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, 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.

FREE Options Trading Lessons
I'll show you how to unlock HUGE Gains with Options Trading
Let's make 2015 the year you get RICH!

Latest Headlines

Toyota reissues recall for 1.6 million cars in Japan over airbags Toyota reissues recall for 1.6 million cars in Japan over airbags
TOKYO (Reuters) - Toyota Motor Corp <7203.T> on Wednesday said it was reissuing a recall for around 1.6 million cars in Japan to check for possible faulty airbag inflators. Toyota said it was ...
Boeing says to roll out first 737 MAX in early DecemberBoeing says to roll out first 737 MAX in early December
(Reuters) - Boeing Co <BA.N> said it plans to roll out its first 737 MAX jetliner on Dec. 8 from its Renton factory in Washington. Boeing, which has almost 3,000 orders for the 737 MAX, is on ...
U.S. oil eases on profit-taking after rally on Mideast risksU.S. oil eases on profit-taking after rally on Mideast risks
SEOUL (Reuters) - U.S. crude oil futures dipped on Wednesday on profit-taking after the prices rallied to a two-week high on the previous session due to heightening geopolitical tensions in the Middle...
Oil edges up further after big rally on increased Mideast riskOil edges up further after big rally on increased Mideast risk
SEOUL (Reuters) - Crude oil futures extended gains on Wednesday after prices hit two-week highs in the previous session as tension mounted in the Middle East following Turkey`s downing of a Russian ...
Asia stocks stumble on geopolitical tensions, oil stands tallAsia stocks stumble on geopolitical tensions, oil stands tall
TOKYO (Reuters) - Asian stocks were on edge on Wednesday as geopolitical tensions flared after Turkey downed a Russian fighter jet, while crude oil prices extended gains. Spreadbetters expected so...

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