Expedia Tops S&P 500 on eLong Deal; Stocks Stall Ahead of Holiday

Expedia (EXPE) was the best performer on the S&P 500 after selling its 62.4% stake in Chinese travel agency eLong to a group of buyers including Ctrip.com (CTRP).
Author:
Publish date:

Expedia (EXPE) was the best performer on the S&P 500 after selling its 62.4% stake in Chinese travel agency eLong to a group of buyers including Ctrip.com (CTRP). Ctrip shares were on the move, jumping higher following the $671 million deal. Ross Stores (ROST) was the worst performer on the S&P 500 after guiding for second-quarter profit below analysts’ estimates. Salesforce (CRM) saw a small late-afternoon kick after reports of further alleged details on a failed bid by Microsoft (MSFT). It was a quiet end to the week with stocks little changed heading into the Memorial Day long weekend. TheStreet's Keris Lahiff reports from New York.