Stocks ended a jumpy day little changed as financials weighed on the S&P 500 and Nike (NKE) and Disney (DIS) hoisted the Dow Jones Industrial Average higher for most of the day. Crude slumped to its lowest level in almost a week. Caterpillar (CAT) was the best performer on the Dow after posting a smaller drop in sales over the three months to February. The heavy machinery maker reported a 1% decline, its smallest since the end of 2012. Movado (MOV) jumped even after missing profit and sales estimates over its fourth quarter. Sales fell nearly 9%, while net income missed consensus by a penny. Full-year earnings guidance also came in on the weak side. Tiffany (TIF) rose after William Blair analysts upgraded their rating to OUTPERFORM from MARKET PERFORM. The firm said the retailer's business had stabilized.
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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.