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REFILE-US STOCKS-Market dips; airlines fall on security worries
Mon, 28th Dec 2009 20:32
By Caroline Valetkevitch
NEW YORK, Dec 28 (Reuters) - U.S. stocks dipped on Monday
as airline shares faltered amid security worries, while losses
were limited by retail shopping data indicating improved
consumer spending.
Airline stocks fell as the United States tightened airline
security after a Nigerian man was charged with smuggling
explosives aboard a trans-Atlantic flight and attempting to
blow up the plane. For details, see AMR Corp , the parent of American Airlines, lost 5.9 percent to
$7.66.
On Monday afternoon, Al Qaeda's regional wing said it was
behind the failed Christmas Day attack, according to a Web
statement.
'The airlines security concerns from the weekend certainly
added a little heightened anxiety,' said Micheal James, senior
trader at Wedbush Morgan in Los Angeles.
James also said traders were locking in profits with many
investors absent from Wall Street over the holiday period.
On the store front, sales at U.S. retailers rose 3.6
percent for the period from Nov. 1 to Christmas Eve, but
gained only 1 percent when an extra shopping day this year was
excluded, data from MasterCard Advisors unit SpendingPulse
showed.
Macy's Inc climbed 1.7 percent to $17.86 and the S&P
Retail index added 0.2 percent.
The Dow Jones industrial average was down 6.20
points, or 0.06 percent, at 10,513.90. The Standard & Poor's
500 Index was down 1.93 points, or 0.17 percent, at
1,124.55. The Nasdaq Composite Index was down 1.37
points, or 0.06 percent, at 2,284.32.
Delta Air Lines Inc dropped 5.4 percent to $11.14.
The NYSE Arca Airline index shed 2.7 percent.
Analysts said volume was light, with many participants off
for the Christmas and New Year's holidays. The S&P 500 is up
nearly 25 percent for the year, and investors are carefully
placing bets to make sure they don't erode profits.
Even with light volume, the market seems to holding
ground, said Tim Smalls, head of U.S. stock trading at
brokerage firm Execution LLC in Greenwich, Connecticut.
'Historically the last two weeks are strong, with this week
being stronger than last week,' he said.
Amazon.com Inc rose 0.7 percent to $139.40 after
it said customers bought more e-books than physical books for
the first time ever on Christmas Day.
Energy shares rose with oil prices. U.S. oil futures rose 72 cents to $78.77 a barrel. Energy shares gained
in sync with oil prices. The PHLX Oil Service index
advanced 0.3 percent.
(Reporting by Caroline Valetkevitch; Editing by Jan Paschal)
((caroline.valetkevitch@thomsonreuters.com; +1 646 223 6393;
Reuters
Messaging:caroline.valetkevitch.reuters.com@reuters.net))
Keywords: MARKETS STOCKS ============================================================== To access running updates on what's moving U.S. stocks double click on ============================================================== For other U.S. market data and news, click on codes in brackets: U.S. Equities speed guide........................ S&P 500 index ........................................ Dow Jones industrial average.......................... Nasdaq Composite index............................... Nasdaq 100............................................ Russell 2000 small cap................................ S&P major sectors.............................. NYSE most active..................................... Nasdaq most active................................... Top NYSE pct gainers................................. Top NYSE pct losers.................................. Top Nasdaq pct gainers............................... Top Nasdaq pct losers................................ 52 week highs: NYSE............... Nasdaq.............. 52 week lows: NYSE............... Nasdaq.............. Main global stock indexes and market reports: FTSE Eurotop 300 ..... European report ....... Nikkei 225............. Tokyo report............ FTSE 100............... London report........... Xetra DAX............. Frankfurt market stories CAC-40................. Paris market stories... World Indices..................................... Reuters survey of world bourse outlook......... U.S. IPO diary........................................ U.S. Asset Allocation Table....................... More Reuters News on equities at a glance: Equities ............ US company news......... Key non-equities market reports: Foreign exchange...................................... Oil.................................................... US Treasuries......................................... International bonds................................... Gold....................................... or CRB index of commodity futures........................ Keywords: MARKETS STOCKS =2
(Multimedia versions of Reuters Top News are now available for: * 3000 Xtra: visit http://topnews.session.rservices.com * BridgeStation: view story .134 For more information on Top News: http://topnews.reuters.com)
COPYRIGHT
Copyright Thomson Reuters 2009. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
NEW YORK, Dec 28 (Reuters) - U.S. stocks dipped on Monday
as airline shares faltered amid security worries, while losses
were limited by retail shopping data indicating improved
consumer spending.
