Markets

US benchmarks all lower into close

US stocks were lower heading into the close in New York
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The Nasdaq exchange was higher earlier but is now down nine points
  • US benchmarks lower into close

  • Nasdaq, Dow Jones, S&P 500 in red

  • TSX down over 51 pts

US stocks were heading lower into the close after topsy turvey trading on the day.

Earlier, Nasdaq was higher but is now down over nine points at 6,766, while the Dow Jones is down 122 at 24,164.

The S&P 500 is off 10.68 points at 2,628 having been up 1.51 at mid-session.

US crude is down 0.23% to US$57.60 a barrel.

In Toronto, the TSX is down over 51 points at 15,917.

MID-SESSION

US stocks were mixed at mid-session, with the Dow Jones down 18 at 24,272.

The S&P 500 is ahead by 1.51, at 2,640, while the Nasdaq is up 29 at 6,805.

US crude- West Texas Intermediate - is up 0.44% to US$57.71 a barrel.

In Toronto, the TSX is down almost 29 to 15,940.

Notable movers include Moleculin Biotech Inc. (NASDAQ: MBRX), which rose over 19% to US$2.17 as it told invetsors that its WP1066 drug has received the FDA brain tumor IND (investigational new drug) clearance.

Also, Ascena Retail Group Inc (NASDAQ: ASNA) dropped over 23% to US$1.99 after it reported in-line earnings for its first quarter.

The group reported a 5% drop in its first quarter comparisons and issued weak second quarter guidance.

OPEN

US stocks started mixed on Tuesday, and the Nasdaq rebounded from yesterday's lows..

The Dow Jones shed over 42 points to 24,247, while the S&P 500 shed 0.33 at 2,639.

The Nasdaq is up over 31 points at 6,807.

In Toronto, the TSX is 23 down at 15, 945.

in stocks a notable gainer was Micron Technology (NYSE:MU), whose shares added 4.39% to US$41.66

AutoZone Inc shares (NYSE:AZO) revved up 1.85% to US$713.75 after its third quarter results beat market expectations.

The car parts retailer posted stronger-than-expected earnings for its fiscal first quarter to November 18.

In the quarter, it chalked up net income of US$281mln, or US$10.00 a share, up from US$278mln, or US$9.36 a share, a year earlier.


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