Thursday’s market breadth was roughly even, with widespread selling amongst mid- and small-cap equities offsetting an afternoon rally principally by the Dow Jones Industrial Average. After solid openings, and subsequent pullbacks into the red, the Dow and, to a lesser degree, the S&P 500 strengthened as the day wore on. The former added 35 points on its way to setting yet another all-time closing high, while the latter salvaged a modest gain by the closing bell. The NASDAQ, meanwhile, was unable to turn its fortunes around, and saw the end of its fifteen-day streak of gains.
Shares of The Home Depot (HD) were little changed after the world's largest home-improvement retailer announced fiscal fourth-quarter (ended January 29th) results, updated its outlook, and increased its shareholder return initiatives.
Wal-Mart (WMT) announces better-than-anticipated fiscal fourth-quarter sales and earnings, sending shares modestly higher.