Saturday, May 31, 2014

U.S Market Update : Epic Research Singapore

U.S. stocks in May posted the biggest monthly gains since February, with the S&P 500 and Dow Jones Industrial Average finishing the month at records.

The Dow DJIA +0.11%  rose 18.4 points, or 0.1%, to 16,717.17.
The Nasdaq COMP -0.13%   fell 5.3 points, or 0.1%, to 4,242.62.

Big Lots Inc. BIG -0.01%   surged 13% after the retailer raised its outlook for the current fiscal year, while first-quarter revenue beat expectations.

Ann Inc. ANN +0.03%   rose 4% after the apparel retailer reported first-quarter adjusted profit that slightly beat Wall Street forecasts.

Express Inc. EXPR -0.08%   shares tumbled 7.5% after the retailer posted a fall in first-quarter profit.

Apple Inc. AAPL +0.04%   shares were down 0.4%. Goldman Sachs raised its price target on the stock to $720 from $635. 

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