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

Pre Market | Dow Jones | Gold | Newsletters | Learn


Stocks Gain in Early Trading, S&P 500 Crosses 500 Mark

Friday, January 25, 2013 11:24 AM
U.S. stocks edged higher in early trading on Friday as the market sentiment was upbeat in the wake of better than expected quarterly results from blue chip companies while a robust German ifo data also raised hopes that euro zone was finally seeing some turnaround in the economy. At last check, the Dow Jones Industrial Average Index gained 0.26%, the NASDAQ Composite Index climbed 0.55% while the S&P 500 Index edged up 0.34%. All key S&P 500 sectors were trading in green territory with energy and telecom stocks gaining the most. Shares of Kimberly-Clark Corp. (NYSE: KMB) gained nearly 5% in early trade on Friday after the company’s quarterly results fared better than Street’s expectations. The consumer products company’s full year outlook on earnings and revenue was also in line with analysts’ expectation. Shares of The Procter & Gamble Company (NYSE: PG) edged up on Friday after consumer goods giant posted stronger-than-expected earnings as product segments gained market share. The Company also boosted its sales and earnings outlook for fiscal 2013. Shares of AT&T Inc. (NYSE: T) gained on Friday. Although the U.S’s second largest mobile services company’s earnings fell a tad short from Wall Street estimate, revenue during the period rose at faster-than-expected rate, thanks to strong growth in mobile subscriptions. Shares of Halliburton Company (NYSE: HAL) jumped 4% in early trade after the company announced better-than-expected quarterly earnings in spite of  a slowdown in natural gas industry in the North American region. Elsewhere in Europe, all leading benchmark indexes were gaining with Pan European Stoxx 600 Index up 0.24%, FTSE 100 gaining0.23% while Germany’s DAX climbing 1.42%. Investors risk appetite increased by significantly after German ifo Index, a gauge on business sentiment, showed a sharp rise – more than what economists anticipated. In Asia Nikkei rallied 2.88% on Friday after Bank of Japan reaffirmed its pledge to keep monetary policy extremely accommodating in order to lift the economy out of recession.
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

Brazil to pump up to $20 billion in credit into ailing economyBrazil to pump up to $20 billion in credit into ailing economy
RIO DE JANEIRO/BRASILIA (Reuters) - Brazil`s central bank on Friday announced measures to inject as much as 45 billion reais ($20 billion) in credit into the country`s ailing economy, which is weigh...
Detroit revs up for approval of bankruptcy planDetroit revs up for approval of bankruptcy plan
(Reuters) - Detroit could be on the fast track to complete the final, crucial phase of its historic bankruptcy case, as settlements with key creditors line up and city workers and retirees demonstra...
Facebook says SEC's IPO probe ends, extending WhatsApp closing dateFacebook says SEC's IPO probe ends, extending WhatsApp closing date
(Reuters) - Facebook Inc said the U.S. Securities and Exchange Commission dropped its probe into the social networking company over events surrounding its controversial initial public offering. In i...
Wall St. Weekahead: Even modest GDP bounce may support marketWall St. Weekahead: Even modest GDP bounce may support market
NEW YORK (Reuters) - Even if data next week shows a mediocre rebound in U.S. economic growth, that might be enough to keep the stock market aloft at record highs and the Federal Reserve steadfast in...
IMF urges 'steady implementation' of Ukraine loan programIMF urges 'steady implementation' of Ukraine loan program
WASHINGTON (Reuters) - The International Monetary Fund on Friday urged Ukraine`s leaders to press forward with "steady implementation" of the economic reforms agreed with the fund a day after the prim...

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.