Stock:
Symbol Lookup
Register | Login My Watchlist | My Account | Logout
History
to View Your Portfolio

Pre Market | Dow Jones | Gold | Newsletters | Learn


Stocks Extend Losses

Thursday, February 7, 2013 1:21 PM
U.S. stocks extended losses by midday trade on Thursday with S&P 500 dragging back to near 1500 mark as sentiment was slightly subdued after mixed U.S. economic data. At last check, the Dow Jones Industrial Average Index fell 0.84% the NASDAQ Composite Index dropped 0.74% while the S&P 500 Index lost 0.70%. Most key S&P 500 sectors traded in red territory with tech and consumer discretionary stocks feeling the maximum brunt. Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) shares slumped nearly 5.50% by midday trade on Thursday after the company following closing bell on Wednesday provided a disappointing outlook on full-year sales, citing rising competition in beverage industry, which is fast becoming ‘matured’, according to Green Mountain’s Chief Executive Brain Kelley. News Corp. (NASDAQ: NWSA) shares edged down nearly 2.5% by last check. The media conglomerate late on Wednesday handed better-than-expected quarterly results but slashed its outlook on full-year  earnings, as several business divisions were expected to underperform, including Fox broadcasting network. Shares of telecommunication technology and solutions provider, Alcatel Lucent SA (ADR) (NYSE: ALU) plunged nearly 6% by midday trade as the beleaguered company swung into annual losses for fiscal 2012. Meanwhile, Alcatel Lucent’s Chief Executive Ben Verwaayen has decided to resign from his post. The board said that Verwaayen will continue to oversee operations until the Company finds his replacement. The decision to quit the Company comes at a time when Alcatel Lucent is finding hard to survive against rising competition. Cigna Corporation (NYSE: CI) shares gained 1.41% by midday trade after the health service company’s quarterly earnings edged past Street’s forecast. The insurer also boosted its guidance for the full-year, thanks to cost control measures and expanding membership base. Professional networking site, LinkedIn Corp. (NYSE: LNKD) is scheduled to report quarterly results. Elsewhere in Europe, mainly all leading benchmark indexes ended lower with Pan European Stoxx 600 ending down0.22%, FTSE 100 plunging 1.06% while DAX inching up 0.13%. Initial jobless claims fell 5,000 to seasonally adjusted 366,000 for the week ended Feb 2 while productivity in the fourth quarter fell 2% at an annual rate, according to the Labor Department.
PRINT

FREE Options Trading Lessons
I'll show you how to unlock HUGE Gains with Options Trading
Let's make 2016 the year you get RICH!

Latest Headlines

Fed's Bullard ties bouts of global volatility to ineffective policyFed's Bullard ties bouts of global volatility to ineffective policy
PALO ALTO, Calif. (Reuters) - St. Louis Federal Reserve President James Bullard on Thursday said that some recent bouts of financial market volatility, including the global stock swoon last August, co...
Leapfrogging the IPO gridlock: Chinese companies get a taste for reverse takeoversLeapfrogging the IPO gridlock: Chinese companies get a taste for reverse takeovers
HONG KONG (Reuters) - Chinese firms looking to jump a massive queue of companies seeking to do initial public offerings (IPOs) and start trading their shares on the Shanghai or Shenzhen markets are in...
Pakistan woos Renault and Nissan in push for auto investmentPakistan woos Renault and Nissan in push for auto investment
ISLAMABAD (Reuters) - Pakistan is wooing foreign car makers like Renault and Nissan with generous import duties, but convincing them to set up factories will be an uphill challenge given fears about t...
Canada's RBC releasing files linked to 'Panama Papers' firm: reportsCanada's RBC releasing files linked to 'Panama Papers' firm: reports
TORONTO (Reuters) - Canada`s biggest bank is handing over to the government names of clients with “relationships or connections” to a Panamanian law firm at the center of a massive leak of offshore fi...
Alberta wildfire may stall Canada's second-quarter growthAlberta wildfire may stall Canada's second-quarter growth
TORONTO (Reuters) - Production cuts in Alberta`s oil sands forced by a raging wildfire may cause Canadian growth to stall in the second quarter, economists warned, predicting this would help keep the ...

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.

{localized={en_US=Terry}, preferredLocale={country=US, language=en}} {localized={en_US=Scott}, preferredLocale={country=US, language=en}}

Terry Scott
CEO of StockMarketWatch

View Profile


Learn the Stock Market

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

Be a Better
Trader, Today
arrow
PreMarket PRO Our New Streaming Realtime Pre-Market Product -- Click Here to Learn More