Stocks Edged Lower at the Open

U.S. stocks edged lower at the open on Friday, as investors confronted the prospect of a tariff clashes with other major economies. The Dow Jones Industrial Average lately fell 9.22 points, or 0.04%, to 25,977.70. The S&P 500 was down 0.04 point, to 2,901.09. The Nasdaq Composite gained 16.03 points, or 0.20%, to 8,104.40.

Crude-oil futures early Friday retreated from their highest levels in about six weeks amid escalating trade tensions. October West Texas Intermediate crude was off 51 cents, or down 0.7%, at $69.74 a barrel. October Brent crude gave up 51 cents, or 0.7%, at $77.51 a barrel.

Lululemon Athletica Inc. raised its full-year revenue and profit projections after once again beating sales forecasts in the second quarter. The company reported 2Q net revenue $723.5 million, compared with $667.4 million of estimated and sees 3Q net revenue $720.0 million to $730.0 million.

About the Author

has written 15964 stories on this site.

Write a Comment

Gravatars are small images that can show your personality. You can get your gravatar for free today!

You must be logged in to post a comment.

Copyright © 2012 Nine Stocks