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U.S. Stocks Slide On Fed Minutes, Greece; Hot Stocks: JCP, ANF, LM, DE, SPLS, CHS
By: iStockAnalyst   Wednesday, May 16, 2012 4:39 PM
Symbols: ANF, CHS, DE, JCP, LM, SPLS
(NYSE:LM) gained 7.46 percent after the asset manager announced plans to buy back $1.25 billion in debt and its board approved $1 billion for stock repurchases.

Deere & Co. (NYSE:DE) fell 3.18 percent following the farm equipment maker's quarterly results. EPS was $2.61 on revenue of $10 billion, while analysts' expected EPS of $2.53 on revenue of $9.70 billion.

Staples Inc. (NASDAQ:SPLS) declined 5.69 percent after the company posted a 6 percent decline in first quarter earnings. Sales fell 1 percent to $6.10 billion, missing consensus of $6.19 billion.

Chico's FAS Inc. (NYSE:CHS) rose 3.75 percent after the company quarterly results exceeded Wall Street's expectations as higher comparable sales, increase in square footage and the inclusion of Boston Proper drove the results.

Global Markets:

The European markets ended on a mixed note. Germany's DAX shed 0.26 percent to finish at 6,384.26. France's CAC40 added 0.31 percent to close at 3,048.67. U.K.'s FTSE 100 fell 0.60 percent to end at 5,405.25.
Asian markets ended lower. The Shanghai Composite Index fell 1.20 percent to end at 2,346.25. Hong Kong's Hang Seng tumbled 3.19 percent to close at 19,259.83. Japan's Nikkei 225 shed 1.12 percent to close at 8,801.17. India's BSE Sensex finished at 16,030.09, down 1.83 percent.

Commodity & Currency Scan:

Crude oil futures lost 1.22 percent to $92.83 per barrel, while natural gas futures gained 5.24 percent to $2.631 per million metric British thermal units. Gold futures declined 1.08 percent to $1,540.3 per ounce, and silver fell 3.33 percent to $27.145 per ounce.
In the currency market, the euro dipped 0.13 percent against the U.S. dollar to $1.2712. The British pound declined 0.53 percent against the greenback to 1.5900, and the dollar advanced 0.12 percent against the Japanese yen to 80.2900.

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