Symbol Lookup
Register | Login

Pre Market | Dow Jones | Gold | Newsletters | Learn

Dow Jones Advances Led By IBM, S&P 500 Fluctuates Between Gains and Losses

Wednesday, January 23, 2013 1:15 PM
U.S. stocks traded mixed by midday trade on Wednesday as investors weighed avalanche of reasonable fiscal fourth-quarter earnings reports  from most of the Wall Street heavy weights  with  spotlight remaining on Apple Inc.’s (NASDAQ: AAPL) results, scheduled to be released after the closing bell. At last check, the Dow Jones Industrial Average Index gained 0.42%; the Nasdaq Composite Index added 0.29% while the S&P 500 Index inched down 0.01%. While S&P 500 Index continued to sway between green and red territory, the Dow Jones continued its rally on Wednesday, led by International Business Machines Corp. (NYSE: IBM) and Microsoft Corp. (NASDAQ: MSFT). A data provided by Thomson Reuters shows that DJIA has gained more than 5 percent in first three weeks of 2013-- very close to its best January performance in 1997 when the index settled 5.7% higher. Google Inc. (NASDAQ: GOOG) shares continued to advance after the tech giant, late on Tuesday, reported better than expected revenue growth in its ‘core’ internet business. Ad- rates on mobile computing also showed marked improvement. At least 12 brokerage firms have boosted their price target on the stock, according to Thomson Reuters. Shares of IBM gained on Wednesday after the company’s fiscal fourth results, announced late on Tuesday, edged past Street’s estimates. Apple is slated to report quarterly results after the closing bell. Advanced Micro Devices (NYSE: AMD) shares rallied on Wednesday after the chip maker and microprocessor manufacturer reported narrower than expected losses in the fiscal fourth-quarter thanks to  restructuring measures that have been undertaken. Texas Instruments Inc. (NASDAQ: TXN) shares edged lower on Wednesday. Although the company late on Tuesday reported better-than-expected fiscal fourth quarter results, it provided a very gloomy outlook on revenue for the fiscal first quarter of 2013. Elsewhere in Europe, equities ended mixed with France’s CAC and Spain’s Ibex 35 ending lower. The Stoxx 600 Index gained 0.19%, FTSE 100 edged up 0.30% while Germany’s DAX added 0.15% for the day.    

FREE Options Trading Lessons
I'll show you how to unlock HUGE Gains with Options Trading
Let's make 2015 the year you get RICH!

Latest Headlines

Shell CEO sees first signs of oil price recoveryShell CEO sees first signs of oil price recovery
LONDON (Reuters) - Oil markets are beginning to recover but the scale of global oversupply means prices may only rise slowly, the chief executive of Royal Dutch Shell Plc <RDSa.L> said on Tuesda...
Exclusive - AirAsia sounding out investors to take company private: sourcesExclusive - AirAsia sounding out investors to take company private: sources
SINGAPORE (Reuters) - Founders of Asia`s No.1 budget carrier AirAsia Bhd are sounding out investors to take the company private in a management-led buyout, after its shares took a beating this year fo...
Mercedes-Benz September sales lifted by 53 percent jump in ChinaMercedes-Benz September sales lifted by 53 percent jump in China
FRANKFURT (Reuters) - Daimler`s Mercedes-Benz luxury division increased deliveries by 15.8 percent in September to a record 188,444 cars, buoyed by a 53 percent jump in deliveries in China. Nine-mon...
L&G chief executive calls for flat UK pension tax rateL&G chief executive calls for flat UK pension tax rate
LONDON (Reuters) - British insurer Legal & General <LGEN.L> chief executive Nigel Wilson on Tuesday called for a flat UK pension tax rate of 20 percent, in response to a government consultat...
UK car registrations up in September, diesel sales strong - SMMT UK car registrations up in September, diesel sales strong - SMMT
LONDON (Reuters) - British new car registrations rose by nearly 9 percent in September compared with the same month last year and overall demand for diesel vehicles remained strong despite Volkswagen`...

Loading Headlines...

Stock Market

Track the stock market today with the latest news and information on all things investing! Watch your stocks perform throughout the day and watch the breaking stock market news.

Feedback | disclaimer | privacy policy

Stock Market News

The Stock Market is ever changing. Keep up on your stock market news.

Stock Market Newsletters

Read up on your favorite stock market newsletters.

Learn the Stock Market

Sharper your stock trading skills with our stock market education section.