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

Pre Market | Dow Jones | Gold | Newsletters | Learn


Stocks Gain in Early Trading as Alcoa Results Boosts Risk Appetite

Wednesday, January 9, 2013 11:23 AM
U.S. stocks edged higher during early trade on Wednesday as investors’ risk appetite was boosted after aluminum giant Alcoa Inc. (NYSE: AA) raised its outlook on global aluminum demand in 2013 even as its earnings for the fourth quarter were in line with Street’s expectation. At last check, the Dow Jones Industrial Average Index gained 0.58%; the Nasdaq Composite Index edged up 0.43 %while the S&P 500 moved up Index 0.46% Shares of Clearwire Corporation (NASDAQ: CLWR) rallied on Wednesday after DISH Network (NASDAQ: DISH) offered the carrier $2.28 billion in takeover bid, surpassing Sprint Nextel’s (NYSE: S) earlier offer of $2.2 billion. At present Sprint Nextel holds 50% stake in Clearwire. Shares of Apollo Group (NASDAQ: APOL) slumped in early trade after for-profit education service provider projected a weaker than expected outlook for fiscal 2013, following closing bell on Tuesday. However, fiscal first quarter results bettered Street’s expectations. Facebook (NASDAQ: FB) shares gained after the social networking giant sent press event invitation for next week at its Menlo Park Campus, leading to a speculation that either the company can unveil a phone or talk about search engine. In Europe, all leading benchmark indexes held strong gains on Wednesday as disappointing German economic data was offset by Alcoa’s upbeat outlook. At last check, the Pan European Stoxx 600 Index gained 0.54%, the FTSE 100 climbed 0.77% while Spain’s Ibex 35 leaped 1.30%. On Thursday, the Euroepan Central Bank (ECB) is scheduled to hold its policy rate meeting. Speculation is rife that the ECB will keep benchmark interest rate unchanged. Germany’s industrial production grew at 0.2 percent in November even as economists were expecting 1 percent growth. On U.S. economic data front, a data provided by the Mortgage Bankers Association showed that Weekly mortgage applications rose last week, ending declining trend of last three weeks.
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!
Wunderlich Securities Has Good Outlook On DISH Network Following Bloomberg ReportWunderlich Securities Has Good Outlook On DISH Network Following Bloomberg Report
In a report published Friday, Wunderlich Securities analyst Matthew Harrigan reiterated a Hold rating and $60.00 price target on DISH Network (NASDAQ: DISH ). In the report, Wunderlich Securities...
DISH Networks May Be Eyeing T-MobileDISH Networks May Be Eyeing T-Mobile
DISH Network (NASDAQ: DISH ) may build a LTE-based TV service or might be strengthening its position for a bid for T-Mobile (NASDAQ: TMUS ), industry sources told dealReporter. Shares of T-Mobi...
Yellen's Speech Not Enough To Keep Dow, S&P 500 In Positive TerritoryYellen's Speech Not Enough To Keep Dow, S&P 500 In Positive Territory
U.S. stocks were mostly lower as the tense situation in Ukraine was brought back in the spotlight following a report from NATO who observed an alarming rise in Russian forces near the Ukraine border. ...
UPDATE: Wunderlich Securities Reiterates On DISH Network On Expansive UpsideUPDATE: Wunderlich Securities Reiterates On DISH Network On Expansive Upside
In a report published Friday, Wunderlich Securities analyst Matthew Harrigan reiterated a Hold rating on DISH Network (NASDAQ: DISH ), and raised the price target from $56.00 to $60.00. In the re...

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.