Airline stocks fell as the United States tightened airline
security after a Nigerian man was charged with smuggling
explosives aboard a trans-Atlantic flight and attempting to
blow up the plane. For details, see AMR Corp , the parent of American Airlines, lost 5.9 percent to
$7.66.
On Monday afternoon, Al Qaeda's regional wing said it was
behind the failed Christmas Day attack, according to a Web
statement.
'The airlines security concerns from the weekend certainly
added a little heightened anxiety,' said Micheal James, senior
trader at Wedbush Morgan in Los Angeles.
James also said traders were locking in profits with many
investors absent from Wall Street over the holiday period.
On the store front, sales at U.S. retailers rose 3.6
percent for the period from Nov. 1 to Christmas Eve, but
gained only 1 percent when an extra shopping day this year was
excluded, data from MasterCard Advisors unit SpendingPulse
showed.
Macy's Inc climbed 1.7 percent to $17.86 and the S&P
Retail index added 0.2 percent.
The Dow Jones industrial average was down 6.20
points, or 0.06 percent, at 10,513.90. The Standard & Poor's
500 Index was down 1.93 points, or 0.17 percent, at
1,124.55. The Nasdaq Composite Index was down 1.37
points, or 0.06 percent, at 2,284.32.
Delta Air Lines Inc dropped 5.4 percent to $11.14.
The NYSE Arca Airline index shed 2.7 percent.
Analysts said volume was light, with many participants off
for the Christmas and New Year's holidays. The S&P 500 is up
nearly 25 percent for the year, and investors are carefully
placing bets to make sure they don't erode profits.
Even with light volume, the market seems to holding
ground, said Tim Smalls, head of U.S. stock trading at
brokerage firm Execution LLC in Greenwich, Connecticut.
'Historically the last two weeks are strong, with this week
being stronger than last week,' he said.
Amazon.com Inc rose 0.7 percent to $139.40 after
it said customers bought more e-books than physical books for
the first time ever on Christmas Day.
Energy shares rose with oil prices. U.S. oil futures rose 72 cents to $78.77 a barrel. Energy shares gained
in sync with oil prices. The PHLX Oil Service index
advanced 0.3 percent.
(Reporting by Caroline Valetkevitch; Editing by Jan Paschal)
((caroline.valetkevitch@thomsonreuters.com; +1 646 223 6393;
Reuters
Messaging:caroline.valetkevitch.reuters.com@reuters.net))
Keywords: MARKETS STOCKS ============================================================== To access running updates on what's moving U.S. stocks double click on ============================================================== For other U.S. market data and news, click on codes in brackets: U.S. Equities speed guide........................ S&P 500 index ........................................ Dow Jones industrial average.......................... Nasdaq Composite index............................... Nasdaq 100............................................ Russell 2000 small cap................................ S&P major sectors.............................. NYSE most active..................................... Nasdaq most active................................... Top NYSE pct gainers................................. Top NYSE pct losers.................................. Top Nasdaq pct gainers............................... Top Nasdaq pct losers................................ 52 week highs: NYSE............... Nasdaq.............. 52 week lows: NYSE............... Nasdaq.............. Main global stock indexes and market reports: FTSE Eurotop 300 ..... European report ....... Nikkei 225............. Tokyo report............ FTSE 100............... London report........... Xetra DAX............. Frankfurt market stories CAC-40................. Paris market stories... World Indices..................................... Reuters survey of world bourse outlook......... U.S. IPO diary........................................ U.S. Asset Allocation Table....................... More Reuters News on equities at a glance: Equities ............ US company news......... Key non-equities market reports: Foreign exchange...................................... Oil.................................................... US Treasuries......................................... International bonds................................... Gold....................................... or CRB index of commodity futures........................ Keywords: MARKETS STOCKS =2
(Multimedia versions of Reuters Top News are now available for: * 3000 Xtra: visit http://topnews.session.rservices.com * BridgeStation: view story .134 For more information on Top News: http://topnews.reuters.com)
COPYRIGHT
Copyright Thomson Reuters 2009. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
