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

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.

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!

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
PreMarket PRO Our New Streaming Realtime Pre-Market Product -- Click Here to Learn More