US Stocks recovered most of their losses but ended lower Thursday on weak employment and durable goods data.
 
The DJIA lost 53.13 pts, or 0.51%, to close at 10,321.03, the S&P 500 slid 2.30 pts, or 0.21%, to close at 1,102.94, the NAS tallied up a minus 1.68 pts, or 0.08% , to end the session at 2,234.22.

Trading started on a Red note, as a rumor of a 4-for-1 stock split planned by Apple Inc coincided with a late-day rebound in stocks.

A spokesman for Apple said the company has not made an announcement of a stock split. The NAS reaped most of the benefit of Apple’s rebound, and the index ended just short of flat.

Apple was among the NAS’ leaders, gaining 0.7% to close at US$202.01/shr.

Advancing Sectors: (None)

Declining Sectors: Telecom (-0.4%), Utilities (-0.3%), Financials (-0.3%), Industrials (-0.3%), Tech (-0.2%), Materials (-0.2%), Energy (-0.2%), Consumer Staples (-0.1%), Health Care (-0.1%), Consumer Discretionary (-0.1%)

Volume and Breadth: About 8.5B/shrs traded on the NYSE, the American Stock Exchange and NAS, below last year’s estimated daily average of 9.65B/shrs. Advancers outnumbered decliners on the NYSE by 1,512 to 1,504, and on the NAS, decliners beat advancers 1,500 to 1,121.

Stocks to Watch Today

Anglo Gold Ashanti, Ltd. (AU),  The Coca Cola Company (KO), The Kroger Company (KR), and PepsiCo, Inc. (PEP).

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Posted by Shayne Heffernan on Feb 26th, 2010and filed underLatest News, USA.You can follow any responses to this entry through theRSS 2.0You can leave a response by filling following comment form or trackback to this entry from your site