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 2014 the year you get RICH!

Latest Headlines

Hollande, Draghi agree on threat of deflation: officialHollande, Draghi agree on threat of deflation: official
PARIS (Reuters) - French President Francois Hollande and European Central Bank chief Mario Draghi agreed on Monday that deflation and weak growth were threatening the European Union`s economy, an offi...
Imperial Tobacco closes $13 billion of loansImperial Tobacco closes $13 billion of loans
LONDON (Reuters) - British cigarette maker Imperial Tobacco has closed loans of about $13 billion to back its acquisition of selected brands and assets from Reynolds American Inc, the lead banks sai...
Algeria's In Amenas gas plant returning to normal after attackAlgeria's In Amenas gas plant returning to normal after attack
OSLO/ALGIERS (Reuters) - A major gas plant in Algeria where 40 employees were killed by Islamist militants last year is returning to normal operations following a big step up in security, one of the...
Why the shale revolution is not about to end: KempWhy the shale revolution is not about to end: Kemp
LONDON (Reuters) - Doubts about the sustainability of the North American oil and gas boom center on rapidly declining output from many shale wells after they are initially drilled. Shale skeptics ...
As aluminum market shifts to deficit, all eyes on China: Andy HomeAs aluminum market shifts to deficit, all eyes on China: Andy Home
LONDON (Reuters) - For the world`s hard-pressed aluminum producers the current outlook is the rosiest in many years. Russian giant UC Rusal, for example, has just returned to profit for the first ...

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.