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

Pre Market | Dow Jones | Gold | Newsletters | Learn


Stocks Extend Losses

Thursday, June 20, 2013 11:53 AM
U.S. stocks traded sharply lower, across-the-board by mid-day trade on Thursday, tracking rout in global equity, commodity and bullion markets as market participants are edgy after the Fed indicated at possible pullback of the bond purchase program by the year-end, raising concerns that it could decelerate the momentum of the U.S. economy. At last check, the DJIA plunged 1.50%; the NASDAQ Composite Index tumbled 1.59% while the S&P 500 Index slumped 1.67%. On the U.S. economic data front, existing home sales rose more-than-expected. A data provided by the National Association of Realtors showed that existing home sales climbed 4.2% in May to an annual rate of 5.18 million units. Economists expected existing home sales to rise at an annual rate of 5.00 million units. This was the highest level in preceding three and half years. According to the Philadelphia Federal Reserve, factory activity in the mid-Atlantic region picked up in June as the index climbed to 12.5 from negative 5.2 in the previous month. Economists expected the reading at negative 2. A reading exceeding zero signifies expansion in manufacturing activities. Weekly initial jobless claims rose 18,000 to a seasonally adjusted 354,000 for the last week, the U.S. Labor Department said. Economists expected weekly jobless claims climbing to 340,000. Shares of Wright Medical Group Inc. (NASDAQ: WMGI) rallied on Thursday. Wright Medical announced on Wednesday that it has entered in a definitive agreement with MicroPort Medical B.V., under which MicroPort Scientific Corp, the latter’s subsidiary will acquire the former’s OrthoRecon business in deal estimated at $290 million. The deal is expected to close by the end of the third quarter or at the start of the fourth quarter of 2013, subject to regulatory and MicroPort’s shareholders’ approval. Citi reaffirmed “buy” rating on ConAgra Foods Inc. (NYSE: CAG) and has a price target of $41. The firm also added the stock in its “Top Picks” List; shares however edged lower.
PRINT

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

New Honda CEO says no plans to help air bag firm Takata fund global recallsNew Honda CEO says no plans to help air bag firm Takata fund global recalls
TOKYO (Reuters) - Honda Motor Co`s <7267.T> new chief executive said the Japanese automaker has no plans for now to provide financial aid to Takata Corp <7312.T>, the air bag supplier at...
BOJ keeps rosy view of regional Japan, watching markets after Greek upsetBOJ keeps rosy view of regional Japan, watching markets after Greek upset
TOKYO (Reuters) - The Bank of Japan on Monday maintained its upbeat assessment on regional sectors of the economy, saying they are recovering thanks to a pick-up in output and tightening job markets...
Chinese stocks rise after Beijing unleashes emergency supportChinese stocks rise after Beijing unleashes emergency support
SHANGHAI (Reuters) - Chinese stocks rose on Monday after Beijing unleashed an unprecedented series of support measures over the weekend to stave off the prospect of a full-blown crash that was threa...
China state media see a 'rainbow' after latest steps to stabilize slumping stocks China state media see a 'rainbow' after latest steps to stabilize slumping stocks
SHANGHAI (Reuters) - China`s state media expressed confidence on Monday that an unprecedented flurry of support measures announced over the weekend would stabilize the country`s slumping stock market....
Japan policymakers pledge to temper potential market volatility after Greek upsetJapan policymakers pledge to temper potential market volatility after Greek upset
TOKYO (Reuters) - Japanese policymakers on Monday pledged to work closely to guard against financial market volatility after Greek voters rejected euro zone austerity measures. "The direct economi...

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.