Market Features
Amazon(AMZN) is also climbing, by 4.6% to $126.18, in afternoon trading.
But there were also some losers following the sales report. Fred's(FRED) is tumbling 3.3% to $28.56 after it reported same-store sales that missed expectations. The discounter said October comparable sales rose just 0.4%, below the 1.3% jump analysts forecast. As a result, the company was downgraded on Friday by Webush Morgan to underperform from neutral. Likewise, Bebe(BEBE) is in the red after it announced that it swung to a loss in its first quarter on significantly lower sales. During the quarter, the specialty retailer lost $4.2 million, or 5 cents a share, compared with a profit of $11.2 million, or 12 cents, in the year-ago period. Revenue tanked 23% to $125.7 million, as same-store sales plunged 25.7%. Shares of Bebe are stumbling 8.9% to $5.95 in afternoon trading. -- Reported by Jeanine Poggi in New York Follow TheStreet.com on Twitter and become a fan on Facebook.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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|---|---|---|---|---|
| 12,393.45 | 1,310.33 | 2,827.34 | 15.81 |
Oil *
101.78
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DOWN
26.41 |
DOWN
2.99 |
DOWN
10.02 |
DOWN
0.44 |
10 Yr
1.58%
SPDR Gold
151.62
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-0.21%
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-0.23%
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-0.35%
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-2.71%
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