Thursday, March 22, 2012

US. Stock to watch march 23 2012

US. Stock to watch march 23 2012 : Signs that China's economy is weakening and Europe is slowing sent U.S. stocks lower. The price of crude oil dropped 2 percent Thursday to its lowest level in a week. That hurt oil stocks: Alpha Natural Resources, Consol Energy, and Noble Energy each fell 4 percent.

The disconcerting economic news from overseas overshadowed other reports that suggested the U.S. economy is gaining momentum. The Dow Jones industrial average closed down 78.48 points, or 0.6 percent, at 13,046.14.

The Standard & Poor's 500 index fell 10.11, or 0.7 percent, at 1,392.78, while the Nasdaq composite index fell 12 points, or 0.4 percent to 3,063.32.

Shares of the following companies may have unusual moves in U.S. trading tomorrow march 23 2012 . Stock symbols are in parentheses, and prices are as of 4:40 p.m. in New York. Standard & Poor’s 500 Index futures expiring in June rose less than 0.1 percent to 1,389.1.

Accenture Plc (ACN) rose 1.6 percent to $64.55. The world’s second-largest technology-consulting company raised its full-year earnings forecast to at least $3.82 a share, beating analysts’ average projection of $3.80.

Cost Plus Inc. (CPWM) rallied 5.5 percent to $16.90. The seller of international-themed food and casual furnishings forecast first-quarter revenue of at least $210 million, exceeding the average analyst estimate of $205.8 million.

Covidien Plc (COV) : The maker of surgical products and drugs agreed to buy closely held Newport Medical Instruments Inc., which makes ventilators, for $108 million. The Dublin- based company said it sees no material effect on sales and earnings in 2012.

Micron Technology Inc. (MU) slipped 1.4 percent to $8.59. The largest U.S. maker of computer memory reported a third consecutive loss after sluggish demand for personal computers dragged down chip prices.

Nike Inc. (NKE) advanced 0.5 percent to $111.60. The world’s largest sporting-goods company reported third-quarter profit that topped analysts’ estimates as sales gained in North America.

Steelcase Inc. (SCS) tumbled 13 percent to $8.10. The maker of office furniture forecast first-quarter earnings of no more than 12 cents a share, falling short of the average analyst estimate of 16 cents.

Wet Seal Inc. (WTSLA) : The apparel chain for teenage girls forecast first-quarter earnings of no more than 4 cents a share, missing the average analyst estimate by 2 cents.

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