U.S. stocks end higher after choppy session

08:49, August 19, 2010      

Email | Print | Subscribe | Comments | Forum 

The U.S. stocks ended modestly higher after a choppy session on Wednesday, as strong earnings from retailers helped lift the market. All major indexes gained less than 0.5 percent.

The trading was extremely light throughout the day, which was expected by investors as they are trying to figure out whether the advance in the previous session was the start of a turnaround or just a one-shot deal.

With no economic data scheduled for release, the market continued to look for recovery signs in corporate earnings.

Retail giant Target gained after fiscal second-quarter earnings rose 14 percent as cost-cutting helped overcome disappointing sales. Target also said it is making significant headway in getting its credit-card business back on track.

Retailer Chico's FAS, which also operates the Soma Intimates and White House/Black Market chains, jumped after reporting second- quarter profits that more than doubled the year-ago level, beating analysts' expectation.

The Dow Jones industrial average rose 9.69 points, or 0.09 percent, to 10,415.54. The Standard & Poor's 500 index edged up 1. 62 points, or 0.15 percent, to 1,094.16 and the Nasdaq was up 6.26 points, or 0.28 percent, to 2,215.70.

Source:Xinhua

(Editor:黄蓓蓓)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Staff members watch a screen showing the blast-off of the Long March-2FT1 carrier rocket loaded with Tiangong-1 unmanned space lab module at Beijing Aerospace Control Center, Sept. 29, 2011. Commander-in-chief of China's manned space program Chang Wanquan announced Thursday night that the launch of Tiangong-1 space lab module was successful. (Xinhua/Wang Shen)
  • Chinese President Hu Jintao watches the launch of Tiangong-1 space lab module at Beijing Aerospace Control Center in Beijing, capital of China, Sept. 29, 2011. Other members of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, including Wu Bangguo, Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang and Zhou Yongkang, are also present. (Xinhua/Rao Aimin)
  • The graphics shows the launch procedures of the carrier rocket of Tiangong-1 space lab module, Long March-2FT1 on Sept. 29, 2011. (Xinhua/Lu Zhe)
  • Image taken from Beijing Aerospace Control Center shows a Long March-2FT1 carrier rocket loaded with Tiangong-1 unmanned space lab module blasting off from the launch pad at the Jiuquan Satellite Launch Center in northwest China's Gansu Province, Sept. 29, 2011. (Xinhua)
  • On Sept. 28, tourists travel around the Mingshashan Scenic Area in Dunhuang, Gansu province by camel. With the National Day vacation right around the corner, more and more tourists from home and abroad are going to Dunhuang. Riding on a camel, they travel in the desert to enjoy the cities rare form of natural scenery. (Xinhua/Zhang Weixian)
  • Chinese forest armed forces work together with forest firefighters on Sept. 28. (Xinhua/Chai Liren)
Hot Forum Discussion