Despite all three major US stock markets reaching for highs not seen in over 4 years, stocks were mostly unchanged by the day’s closing bell. Just after lunch the Dow Jones Industrial Average surpassed the 13,000 mark but gave it back quickly. The NASDAQ was the only index in the negative but just barely. While optimistic that the EU / Greece situation will come to a short term fix, lingering fears over a long term solution hold the markets back today.
Stock Market Today Summary
- DJIA closed at 12,965.69 +15.82 (0.12%)
- S & P 500 ended the day at 1,362.21 +0.98 (0.07%)
- The NASDAQ lost -3.21 points finishing at 2948.57 (-0.11%)
Stock News Today
Apple Inc (AAPL) Helping keep the Nasdaq near even, shares of Apple Inc closed at 514.85 +12.73 or (2.54%). Just under 10 points off its all time high, Apple is due for its annual share holders meeting on Thursday February 23rd. The only possible weakness that Apple has shown in recent memory, other than the passing of Steve Jobs, is regarding working conditions in its China facilities. Apple has tackled this issue head on though with an attempt at internal review and transparency to the outside media.
Wal-Mart Stores Inc (WMT) Despite positive revenue, tighter margins through the holiday season reduced Wal-mart’s profits for the quarter. The result was the world’s largest retailer retreating to 60.07
-2.41 (-3.86%).
Macy’s Inc (M) Macy’s has managed to overcome lingering effects of a slow US economy and post impressive numbers for 2011 and expects 2012 to be good as well. Macy’s shares saw heavy trading during the days session and investors were rewarded with a modest gain to 36.69
+0.44 (1.21%). Trading a fairly low P/E, Macy’s shares look like a buy compared to smaller competitor J.C. Penney Company. (JCP) due to announce earning at the end of the week.
Stocks to Watch Tomorrow (Wednesday February 22nd)
Dell Inc (DELL) The computer / technology company’s share have been on a charge, gaining nearly 30 percent since September but investors may be giving a bit of that back now that the PC maker has reported earning after today’s closing bell. Dell gained revenues but missed its expected earnings. Shares of DELL were lower by 5% in after hours trading.
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