NEW YORK, NY / ACCESSWIRE / January 13, 2017 / U.S. markets pulled back Thursday after President Trump's news conference failed to give investors clear details on his fiscal spending plans. The Dow Jones Industrial Average and the S&P 500 Index posted declines of 0.32 percent and 0.21 percent, respectively, while the NASDAQ dropped 0.29 percent, breaking its streak of five consecutive record closes.

The President's news conference "failed to provide the much-needed clarity on future fiscal policies," said Lukman Otunuga, a research analyst for FXTM. "The lack of details of the president-elect's administration's plans for economic stimulus simply left dollar bullish investors empty-handed. It seems likely that dollar sensitivity intensifies this month as the renewed Trump uncertainty keeps investors on edge."

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Investor focus will now shift to earnings as Bank of America Corp., J.P. Morgan Chase & Co. and Wells Fargo & Co. kick off earnings season on Friday. Companies in the S&P 500 Index are expected to report a 2.64 percent average earnings growth in the fourth quarter, compared to a 3.20 percent growth in the third quarter, according to data from FactSet. Revenues are expected to increase 4.34 percent in the fourth quarter, compared to an increase of 2.77 percent in the previous quarter.

FuelCell Energy Inc. (NASDAQ: FCEL)

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FuelCell Energy's shares declined 2.56 percent to close at $1.90 a share Thursday. The stock traded between $1.85 and $1.95 on volume of 483,783 shares traded. The company reported total revenues were $24.5 million for the fourth quarter of 2016, compared to $51.5 million in the fourth quarter of 2015. Total revenue backlog was $432.3 million as of October 31, 2016 compared to $381.4 million as of October 31, 2015. FuelCell reported a net loss of $13.7 million, or $0.41 per basic and diluted share, compared to a net loss of $9.7 million or $0.38 per basic and diluted share, for the fourth quarter of 2015.

"We are focused on developing and closing projects as we take near-term actions to reduce spending and our cost structure," commented Chip Bottone, President and Chief Executive Officer, FuelCell Energy, in the company's recent news release.

KB Home (NYSE: KBH)

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KB Home's shares gained 0.30 percent to close at $16.65 a share Thursday. The stock traded between $15.51 and $16.75 on volume of 9.99 million shares traded. The company reported total revenues were $1.19 billion for the fourth quarter of 2016, an increase of 21 percent when compared to a year ago. Net orders for the fourth quarter increased 20 percent year-over-year to 2,254, and net order value grew 27 percent year-over-year to $855.9 million.

"With healthy net order activity in the fourth quarter contributing to our highest backlog value level in 10 years, we are entering 2017 with strong momentum," said Jeffrey Mezger, Chairman, President and Chief Executive Officer.

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