News Summary: A stock market rally fizzles
- Article by: The Associated Press
- Associated Press
- September 12, 2013 - 4:10 PM
WIN STREAK FIZZLES: The Standard & Poor's 500 index edged down 5 points, or 0.3 percent, to 1,683. That ended a seven-day winning streak, the longest since July.
STRONG SEPTEMBER: The stock market has gotten off to a strong start in September, a stark contrast to August, the worst month since May 2012. The S&P 500 is up 3.1 percent.
MOVERS: Lululemon Athletica lost 5 percent to $65.29 after cutting its forecast for sales and profit this year, due partly to a product recall. Pandora Media climbed 12 percent to $23.97 after naming a new CEO. Men's Wearhouse plunged 12 percent to $34.08 after cutting its full-year profit forecast.
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