It was a light day of trading on Wall Street as a disappointing retail report kept stocks under pressure.
There are more signs of optimism for the housing market as the S&P Case Shiller home price index climbed 0.7 percent in October on a seasonally adjusted basis, which exceeded expectations of a 0.5 percent gain.
Herbalife (HFL) bounced back after dropping 38 percent last week following accusations from hedge fund manager Bill Ackman who said the company operates as a pyramid scheme. This morning, hedge fund manager Whitney Tilson announced he is also shorting the company's stock.
Several retailers including Coach (NYSE:COH) and Ralph Lauren (NYSE:RL) were sharply lower after a report from the Mastercard Advisors SpendingPulse showed that retail holiday sales grew at the weakest pace this season since 2008.
Tomorrow, we'll take a look at the numbers for weekly jobless claims, new home sales as well as the consumer confidence 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.
The knowledge I've gathered has been well worth
Launch related slideshow:
Wednesday 6/19 Insider Buying Report: BXP, SRPT
Wednesday 6/19 Insider Buying Report: MVC
Tuesday 6/18 Insider Buying Report: CTSH
Daily Wrap: June 19, 2013
Subscription Revenue Climbs at Adobe
Earnings Slump at FedEx in Fiscal Q4
New Analyst Coverage: ING, KO, SPN
Analyst Moves: AIG, ADBE, BLL
Analyst Moves: BBRY, CLF, AEO
Wednesday Sector Leaders: Real Estate, Oil & Gas Refining & Marketing Stocks
Wednesday Sector Laggards: Waste Management, General Contractors & Builders
Tuesday Sector Leaders: Agriculture & Farm Products, Entertainment
Wednesday's ETF with Unusual Volume: IWC
FXI, FPA: Big ETF Outflows
XLE, IPD: Big ETF Inflows
Daily Dividend Report: LLL, MA, BXP, EPR, CWCO
Mortgage REIT Dividend Report: HTS, NYMT, AGNC, MTGE
Daily Dividend Report: FITB, IVR, AMTG, SUI, USB
Jobless Claims Fall to New Five Year Low
US Employers Add 175k in May
Jobless Claims Fall By 11,000
Weekly Market Wrap: June 14, 2013
Weekly Market Wrap: June 7, 2013
Weekly Market Wrap: May 31, 2013
Week Ahead Market Report: June 17, 2013
Week Ahead Market Report: June 10, 2013
Week Ahead Market Report: June 3, 2013