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Stocks finishing the day barely changed yesterday, trimming

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blasher   Wednesday, 08/15/12 07:39:21 AM
Re: blasher post# 10329
Post # of 10364 
Stocks finishing the day barely changed yesterday, trimming early gains following a report that Greece was looking for a two-year extension to implement austerity programs. Ahead of the bell, sales at U.S. retailers increased 0.8% in July, breaking a string of three straight monthly declines, topping expectations for 0.2% growth. Sales excluding autos and gasoline rose 0.9%. Producer prices also beat estimates, increasing 0.3%. Business inventories rose 0.1% in June, slightly slower than the 0.2% rise were looking for. In Europe, data showed that the German economy grew 0.3% on a seasonally-adjusted basis in the second quarter, beating forecasts of a 0.2% rise. French gross domestic product was unchanged in the second quarter, which was better than economists’ expectations of a 0.1% decline. Home Depot gained 3.58% after the co. reported higher fiscal second-quarter results. Groupon fell 27% after the co. issued a disappointing third-quarter forecast due to concerns over the economic situation in Europe. In the evening trade JDS Uniphase popped up 5.1% following the solid earnings and guidance.


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