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

Pre Market | Dow Jones | Gold | Newsletters | Learn


Stocks Gain in Early Trade

Thursday, June 27, 2013 9:42 AM
U.S. stocks edged higher in early trading as market sentiment was bolstered by solid economic data. At last check, the DJIA climbed 0.73%; the NASDAQ Composite Index gained 0.63% while the S&P 500 Index advanced 0.65%. Weekly jobless claims fell for the week ended 22 to a seasonally adjusted 346,000 from 354,000, in the previous week, said the U.S. Labor Department. Economists surveyed by Reuters expected first time claims falling to seasonally adjusted 345,000. According to the Commerce Department, personal income rose 0.5% in May compared to economists’ expectation for 0.2% gains. Spending in the same period rose 0.3%, which was in-line with economists’ expectation. Spices and flavored products maker, McCormick & Company Inc. (NYSE: MKC) reported fiscal second quarter results earlier today, which matched Street’s estimates; however, the Company slashed its full-year outlook due to weakness in industrial markets. Shares of ConAgra Foods Inc. (NYSE: CAG) gained in early trade after the food manufacturer, posted better-than-expected earnings for the fiscal fourth quarter while revenue was mainly in-line with expectation. The Company said that its earnings were boosted by Ralcorp’s acquisition. Shares of KB Home (NYSE: KBH) climbed in early trade after the homebuilder reported less-than-feared quarterly loss while revenue exceeded analysts’ estimate. In China, industrial profits climbed 15% in May, YOY, allaying concerns that the world’s second largest economy was beginning to lose its momentum. The Shanghai Composite Index ended mainly flat but Hang Seng gained 0.50% on Thursday. Japan’s Nikkei 225 rallied almost 3%. Elsewhere in Europe, equities pared initial losses to turn higher with pan European Stoxx 600 up 0.28%, FTSE 100 gaining 0.90% while DAX edging up 0.32%, at last check.  
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

Egypt says over 50 percent of conference promises turned into projectsEgypt says over 50 percent of conference promises turned into projects
CAIRO (Reuters) - Egypt has turned more than 50 percent of initial agreements signed at an investor conference in Sharm El Sheikh in March into investment projects, the planning minister said on Satur...
Greece may seek up to 24 billion euros in first new aid tranche - paperGreece may seek up to 24 billion euros in first new aid tranche - paper
ATHENS (Reuters) - Greece may seek 24 billion euros (16 billion British pounds) in a first tranche of bailout aid from international lenders in August to prop up its banks and repay debts falling due ...
E&Y Japan arm launches internal probe of Toshiba auditE&Y Japan arm launches internal probe of Toshiba audit
TOKYO (Reuters) - The Japanese affiliate of Ernst & Young LLC has launched an in-house investigation into its audit of Toshiba Corp <6502.T> in the wake of the electronics maker`s $1.2 billi...
China July factory growth unexpectedly stalls - official PMI surveyChina July factory growth unexpectedly stalls - official PMI survey
BEIJING (Reuters) - Growth at China`s big manufacturing companies unexpectedly stalled in July as demand at home and abroad weakened, an official survey showed on Saturday, reinforcing views that ...
China official manufacturing PMI falls to 50.0 in July, below forecastsChina official manufacturing PMI falls to 50.0 in July, below forecasts
SHANGHAI (Reuters) - Growth in China`s vast manufacturing sector stalled in July, missing market expectations for slight growth, an official survey showed on Saturday. The official Purchasing Manage...

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.