The Dow Jones Industrial Average lost 64.28 points, or 0.44%, Monday to close at 14,447.75. After a long winning streak in early March, the Dow’s now seen a loss in two of the past three trading days. Despite closing down, the benchmark set a new intraday record high of 14,563.75. Heading into the final trading week of the month, the Dow is up 2.8% in March.
The Standard & Poor’s 500 index continues to make investors wait for a new all-time high. The S&P, which after falling 0.33% today has fallen in five of the past seven trading days, closed at 1,551.69, still several points off its record of 1,565.15 set on Oct. 9, 2007. The index has risen 2.44% this month.
The Russell 2000 index fell 0.04% to close at 945.85. The small-cap index has also declined in five of the past seven trading days, though it’s up 3.8% in March.
Meanwhile, shares of Sonic (SONC) are up 5% in extended trading after the drive-in restaurant operator said its fiscal second-quarter profit doubled to 6 cents a share, beating Wall Street estimates of 5 cents. Same-store sales were flat, though excluding the extra day in 2012 same-store sales would have increased 1.3%, it said. In its earnings release, Sonic said that it sees 2013 same-store sales to be in the low single digit range.
No comments:
Post a Comment