This ninth trading week of 2012 comes to a close with investors keeping a close eye on oil prices and ongoing unrest in the Middle East.
Hi. I'm Tracy Fitzpatrick. Welcome to the 'Weekly Market Wrap' for Friday March 2, 2012.
The S&P 500 and the Dow Jones Industrial Average were both little changed for the week late on Friday afternoon, while the NASDAQ was slightly higher.
Crude oil futures are slightly lower this week, trading around $106.66 per barrel on Friday afternoon.
Gold futures are lower this week, to around $1712.10 an ounce in afternoon trading.
In notable economic news this week, the Labor Department announced that applications for unemployment insurance decreased by 2,000 in the week ended Feb. 25 to 351,000.
In corporate news this week, Lowe's (NYSE:LOW) announced it turned a profit of $322 million, or 26 cents per share for the fiscal quarter ended on February 1st, up from $285 million, or 21 cents per share in the same period last year. Analysts had estimated earnings of 24 cents per share.
Priceline.com (PCLN) announced that it earned $276.8 million, or $5.37 per share, on revenue of $991 million for the quarter ended on December 31. Analysts had expected the company to earn $5.05 per share on revenue of $967.9 million.
Autozone (NYSE:AZO) announced that it earned $166.9 million, or $4.15 per share, on revenue of $1.8 billion for its fidscal second quarter. Analysts had expected earnings of $4.04 per share on revenue of $1.78 billion.
Caesars Entertainment (NASDAQ:CZR) announced that it lost $220.6 million, or $1.76 per share, for the fiscal quarter ended December 31, versus a loss of $196.7 million, or $1.71 per share, in the same period last year. The loss was in part due to a $164.2 million interest expense. Revenue increased by 2 percent to $2.17 billion from $2.12 billion.
Costco (NASDAQ:COST) announced that net income increased to $394 million, or 90 cents per share, for the period that ended on February 12, versus $348 million, or 79 cents per share, in the same period last year.
This is the 'Weekly Market Wrap' for Friday March 2nd, 2012. Please join us on Monday for the 'Week Ahead Market Report."
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
X
Wait! Don't leave yet.
Want to receive our latest research absolutely free?
⤹
Click the button below for your complimentary copy of Your Early Retirement Portfolio: Dividends Up to 8.7%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 8.7%.
VF has been a blessing to me and my family. 
Free Email Alerts By Stock:
Launch related slideshow:
Wednesday 4/24 Insider Buying Report: CNXC, CET
Tuesday 4/23 Insider Buying Report: CTRI, MXF
Tuesday 4/23 Insider Buying Report: BHVN, LIND
Nasdaq 100 Movers: ODFL, TSLA
S&P 500 Movers: TDY, HAS
Dow Movers: JNJ, BA
S&P 500 Analyst Moves: LULU
Dow Analyst Moves: MMM
Dow Analyst Moves: AAPL
Tuesday Sector Laggards: Non-Precious Metals & Non-Metallic Mining, Computer Peripherals
Tuesday Sector Leaders: Diagnostics, Biotechnology Stocks
Monday Sector Laggards: Precious Metals, Metals & Mining Stocks
Wednesday's ETF with Unusual Volume: IYT
Wednesday's ETF Movers: CQQQ, IYT
SPXS, CLNR: Big ETF Outflows
Daily Dividend Report: CP, MET, GWW, MCK, BKR
Daily Dividend Report: ETN,GM,BRO,ETN,PEBO
Daily Dividend Report: FELE,PK,POR,VALU,LHX
Fed Tapers Bond Buying
Nonfarm payroll Employment Up 175,000 in February
Initial Claims Decrease, Productivity 1.8% Annual Rate Increase in Q4
Weekly Market Wrap: August 14, 2015
Weekly Market Wrap: August 7, 2015
Weekly Market Wrap: July 31, 2015
Week Ahead Market Report: June 8, 2015
Week Ahead Market Report: May 18, 2015
Week Ahead Market Report: May 4, 2015