This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Dow, Nasdaq Lose Ground; S&P 500 Books Slight Gain

Stocks in this article: ^DJI ^GSPC ^IXIC AAPL SWY RGLD HPQ DIS JPM ALK BA KO S

The Bureau of Labor Statistics said that U.S. import prices rose 1.1% in September versus 1.1% in August, and that export prices increased 0.8% in September compared with 1% in August.

The FTSE 100 in London closed up 0.92% and the DAX in Germany finished up 1.06% Thursday as Italian bond yields eased following a warmer reception of an auction of three-year government bonds.

The Nikkei Average in Tokyo closed down 0.58% and the Hang Seng in Hong Kong finished up 0.38%.

November crude oil futures rose 82 cents to close at $92.07 a barrel. December gold futures settled up $5.50 at $1,770.60 an ounce.

The benchmark 10-year Treasury was up 1/32, diluting the yield to 1.674%. The dollar was down 0.40%, according to the dollar index.

In corporate news, Sprint (S) confirmed that it is in talks with Softbank on a "potential substantial investment by Softbank" and that it does not intend to comment further "unless and until an agreement is reached."

Earlier reports had said that Japan's Softbank is in talks to buy Sprint for more than 1.5 trillion yen ($19 billion).

Sprint shares surged 14.3%.

Precious metals royalty company Royal Gold ( RGLD) said it's planning an offering of 5.25 million shares of common stock. Shares fell 4.1%.

Safeway (SWY) shares were down 3.6% after the food and drug retailer said that its third-quarter profit margin declined amid expenses tied to the launch of its customer loyalty program.

Earnings came in at 45 cents a share, beating the average analyst estimate of 43 cents a share.

Revenues fell to $10.05 billion, falling short of the expected $10.24 billion, from $10.06 billion following the company's sale of the Genuardi's chain and negative currency effects.




--Written by Andrea Tse and Joe Deaux in New York.



>To contact the writer of this article, click here: Andrea Tse.

3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs