Opening Bell Report

The markets opened mostly lower as consumer confidence sank to their lowest levels since 2003. The Dow fell 19 points to 12,550 while Nasdaq lost 10 points to 2316.

On the upside

Target (NYSE: TGT) posted slightly higher revenues and lower 4th quarter profits, but the results were ahead of estimates.

Tech stocks were mixed, but an analyst upgrade boosted shares of EMC (NYSE: EMC), Dell (Nasdaq: DELL) and Microsoft (Nasdaq: MSFT).

Electronics retailer RadioShack (NYSE: RSH) posted higher 4th quarter profits citing cost-cutting measures.

On the downside

Shares of Google (Nasdaq: GOOG) fell after a comScore report revealed that the search engine's growth rate for paid clicks slowed.

The Home Depot (NYSE: HD) posted profits that fell versus year-ago levels as the home improvement industry pulled back along with a housing market.

K-Swiss (Nasdaq: KSWS) posted higher revenues and a small profit that missed expectations. Comments from the athletic shoewear maker hinted at marketing challenges.

In the broad market, advancing issues outpaced decliners by a slim margin on the NYSE and by a margin of 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks held steady at 711.

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here