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Wall Street Ends Flat after Reopening on Wednesday (NFLX, PVH)

By: , dated October 31st, 2012
The US markets reopened on Wednesday after being closed for two days. Stocks remained relatively flat with trading volume around 2.76 billion shares on the NYSE. Due to expectation of higher sales, both Home Depot (HD) and Lowe’s (LOW) saw stock surge. Activist investor Carl Ichan bought a large stake in Netflix (NFLX), whose shares jumped 12%. Apple (AAPL) dropped 2% today due to the recent announcements of management changes including the exit of two senior vice presidents. PVH Corp. (PVH) is acquiring Warnaco Group (WRC) for $2.9 billion. European markets ended lower after the euro zone unemployment rate hit another record high of 11.6%. The dollar was down against the euro, but inched slightly to the Japanese yen. Investors look toward Thursday which will bring a large amount of important economic data, including consumer confidence, construction spending and unemployment numbers in the US.

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