Wall Street slips after Tuesday rally
stocks dipped Canada Goose Coats On Sale on Wednesday as investors, awaiting fresh trading canada goose uk outlet incentives, locked in profits after recent rallies took the S 500 to five year highs.
Transportation Canada Goose Jackets stocks were among the Canada Goose Online worst performers weighed down by an 8.2 percent drop in CH Robinson Worldwide, which canada goose coats dropped Canada Goose sale 8.2 percent to $61.53 Canada Goose Outlet after reporting fourth quarter earnings.
The Dow Jones Transportation index shed 0.6 percent after closing at an all time high on Tuesday. The index has surged more than 10 percent this year canada goose black friday sale so far.
A 6 percent advance this year so far has lifted the benchmark S 500 index to its highest since December 2007, while the Dow briefly climbed above 14,000 recently, making it a challenge canada goose factory sale for investors to continue pushing the equity market upward in the absence of strong catalysts.
knew a correction was canada goose clearance sale coming; the question was whether they were going to tease you and get it close and then canadagooseoutletcanada start selling it off or get (the Dow) up to 14,000 and then start to make a move to the buy canada goose jacket cheap sell side, said Gordon Charlop, managing director at Rosenblatt Securities in New York.
got a Canada Goose Parka quick move and it really just not healthy for markets to go one way, so canada goose uk black friday the idea that cheap canada goose uk a little bit of a correction is due isn troublesome to me at all.
Walt canada goose coats on sale Disney Co was among the bright spots, canada goose uk shop up 1.4 percent to $55.07 after the company topped estimates for quarterly adjusted earnings and gave an optimistic outlook for the next few quarters.
According to Thomson Reuters data through Wednesday morning, of 301 companies in the Canada Goose online S 500 that have reported earnings, 68.1 percent have exceeded analysts expectations, above a uk canada goose outlet 62 percent average since 1994 uk canada goose and 65 percent over the cheap Canada Goose past four quarters. In terms of revenue, 65.8 percent of companies have topped forecasts.
Looking ahead, fourth quarter earnings for S buy canada goose jacket 500 companies are now expected to canada goose outlet grow 4.7 percent, according to the data, canada goose store above a 1.9 percent forecast at the start of the earnings season.
The Dow Jones industrial average lost 35.52 points, or 0.25 percent, at 13,943.78. The Standard Poor 500 Index slipped 3.17 points, or 0.21 percent, at 1,508.12. The Nasdaq Composite Index shed 4.34 points, or 0.14 percent, at 3,167.24.
Ralph Lauren Corp climbed 7.4 percent to $177.13 as the best performer canada goose on the S 500 after reporting renewed momentum in its holiday quarter sales and profits.
Time Warner Inc jumped 4.3 percent to $52.11 after reporting higher fourth quarter profit that beat Wall Street canada goose clearance estimates, as growth in its cable networks offset declines in its film, TV entertainment and publishing units.
Visa, the world largest credit and debit card network, is expected to report earnings per share of $1.79 for its first quarter, up from $1.49 a year earlier. Smaller rival MasterCard recently reported better than expected results but said its canadian goose jacket revenue growth could slow in the first half of the year due to economic uncertainty.