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Markets’ Euphoria Put on Pause — Monday’s IP Market Recap

However, Apple helps get the Nasdaq over the hump


InvestorPlace Market RecapAfter tearing through four straight weeks of gains that have U.S. stock indices nearing new heights, and despite upbeat news on durable goods orders, investors took a bit of a breather Monday.

The S&P 500 fell off 0.18% to at least stay fractionally above the 1,500 mark at 1,500.18, and the Dow slumped 0.1% to 13,881.93. The previously beaten-down Nasdaq got some respite, however, up 0.15% to 3,154.30.

Shares of Apple (NASDAQ:AAPL) managed to weather more downgrades and the momentary loss of its Most Valuable Company title to Exxon Mobil (NYSE:XOM) to gain just more than 2.25%, stemming a two-day slump that lopped off more than 14% of its share price.

Construction and mining equipment manufacturer Caterpillar (NYSE:CAT) gained more than 2% to lead the Dow despite a 55% decline in fourth-quarter net income, partially due to a one-time $580 million charge. CAT also predicted a difficult year ahead.

Men’s retailer Jos. A. Bank (NASDAQ:JOSB) fell roughly 15% after giving a harrowing warning on its full-year profits, which it expects to fall by 20% despite record revenues. Sectormate Men’s Wearhouse (NYSE:MW) fell nearly 6% in sympathy.

Shares of global energy company Hess (NYSE:HES) gained more than 6% after saying it would sell more assets as it exits the refining business and announced activist investor Elliot Associates is interested in buying a position.

Finally, Yahoo (NASDAQ:YHOO) headed up more than 4% in after-hours trading following its Q4 earnings report. Yahoo grew revenues 2% to $1.35 billion, though earnings dipped 8% to $272 million, or 32 cents per share — though the latter figure did top estimates by 4 cents.

Earnings announcements on Tuesday included Corning (NYSE:GLW), Pfizer (NYSE:PFE), and Amazon (NASDAQ:AMZN).

Three Up

  • RadioShack (NYSE:RSH): Up 22% (58 cents) to $3.22.
  • Zynga (NASDAQ:ZNGA): Up 14.1% (35 cents) to $2.84.
  • Nii Holding (NASDAQ:NIHD): Up 5.5% (40 cents) to $7.66.

Three Down

  • Stratasys (NASDAQ:SSYS): Down 9.9% ($8.64) to $78.47.
  • Herbalife (NYSE:HLF): Down 8.2% ($3.57) to $40.02.
  • Research In Motion (NASDAQ:RIMM): Down 7.8% ($1.36) to $16.18.

Marc Bastow is an Assistant Editor at As of this writing he is long AAPL, MSFT and YHOO.

Article printed from InvestorPlace Media,

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