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Stocks ended mixed near multiyear highs today as investors weighed improved U.S. jobs data against fresh economic troubles in Europe and Japan.
The Nasdaq and the S&P 500 each rose 0.1%, while the Dow Jones industrial average dipped 0.1%. Volume in the stock market today was higher on both major exchanges, according to preliminary data.
The S&P is closing in on its all-time high of 1,565.15 set in October 2007.
Hertz Global Holdings (HTZ) soared 7% to a new high in heavy volume after rival Avis (CAR) posted better-than-expected Q4 revenue. Hertz is now 30% past a 15.27 buy point in double-bottom base. Avis reversed higher, climbing 5% in strong turnover to a new high.
Skechers USA (SKX) gapped up and surged 12% after a blow-out earnings report late Wednesday. The shoe retailer earned 8 cents a share in the fourth quarter vs. a year-ago loss of $1.18 a share. It beat expectations by a nickel. Sales, which also topped views, climbed 40% to $395.6 million. The stock cleared a 20.34 buy point from a slightly low handle.
SodaStream International (SODA) climbed 3% in fast trade. It's 3% past a 50.08 buy point from a three-weeks tight pattern. SodaStream, along with partner Samsung, unveiled a refrigerator with a built-in carbonation system. The four-door fridge has a price tag of almost $3,900.
On Assignment (ASGN) was little changed ahead of its fourth-quarter earnings. But after the close, the provider of staffing services missed profit estimates, and the stock was down in extended trading.
In economic news, initial jobless claims fell more than expected last week while gross domestic product in the euro zone and in Japan shrank in the most recent quarter. U.S. industrial production and consumer sentiment data are scheduled for Friday.
Companies due to report earnings Friday include IPG Photonics (IPGP), Forum Energy Technology (FET) and TRW Automotive (TRW).
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