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Stocks shed gains after bomb scare

Tuesday, November 17, 2015 - 01:14

Stocks gave back earlier gains on Tuesday after a soccer game in Germany was called off on fears of a planned bombing. Bobbi Rebell reports.

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Stocks got an early lift on Tuesday after some retailers' results, including Wal-Mart, TJX and Home Depot, surprised to the upside, calming fears of a retail slowdown. But those gains were largely erased on a report of a bomb threat at a soccer match in Germany. Greywolf Execution Partners' Mark Newton says investors should brace for continued unpredictability: SOUNDBITE: MARK NEWTON, CHIEF TECHNICAL ANALYST, GREYWOLF EXECUTION PARTNERS IN (ENGLISH) SAYING: "My thinking is, we probably gonna see greater amounts of consolidation and potential volatility until Thanksgiving, and, after that, we could, probably, see more of a bounce." A mixed view on the U.S. economy. Consumer prices edged up in October after two months of declines. But industrial production fell for the second straight month in October. And homebuilder sentiment dipped more than expected in November. Urban Outfitters and Dick's Sporting Goods stocks took big hits a day after they each reported disappointing results. Dietary supplement makers dropping dramatically after several federal agencies, including the Department of Justice, said they would announce criminal and civil actions related to unlawful advertising and sales of their products. European shares rose sharply on increasing expectations that the European Central Bank will provide more economic stimulus.

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Stocks shed gains after bomb scare

Tuesday, November 17, 2015 - 01:14