Expedia (EXPE) was the best performer on the S&P 500 after selling its 62.4% stake in Chinese travel agency eLong to a group of buyers including Ctrip.com (CTRP). Ctrip shares were on the move, jumping higher following the $671 million deal. Ross Stores (ROST) was the worst performer on the S&P 500 after guiding for second-quarter profit below analysts’ estimates. Salesforce (CRM) saw a small late-afternoon kick after reports of further alleged details on a failed bid by Microsoft (MSFT). It was a quiet end to the week with stocks little changed heading into the Memorial Day long weekend. TheStreet's Keris Lahiff reports from New York.
More from Video
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.
Breaking down an approach to the long side of this biotech stock.