Log in to your IBTimes Account

close
ID
Password

S&P 500 Leaders & Laggards: ICE EDS



By AP
07 February 2008 @ 05:25 pm EST

NEW YORK - Shares of InterContinental Exchange Inc. rose sharply on Thursday and helped send the Standard & Poor's 500 index to a higher close, after JPMorgan Chase & Co. added the stock exchange operator to a list of recommended stocks.

Related Topic

Get stories by e-mail on this topic.

E-mail:

Shares of InterContinental Exchange rose $14.49, or 12.5 percent, to $130.39.

The S&P 500 index rose 10.46 to 1,336.91.

Family Dollar Stores Inc. advanced $2.13, or 11.7 percent, to $20.31. The Matthews, N.C., retailer reported flat sales at stores that have been open for at least one year for January, while Wall Street had expected sales to fall.

Same-store sales is considered a key measurement of retailer health, because it evaluates results at existing locations instead of newly opened ones.

And Big Lots Inc. rose $1.64, or 10.8 percent, to $16.80. The discount retailer said its same-store sales were down slightly for January, as it had predicted.

On the losing side, Electronic Data Systems Corp. retreated $1.71, or 8.7 percent, to $17.90. The loss of a main customer weighed down quarterly profit by 13 percent for the operator of corporate computer systems.

Prudential Financial Inc. declined $6.01, or 7.8 percent, to $71.39 and set a 52-week low of $69.05. Quarterly earnings fell 11 percent on lower profits in its investment and international segments.

JDS Uniphase Corp. lost 68 cents, or 5.3 percent, to $12.12, giving back some of Wednesday's gains, when the communications test and fiber-optic network equipment maker reported a fiscal second-quarter profit and had at least two analysts upgrade the stock.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

    Click!
  • Rate this article:

Comments

Post Your Comment

You must be an IBTimes member to post a comment. Login | Register


advertisement
More Industries
For General Motors Corp. to acquire Chrysler LLC and all of its warts, GM would have to get desperately needed cash as part of the deal. Lots of it, acco...
May 7, 1998: Stuttgart, Germany-based Daimler-Benz, the maker of the upscale Mercedes Benz, announces a $36 billion merger with Chrysler. The new company...
General Motors Corp. and Chrysler LLC at a glance: GENERAL MOTORS CORP.

Advertisement
Corporate Website Design

Professional Website Design For Corporate - Get a Free Quote Today

advertisement
 
IBTimes.com Web
Partners
International Business Times© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives