The markets traded in a smaller range today, finishing mixed as investors seem to be waiting for the next catalyst to make a decision. The Dow 30 closed lower on the day by 37, the S&P 500 was flat, and the Nasdaq 100 was able to show a small gain of 14, though it is still suffering from Monday's selloff. Tomorrow investors will get a look at unemployment claims, and consumer credit info. Both can have an impact on the markets.
American Eagle Outfitters (AEO ) shares popped 2.48% to new, yearly highs today when the company showed profits and revenue that matched Wall Streets expectations. Margins were a focus as they came in better than expected, fueling their profit for the quarter. The company cited "continued momentum into the holiday quarter", and raised their guidance for the rest of the year. Though shares were higher at the open, profit taking caused prices to dip into the close. Shares are higher by almost 60% since hitting a low back in August.
Home Depot (HD ) shares sold off 1.12% today after the home improvement retailer reaffirmed full-year guidance, detailed a three-year investment strategy and announced plans to bump up its share buyback program to $15 billion. The stock can afford a little pullback however. For 2017 shares of Home Depot are still higher 25%.
Square (SQ ) was up about 4% to start the day as the company tweeted plans to allow more customers to buy and sell bitcoin on its Cash app. Investors continued to take profits into the news however, sending shares lower on the day by 0.30%. The stock has sold off quite aggressively in the past few weeks. Shares are lower by 25% since hitting a high in late November, but that's nothing compared to the 170% gains Square is holding on to for the year.