The U.S. stock market fell today in morning trading, dragged down by energy and health care stocks.
Shares of Bed Bath & Beyond Inc. (BBBY, Financial) fell after the company posted first quarter earnings per share of 38 cents on revenue of $2.75 million, representing a 0.4% year-over-year increase. The company managed to beat earnings estimates by 6 cents.
Comparable sales decreased by 0.6%, despite including strong sales growth from customer-facing digital channels.Â
The board of directors declared a quarterly dividend of 16 cents per share. Also, the company repurchased approximately $22 million of its common stock, representing approximately 1.2 million shares.
Gainers
• SCANA Corp. (SCG, Financial)
• Verizon Communications Inc. (VZ, Financial)
• EQT Corp. (EQT, Financial)
• Altria Group Inc. (MO, Financial)
Losers
• CVS Health Corp. (CVS, Financial)
• Cardinal Health Inc. (CAH, Financial)
• Chipotle Mexican Grill Inc. (CMG, Financial)
• Mattel Inc. (MAT, Financial)
• Cigna Corp. (CI, Financial)
Global markets
The main European stock markets traded in the red. The U.K.'s FTSE fell 0.54%, France's CAC retreated 1.36%, Spain's Ibex lost 1.05% and Germany's Dax closed down 1.84%.
In Asia, markets closed mixed. Japan's Nikkei fell 0.01%, India’s BSE Sensex lost 0.51%, Hong Kong's Hang Seng advanced 0.50% and China's Shanghai slid 0.93%.
Disclosure: The author holds no position in any stocks mentioned.
