Stocks Stall on Renewed European Worries Despite Positive Jobs News (ORLY, AAPL)

Stocks declined on Thursday after comments from the ECB president about the Euro decreased optimism on Europe's economic outlook. Top U.S. retailers reported strong sales in January, which surprised many investors who thought the decrease in disposable income resulting from higher payroll taxes would adversely impact these numbers. U.S. jobless claims fell last week, nearing a 5-year low as the labor market continues to show signs of healing. Auto parts distributor O'Reilly Automotive Inc (ORLY) reported earnings that beat estimates, triggering an 8% increase in the stock.
Greenlight Capital said that it has sued Apple Inc (AAPL), saying that the company needs to do more to unlock value for shareholders. Despite Thursday's losses, the markets have been on an uptrend for 2013, with the S&P up more than 5%.

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Published on Feb 7, 2013
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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