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

Pre Market | Dow Jones | Gold | Newsletters | Learn


Stocks Gain in Early Trading, Trade Data Released

Friday, February 8, 2013 11:19 AM
U.S. stocks have edged higher in early trading as market sentiment was boosted by strong trade data from the U.S. and China. At last check, the Dow Jones Industrial Average Index gained 0.49%; the NASDAQ Composite Index climbed 0.88% while the S&P 500 Index edged up 0.52%. Growth in exports and decline in oil imports helped the U.S. trade deficit to fall to its lowest level in nearly three years in December. A data provided by the U.S. Commerce Department showed that nation’s trade deficit narrowed to $38.5 billion in December while economists’ consensus forecast was for trade deficit of $46 billion. Meanwhile in China, a trade data showed that exports in January climbed 25 percent year-on -year, the strongest pace of growth in exports since April 2011 and beating analysts’ expectation of a 17 percent rise.  Imports during the same period rose by 28.8% YOY. Even after the credit ratings agency Moody's Corporation (NYSE: MCO) reported better-than-expected quarterly earnings and provided strong guidance on 2013 earnings, shares were falling 3.30%, at last check Shares of AOL Inc. (NYSE: AOL) rallied in early trading session after it reported growth in fourth quarter revenue—the first quarterly growth in eight years. Revenue also edged past Street’s expectation. Activision Blizzard (NASDAQ: ATVI) climbed nearly 8.5% after the videogame maker reported better-than-expected fourth-quarter earnings and revenue, thanks to strong sales of its two blockbuster titles, ‘Call Of Duty’ and ‘Skylanders’ during the holiday-season quarter. In Europe equity markets recovered on Friday after a tumultuous preceding session when the European Central Bank President Mario Draghi’s positive but cautious outlook weighed on the sentiment resulting in broader -asset -slump. At last check, the Pan European Stoxx 600 Index was gaining 0.82%, FTSE 100 was edging up 0.51% while DAX was climbing 0.44%. Elsewhere in Asia, markets ended mixed with Japan’s Nikkei Index plunging 1.80%, Hong Kong’s Hang Seng Index inching up 0.16% while the Shanghai Composite Index edged up 0.57% for the day.
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

Exclusive: FBI warns healthcare sector vulnerable to cyber attacksExclusive: FBI warns healthcare sector vulnerable to cyber attacks
BOSTON (Reuters) - The FBI has warned healthcare providers their cybersecurity systems are lax compared to other sectors, making them vulnerable to attacks by hackers searching for Americans` person...
Amazon's eroding tax advantage, bid to sustain growth in focus in first quarterAmazon's eroding tax advantage, bid to sustain growth in focus in first quarter
SAN FRANCISCO (Reuters) - Amazon.com Inc`s quarterly results on Thursday may heighten worries that its edge over online and even traditional brick-and-mortar rivals is narrowing as it charges sales ...
AT&T margin weakness fuels concern about U.S. cellular sectorAT&T margin weakness fuels concern about U.S. cellular sector
NEW YORK (Reuters) - Increasingly aggressive discounting is taking a toll on AT&T Inc and U.S. cellular rivals as they struggle to attract customers in a nearly saturated market. While recent ...
Telekom Austria proves slippery target for SlimTelekom Austria proves slippery target for Slim
VIENNA (Reuters) - Tycoon Carlos Slim stumbled in his bid for control of Telekom Austria <TELA.VI> on Wednesday, as a meeting designed to rubber-stamp a co-ownership deal with the Austrian gov...
IBM unveils new server model to tackle big data, analyticsIBM unveils new server model to tackle big data, analytics
NEW YORK (Reuters) - International Business Machines Corp, in its latest attempt at reviving demand for its hardware products, is launching high-end system servers that it says are 50 times faster t...

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.