Stock:
Symbol Lookup
Register | Login
...
History
...
...

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 2014 the year you get RICH!

Latest Headlines

Top Herbalife salesman acknowledges high failure rate in videoTop Herbalife salesman acknowledges high failure rate in video
BOSTON (Reuters) - A top Herbalife salesman said that most people who sell the company`s weight loss and nutrition products are doomed to fail, adding fresh grist to accusations by a hedge fund manage...
IMF disburses $1 billion to Pakistan under loan programIMF disburses $1 billion to Pakistan under loan program
WASHINGTON (Reuters) - The International Monetary Fund said on Wednesday it had released a $1.05 billion loan increment to Pakistan as the South Asian country was on track in meeting the conditions of...
Why 1 Analyst Thinks BlackBerry Is In 'Reinvention Mode'Why 1 Analyst Thinks BlackBerry Is In 'Reinvention Mode'
BlackBerry Ltd (NASDAQ: BBRY ) received two Christmas gifts this week: big sales and new money. BlackBerry Classic, the new version of the old BlackBerry handset, had sold out online in North Am...
Barclays' CEO: funds set aside to settle forex probe not enough: reportBarclays' CEO: funds set aside to settle forex probe not enough: report
(Reuters) - The 500 million pounds (US$783.70 million) Barclays PLC <BARC.L> set aside to settle allegations of rigging the foreign exchange market would not be enough, the bank`s Chief Executiv...
Barclays' CEO: funds set aside to settle forex probe not enough: reportBarclays' CEO: funds set aside to settle forex probe not enough: report
(Reuters) - The 500 million pounds (US$783.70 million) Barclays PLC <BARC.L> set aside to settle allegations of rigging the foreign exchange market will not be enough, the bank`s Chief Executive...

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.

Algorithm Based
Trade Signals
arrow
small cap swing trades SmallCaps stocks under $10
Index Signals Index Signals SPY, QQQ, DIA, IWM
options trading Mega Stocks options + stock trade signals
Forex Forex Signals major FX pairs signals