Most game stocks saw relatively little movement Tuesday, though retailers received a healthy boost from a Commerce Department report on February sales. Shares in Electronics Boutique (ELBO) spiked $3.74 a share, closing 9.7 percent higher at $42.21. Gamestop (GME) shares advanced $1.53 to $21.19 at the closing bell--up 7.8 percent.
Take-Two Interactive shares gained 39 cents to close at $40.35, while Midway (MWY) shares finished at $10.54, 15 cents higher. Eidos rose 2 cents to 71 cents, gaining back more of the share value it lost during last week's sharp declines. Shares in Konami were unchanged.
Electronic Arts (ERTS) led Tuesday's losses, its shares down 89 cents to $67.15. Shares in THQ Inc. (THQI) traded 28 cents lower at $29.26, while Vivendi Universal shares (V) declined 12 cents to $31.02. Shares in Atari (ATAR), Activision (ATVI), and Jamdat Mobile (JMDT) were down by pennies each.
In Japan, Nintendo continued the downward trend it began last Thursday, losing another 100 yen (96 cents) to close at 11,320 yen ($108.31). Ubisoft shares fell .12 euros (16 cents) on the Paris Stock Exchange, closing at 31.28 euros ($41.61) Tuesday.
On the broader markets, the Dow Jones Industrial Average declined 42 points to 10,785. The Nasdaq Composite closed 16 points lower at 2,035.20, while the S&P 500 was almost unchanged at 1,206.83.
The US Commerce Department released a report Tuesday saying that American retail sales increased .5 percent in February, largely on the strength of electronics, dining out, gasoline, and clothing, according to Marketwatch. That number fell short of the forecasted .7 percent increase, but sales figures for January and December were boosted to a .8 percent increase.
In the foreign markets...
Technology concerns continued to make news in Asia, where on Friday, Japanese chip firm Advantest slumped after reporting profits 9.3 percent lower than expected. Since Monday's opening, Advantest shares have fallen 4.8 percent. The Nikkei 225 Stock Average, South Korea's Kospi index, Taiwan's Taiex, Hong Kong's Hang Senc, and the Shanghai Composite Index all declined Tuesday. In Europe, the markets inched higher following gains among the region's pharmaceutical companies.