Biggest OTC % Gainers/OTC % Losers /Top OTC Volume Movers 2/26 close:
After-hours buzz: JC Penney, Herbalife, Gap & more
Weight Watchers – The company’s shares declined some 15 percent after it reported weak guidance.
Crocs – Shares of the shoe maker fell more than 6 percent after it forecasts wider-than-expected decline in first-quarter sales.
Gap – The retailer rose about 2 percent in after-hours trading after it beat earnings estimates by a penny, while revenue was in line. Gap also warned that the West Coast port slowdown and currency issues would negatively impact future earnings.
Herbalife – The stock rallied before turning lower after it easily beat earnings forecasts, but revenue trailed estimates.
J.C. Penney – The retailer reported break-even results, missing estimates for a profit of 11 cents a share, while revenue came in better than expected.
Stocks end mostly lower as oil pressures energy sector
NEW YORK (MarketWatch) — U.S. stocks closed mostly lower on Thursday as downbeat economic data and the selling pressure from the energy sector weighed on the S&P 500 and Dow industrials. Data showed the inflation trend turned negative for the first time since 2009, largely thanks to cheaper gasoline prices. However, core consumer prices, excluding food and energy costs, inched up. First-time weekly jobless claims jumped more than expected, coming in above 300,000. A big drop in oil prices triggered a sell-off in energy stocks, which left the S&P 500 SPX, -0.15% stuck in negative territory. The benchmark index closed 3.12 points, or 0.2%, lower at 2,110.74. The Dow Jones Industrial Average DJIA, -0.06% closed off 10.15 points at 18,214.42, retreating slightly from the record level reached on Wednesday. The Nasdaq Composite COMP, +0.42% defied the general trend and rose 20.75 points, or 0.4%, to 4,987.89, only 12 points shy of 5,000.
Gold settles at highest level in more than a week
SAN FRANCISCO (MarketWatch) — Gold futures climbed on Thursday to their highest settlement in more than a week. Prices continued to find support from the return of Chinese buyers to the market following the Lunar New Year celebration as investors looked ahead to the European Central Bank’s quantitative-easing measures. April gold GCJ5, +0.66% climbed $8.60, or 0.7%, to settle at $1,210.10 an ounce on Comex. That was the highest close for a most-active contract since Feb. 18.
Gold puts Janet Yellen in rearview mirror, moves higher
Analyst: Next resistance level is $1,240
LONDON (MarketWatch) — Now that the bulk of the economic data in this busy week has passed, gold on Thursday showed signs of piecing together a decent stretch.
Gold for April delivery GCJ5, +1.27% rose $17,or 1.4%, to $1,218 an ounce. March silver SIH5, +1.95% tacked on 39 cents, or 2.4%, to $16.82 an ounce.
On Wednesday, gold futures scored their first gain in four sessions thanks to comments from Federal Reserve Chairwoman Janet Yellen, a weaker U.S. dollar and signs of rising demand from China. http://www.marketwatch.com/story/gold-puts-janet-yellen-in-rearview-mirror-moves-higher-2015-02-26
U.S. stocks: Wall Street trades sideways ahead of CPI, durable-goods data
MADRID (MarketWatch) — U.S. stock futures pointed to small gains at Wall Street’s open on Thursday, as investors moved past Federal Reserve Chairwoman Janet Yellen’s testimony to watch for consumer-price data that’s key to debate about interest rates.
More retailers will roll out reports Thursday, with Kohl’s Corp. the biggest to report ahead of the bell.
Futures for the Dow Jones Industrial Average DJH5, +0.15% rose 23 points to 18,216, while those for the S&P 500 index SPH5, +0.14% added 3.3 points to 2,113.50. Futures for the Nasdaq-100 NDH5, +0.19% gained 8.5 points to 4,445.25.
The Dow industrials was the only big index to close at a record on Wednesday, though it managed just a 0.1% gain. Markets gained as Yellen gave her second day of testimony before Congress, though those rises largely faded. The Nasdaq Composite COMP, -0.02% finished down 0.02%, breaking its 10-day winning streak.
Two important pieces of data are coming, both at 8:30 a.m. Eastern Time: The consumer-price index and durable goods, both for January.
Of this data, the CPI will get the most attention, and some forecasters expect a headline negative rate for the first time since 2009. “The Fed are among those who have not predicted inflation very well, and our main issue with a rate rise this summer is that it might be based on faulty forecasts of a recovery in inflation,” said Jim Reid, strategist at Deutsche Bank, in a note to investors.
“Yes, it might happen, but the certainty must be low at the moment. Surely it’s best to wait for a bit more evidence first,” said Reid.
Also coming, at 9 a.m. Eastern Time, is the release of the Federal Housing Finance Agency home-price index for December.
Stocks in focus: Kohl’s KSS, +1.55% and SeaWorld Entertainment Inc. SEAS, -2.02% will report ahead of the bell. They will be followed by Herbalife Ltd. HLF, +2.43% J.C. Penney Co. Inc. JCP, +2.00% Gap Inc. GPS, +0.85% and Ross Stores Inc. ROST, +0.40% after the close.
Shares of Salesforce.com Inc. CRM, +12.15% were up another 11% in thin premarket trading. Late Wednesday, the software maker posted strong growth in deferred sales, which measures its future sales from a subscription-based business model.
Shares of UIL Holdings Corp. UIL, -0.12% could see action after Spanish utility Iberdrola ES IBE, +0.73% announced plans to buy the power and gas distributor in a $3 billion cash and shares deal. http://www.marketwatch.com/story/us-stocks-wall-street-trades-sideways-ahead-of-cpi-durable-goods-data-2015-02-26