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

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 2016 the year you get RICH!

Latest Headlines

Twitter shares slump to all-time low as user growth stallsTwitter shares slump to all-time low as user growth stalls
(Reuters) - Shares of social media website Twitter Inc hit an all-time low on Thursday after the company said late Wednesday that user growth stalled for the first time since the company went public i...
Reduced expectations of Fed hike shift bond strategy: BlackRockReduced expectations of Fed hike shift bond strategy: BlackRock
NEW YORK (Reuters) - BlackRock Inc`s chief strategist for fixed income said on Thursday his unit is shifting its approach to bond markets on new expectations that the U.S. Federal Reserve may need t...
What's behind the global stock market selloff?What's behind the global stock market selloff?
NEW YORK (Reuters) - Global stock markets are on their shakiest footing in years. Investors are fleeing stocks and running to safe-havens like bonds and gold, driven by concerns about economic gro...
Tesla Shares Rev Up With Analyst ConfidenceTesla Shares Rev Up With Analyst Confidence
Tesla Motors Inc (NASDAQ: TSLA ) shares continued to spike on Thursday following investor confidence off the company’s increased deliveries guidance for the first quarter of 2016. The company fell s...
Gold surges to one-year high on financial uncertainty fearsGold surges to one-year high on financial uncertainty fears
LONDON (Reuters) - Gold surged more than 4 percent on Thursday to its highest in a year as fears about financial uncertainty, a lower dollar and U.S. Treasury yields persuaded investors to seek refu...

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