Mid-Morning Market Update: Markets Open Lower; Lululemon Lowers Q4 Outlook
January 13, 2014 at 10:39 AM EST
Following the market opening Monday, the Dow traded down 0.13 percent to 16,416.05 while the NASDAQ tumbled 0.13 percent to 4,169.07. The S&P also fell, dropping 0.10 percent to 1,840.61. Top Headline Lululemon Athletica (NASDAQ: LULU ) lowered its guidance for the quarter. Lululemon now projects FQ4 earnings of $0.71 to