Stocks News Us: Stocks down in early trading; retailers surge

Autoscope Technologies

27/08/2014 15:35

Aug 27 (Reuters) - U.S. stocks are falling in early trading 
on Wednesday, with the S&P 500 slightly off from the 2,000 mark 
it closed above for the first time the previous day. 
    Shares of retailers surged after several companies reported 
beating analysts' expectations for earnings before the bell. 
Arts and crafts retailer Michaels Companies  MIK.O  was among 
the biggest movers, rising 8.5 percent to $16.43 after the 
company reported quarterly losses but better-than-expected sales 
growth. 
    Shares of Tiffany & Company  TIF.N  also gained in early 
morning trading, rising 1.1 percent to $101.89 as the S&P's 
biggest percentage gainer. The luxury jewelry retailer raised 
its full-year profit forecast after seeing demand for its goods 
drive a surge in sales in the last quarter.  ID:nL3N0QX3MX  
    Interest in wearable cameras for law enforcement officers 
continued to drive shares of Image Sensing Systems  ISNS.O  up. 
The stock rose 20 percent to $4.08 in heavy volume, with more 
than 9.9 million shares changing hands in the first half hour of 
trading. 
Index snapshot at 10:35: 
    * S&P 500  .SPX  is falling 1.54 points, 0.08 percent. 
    * Nasdaq Comp  .IXIC  is down 4.24 points, 0.09 percent. 
    * Dow industrials  .DJI  are down 2.71 points, 0.02 percent. 
    * Russell 2000  .TOY  is falling 0.42 points, 0.04 percent. 
    * S&P MidCap  .IDX  is down 1.58 points, 0.11 percent. 
    * S&P SmallCap  .SPCY  is off 0.43 points, 0.06 percent. 
 
 (Reporting by Akane Otani) 
 ((akane.otani@thomsonreuters.com)(Tel: +1 646-223-5209)(Reuters 
Messaging: akane.otani@thomsonreuters.com@reuters.net))