loan from $3 billion to $4 billion.
Patriot Coal (PCX) blamed a possible client default for lowering its steelmaking coal sales outlook.
In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE while advancers outpaced decliners by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 780.
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|07:07 PM||Sharply Lower Close On Disappointing Earnings|
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|10:42 AM||Fed To Continue Stimulus Program, Markets Soar|
|Tue, May 21, 2013|
|06:26 PM||Dow Rises To Another Record|
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|10:43 AM||Mixed Open Ahead Of Apple's Testimony|
|Mon, May 20, 2013|
|06:07 PM||Investors Lock In Profits|
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|10:42 AM||Mixed Open After Records Last Week|
|Fri, May 17, 2013|
|06:22 PM||Records For Fourth Consecutive Week|
|03:02 PM||Markets Rise As Consumer Sentiment Climbs|
|10:42 AM||High Open As Consumer Sentiment Climbs|
|Thu, May 16, 2013|
|06:29 PM||Economic Data Weighs Down Markets|
|02:20 PM||Markets Rise On Upbeat Earnings|
|10:42 AM||Mixed Open As Jobless Claims Rise|
|Wed, May 15, 2013|
|06:43 PM||Record Dow Close Again|
|01:23 PM||Rise In Homebuilder Confidence Lifts Markets|
|11:30 AM||Lower Open As Factory Output Drops|
|Tue, May 14, 2013|
|06:27 PM||Another Dow Record As Investor Confidence Grows|
|01:03 PM||Investor Optimism Lifts Markets|
|10:42 AM||Higher Open On Lower Import Prices|
|Mon, May 13, 2013|
|06:07 PM||Mixed Close Over Stimulus Concerns|
|01:34 PM||Markets Mixed As Retail Sales Rise|
|10:43 AM||Stimulus May End, Markets Open Lower|
|Fri, May 10, 2013|
|06:31 PM||Another Winning Week|
|02:06 PM||Mixed Markets As Investors Monitor Global Developments|
|11:33 AM||Mixed Open After Record Week|
|Thu, May 09, 2013|
|06:01 PM||Markets Retreat From Record Highs|
|03:13 PM||Markets Rise As Jobless Claims Drop|
|More News From MarketMinute.com Market Updates|