Investing

Today's Market Winners and Losers

The stock market is up Tuesday, with the Dow Jones Industrial Average up 0.30%, the Nasdaq up 0.23% and the S&P 500 up 0.38%. Today’s winners are all office-supply store chains that are trending upward due to merger talks. Today’s losers are a search engine company and an Internet service provider that reported lackluster fourth-quarter financials.

These are Tuesday’s market winners and losers.

Biggest Winners

Shares of OfficeMax Inc. (NYSE: OMX) are up 26.93% to $13.65 on trading volume of 5.8 million shares. Reports have surfaced that the company is in advanced merger talks with rival Office Depot Inc. (NYSE: ODP), and a deal could be announced as early as this week. Before Tuesday, the 52-week high was $26.70. In addition, shares of Office Depot are up 14.60% to $5.26 on trading volume of 31.5 million shares. Before Tuesday, the 52-week high was $4.87.

Shares of Staples Inc. (NASDAQ: SPLS) are up 13.44% to $14.69 on trading volume of 27.9 million shares. The company shares rose following the news that its rivals, OfficeMax and Office Depot, were engaged in advanced stage merger talks. The 52-week high is $16.93.

Biggest Losers

Shares of Yandex N.V. (NASDAQ: YNDX) are down 11.25% to $22.71 on trading volume of 4.2 million shares. The Russian Internet search engine firm’s fourth-quarter net income of about $89.4 million was below Wall St. estimates of about $98.3 million. The 52-week low is $16.65.

Shares of EarthLink Inc. (NASDAQ: ELNK) are down 10.97% to $6.17 on trading volume of 1.7 million shares. The Internet service provider essentially broke even in the fourth quarter, while Wall St. expected a profit of a penny a share. The 52-week low is $5.94.

Follow Samuel on Twitter: SWeigley

The #1 Thing to Do Before You Claim Social Security (Sponsor)

Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.

A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.

Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.

 

Have questions about retirement or personal finance? Email us at [email protected]!

By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.

By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.