Is the Market Too Pricey?; DSW Down 25%
Stocks end the day lower as the S&P 500 falls from its record high yesterday. The continual setting of record highs is disconcerting to many investors who are beginning to believe that the U.S. stock market is getting too pricey. Shares of shoe retailer DSW (DSW) fell nearly 25% during the day after sharply missing first-quarter expectations, thus forcing them to drastically change their outlook for the year. On the bright side, net income did increase 11.9%. Whole Foods (WFM) was awarded the title of the worst performer in the S&P 500 this year due to the fact that their shares are down almost 35%.The rise of competition is drastically cutting into Whole Foods bottom line.
Word on the Street
- Is the market getting too expensive?
- McDonald's (MCD) to return $20 billion to shareholders.
- Tesla (TSLA) given a "junk" bond rating.
- Who is the worst performer in the S&P 500?
- Explanations for this record stock market.
- Google (GOOG) unveils a self-driving car.
- Hillshire Brands (HSH) soars on takeover bid.
Published on May 28, 2014By InvestorGuide Staff