MARKET PULSE-Staples, Pixelworks, China New Borun, Energy Recovery

Thu Mar 6, 2014 11:29am EST
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stocks rose on Thursday, with the S&P 500 at a fresh record intraday high following upbeat labor market data, while traders kept an eye on developments in Ukraine. The Dow Jones industrial average was up 0.46 percent at 16,435.44, the S&P 500 was up 0.33 percent at 1,880.06 and the Nasdaq Composite was up 0.17 percent at 4,365.349.

** COSTCO WHOLESALE CORP, $112.8799, -3.08 pct

** OFFICE DEPOT INC, $4.72, -3.87 pct

Warehouse retailer Costco reported a bigger-than-expected 15 percent fall in profit as unusually deep discounting in the holiday shopping season hurt margins.

Shares of rival Office Depot were also down.

** STAPLES INC, $11.3201, -15.52 pct

The largest U.S. office supplies retailer forecast a fall in current-quarter sales as it loses customers to mass market chains and e-retailers, and the company said it would close up to 225 stores in North America by 2015.   Continued...