ADVFN - Advanced Financial Network.
HOME» NYSE » B » BBY Stock Price » BBY Stock News

Best Buy Share News

 Best Buy Stock Price
BBY Stock Price
 Best Buy Stock Chart
BBY Stock Chart
 Best Buy Stock News
BBY Stock News
 Best Buy Company Information
BBY Company Information
 Best Buy Stock Trades
BBY Stock Trades

MARKET SNAPSHOT: U.S. Stocks Drop After Fed Minutes

By Kate Gibson, MarketWatch NEW YORK (MarketWatch) -- U.S. stocks furthered their fall Wednesday, with the S&P 500 extending a four-day losing streak, after the Federal Reserve released minutes from its past meeting, with investors failing to find a firmer read on additional stimulus. "I'd say for investors the Fed is largely irrelevant, as what is going on in the U.S. and around the world is a fiscal and not a monetary problem. It has to come from politicians, Congress and the president, and that's true globally. And so the Fed will be in the news today, and for a trader that has impact," said Gary M. Flam, portfolio manager at Bel Air Investment Advisors, drawing a distinction between investing for the longer term versus day trading. The Dow Jones Industrial Average (DJI) fell 90.14 points, or 0.7%, to 12,562.98, with 24 of its 30 components tallying losses. The S&P 500 (SPX) dropped 4.78 points, or 0.8%, to 1,336.69, with technology hardest hit and energy the best performer among the index's 10 sectors. Best Buy Co. (BBY) slid 7.9% after appliance and electronics retailer HHGregg Inc. (HGG) reduced its forecasts. "The earnings season is going to keep this market on edge, and of course the ongoing situation in euro land. We're disappointed by the fact the German high court pushed back the debate on the constitutionality of the stability funds -- that caused a little bit of anxiety in the European markets, although Spain's taking some hard measures is actually a positive," said Peter Cardillo, chief market economist at Rockwell Global Capital. The Nasdaq Composite (RIXF) shed 24.92 points, or 0.9%, to 2,877.41. The recent selloff is "attracting less and less interest with current average volumes down by 6.3% while stocks have fallen by 1.7%," according to Andrew Wilkinson, chief economic strategist at Miller Tabak. Decliners ran just ahead of advancers on the New York Stock Exchange, where 390 million shares traded as of 2:20 p.m. Eastern. "The fact that we have light volume is a negative in the sense [that] we'll have larger gyrations, but, when you size it up, we're stuck in a trading range of 2% to 4% over the next several weeks," said Cardillo.

Stock News for Best Buy (BBY)
DateTimeHeadline
02/27/201416:39:15MARKET SNAPSHOT: U.S. Stock Gains Push S&P 500 To Record
02/27/201413:13:06MARKET SNAPSHOT: U.S. Stocks Rise; S&P 500 Eyes 1,850 Record
02/27/201410:58:13MARKET SNAPSHOT: U.S. Stocks Volatile; Yellen Speaks Before Senate
02/27/201410:20:36MARKET SNAPSHOT: U.S. Stocks Drift Lower; Yellen Speaks Before...
02/27/201409:36:24Hot Stocks: Hot Stocks to Watch
02/24/201405:47:09MARKET SNAPSHOT: U.S. Stock Market Is Starting To Ride A Tech...
02/21/201415:45:13Target, Macy's Among Retailers Reporting Results -- Week Ahead
01/30/201415:50:32Best Buy Canada to Shed 950 Workers
01/21/201413:43:09Secret Service Looks at Texas Arrests for Target Links
01/16/201418:16:03MARKET SNAPSHOT: U.S. Stocks Fall As Best Buy, Citi Results Disappoint
01/16/201416:16:26BOND REPORT: Treasurys Advance After Tepid Inflation Data
01/16/201413:21:15BOND REPORT: Treasurys Advance After Inflation Report
01/16/201410:10:54BOND REPORT: Treasurys Climb On Inflation Report
01/16/201409:35:05US Hot Stocks: Hot Stocks to Watch
01/16/201409:10:15Best Buy Reports Holiday Sales Decline -- Update
01/05/201408:15:47MARKET SNAPSHOT: Stock Market To Find Out If The Fed Made The...
11/29/201310:06:48MARKET SNAPSHOT: U.S. Stocks Rise, On Pace For Monthly Gains
11/26/201311:49:32Moody's Expects U.S. Holiday Retail Sales to Grow Up to 5.5...
11/25/201308:04:46Al's Emporium: Happy Thanksgrabbing!
11/22/201315:49:23Barnes & Noble, H-P, Black Friday Highlight Short Week -- Week...

Best Buy and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad