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Stock Market Today: Dow Jones Industrial Average Falls, These Stocks Soar
U.S. stocks closed mixed today, with the Dow Jones Industrial Average incurring losses, while the S&P 500 and the tech-heavy Nasdaq noted modest gains.
Energy futures fell today, with crude oil, heating oil, and natural gas futures significantly off. Light, sweet crude oil for April delivery is down 2.1% at $97.91 per barrel today; heating oil is down 1.4% at $2.92 per gallon; and natural gas is down 1.7% at $4.52 per million BTUs.
Meanwhile, metals futures rose, with gold trading up 1.5% at $1,367.50 per ounce, platinum trading up 0.7% at $1,475.30 per troy ounce, and silver rising 2.2% at $21.28 per ounce.
Hot Stocks to Watch Today
Investors remained guarded Tuesday while reflecting on Wall Street's now 5-year-old rally, soft economic data out of Asia, and mounting tensions in Ukraine.
After a quiet Monday, which saw just 6 million shares change hands (the third lowest-volume day of the year) and left all three benchmarks modestly lower, Tuesday's session was much the same.To continue reading, please click here...
Here's What's Behind Plug Power's (Nasdaq: PLUG) 565% Gain in 2014
Plug Power Inc. (Nasdaq: PLUG) gained 24.67% today (Monday), and that's just a small slice of the 565.16% surge PLUG stock has seen so far in 2014.
Last week, the alternative energy company was on an absolute tear. PLUG stock logged a net gain of 77%, despite a 5.78% drop Thursday on news that Plug Power would be conducting a $22.4 million secondary offering.To continue reading, please click here...
Stock Market Today: Top 5 Stories and Earnings Calendar
Stock market today, March 7, 2014: The Dow Jones Industrial Average increased 0.38% to close at 16,421.89 on Thursday. The Nasdaq fell 0.13% to hit 4,352.13, while the S&P 500 gained a meager 0.17% to finish at 1,877.03.
This morning, the Bureau of Labor Statistics will announce the highly anticipated official jobs report. Stay tuned for updates on Moneymorning.com.To continue reading, please click here...
Staples Inc. (Nasdaq: SPLS) Store Closings Part of an Ugly Trend
The news that Staples Inc. (Nasdaq: SPLS) plans to close 225 stores illustrates a grim trend in retail that will accelerate over the next couple of years.
The store closings are expected to save Staples $500 million by the end of 2015 and represent 12% of the office supply chain's 1,846 North American stores.
"Our customers are using less office supplies, they're shopping less often in our stores and more online, and their focus on value has made the marketplace even more competitive," Staples Chief Executive Officer Ronald Sargent said.
The announcement on store closings came amid a disappointing Q4 earnings report. The company's earnings per share of $0.33 were well below expectations of $0.39. Revenue slipped 11% to $5.87 billion, which also missed expectations.
Smith & Wesson (Nasdaq: SWHC) Stock Soars on Sensational Quarter and Strong Guidance
With Washington bent on curbing gun and ammunition availability, sales for such items are soaring across the country, as evidenced by a bang-up quarter from Smith & Wesson Holding Corp. (Nasdaq: SWHC).
SWHC stock jumped some 18% intraday Wednesday to $14.27 after reporting better than expected earnings and revenue growth Tuesday after the close.To continue reading, please click here...
Hot Stocks to Watch Today
U.S. equities jumped up right out of the gate Tuesday, with all three benchmarks up better than 1% just before noon. The S&P 500 Index hit yet another record high. European markets, also hammered on Monday, recovered most of what they lost in Tuesday's session.
While the gains were broad-based as stocks rebounded from Monday's rout, there were a number of equities moving higher on company developments, industry news, earnings, and deal making. Following are 12 of today's hot stocks to watch.
Apple and Tesla Motors Inc. (Nasdaq: TSLA) Might Have a Secret Plan
But the two companies have been talking, and almost surely about the planned Tesla Gigafactory, an enormous rechargeable battery production plant projected to open in 2017 and cost at least $5 billion.
It makes total sense. Thanks to its sales of millions of mobile devices like iPads, iPhones, and laptops, Apple uses twice as much battery capacity as Tesla.
Best Stocks to Buy Now: How to Play 2014's Most Profitable Trends Today
Best stocks to buy for the week ending Feb. 28, 2014: The S&P 500 Index finished February up 4.3% at 1,859.45, its best month since October and its best February since 1998.
The Dow Jones Industrial Average ended February 4% higher, trimming year-to-date losses to 1.5%. And the Nasdaq closed out the month up 5%. The tech-heavy index is up 3.2% in 2014 and sits at a 13 1/2-year high.
Five years ago this Sunday, on March 9, 2009, the S&P 500 closed at 676.58, its lowest level since the start of the 2008 financial crisis. Since then, stock returns have more than tripled.