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

Pre Market | Dow Jones | Gold | Newsletters | Learn


Stocks Holding on to Gains in Mid-Day Trading, European Equities Settle Higher

Friday, February 8, 2013 1:23 PM
U.S. stocks continued to held modest gains by midday trade on Friday as batch of better than expected quarterly results during this week along with surprisingly good trade data from both the U.S. and China boosted investors’ risk appetite. At last check, the Dow Jones Industrial Average Index added 0.35%; the NASDAQ Composite Index climbed 0.90% while the S&P 500 Index edged up 0.50%. Nearly 60% of S&P 500 Companies have so far reported their quarterly results and 70% out of those have edged past Street’s estimate while 66% have topped revenue forecasts, a data provided by Thomson Reuters showed. Should the remaining companies report earnings in-line with expectations then earnings in the fourth quarter will jump 5.2% YOY, according to Thomson Reuters. Shares of LinkedIn Corp. (NYSE: LNKD) rallied on Friday after the professional networking site reported staggering  81% revenue growth in fiscal fourth quarter while earnings also exceeded the Street’s forecast by long margin. The Company provided a optimistic outlook on fiscal first quarter. Shares of Microchip Technology Inc. (NASDAQ: MCHP) jumped by midday trade after the chipmaker posted better than expected fiscal third quarter revenue and earnings and provided upbeat outlook for the fiscal fourth quarter. Even after reporting a 1.9% drop in global same-store-sales, shares of burger chain McDonald’s Corp. (NYSE: MCD) edged up on Friday as it performed much better in the U.S. market. Wholesale inventories fell 0.1 percent in December to a seasonally adjusted $497.65 billion, according to the Commerce Department, the first drop since June. Economists polled by Reuters were expecting wholesale inventories to increase by 0.4%. A trade data from China showed that exports grew by 25% in January. In the U.S., the trade deficit narrowed to $38.5 billion in December, as imports of oil declined and exports grew. Economists forecasted for a trade deficit of $46 billion. Elsewhere in Europe all leading benchmark indexes ended higher with Pan European Stoxx 600 gaining 1.22% for the day.
PRINT

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!

Latest Headlines

American Airlines' CEO contract scrapped but he will stay in roleAmerican Airlines' CEO contract scrapped but he will stay in role
(Reuters) - American Airlines Group Inc said it terminated Chief Executive Douglas Parker`s employment agreement on his request. Parker will no longer be contractually entitled to receive a set leve...
Political uncertainty fails to dent Spanish economic growth in first-quarterPolitical uncertainty fails to dent Spanish economic growth in first-quarter
MADRID (Reuters) - Spain`s economy expanded at a faster-than-expected pace in the first quarter of 2016, official data showed on Friday, despite politicians failing to form a government after a Decemb...
Tame U.S. inflation bolsters Fed caution on rate hikesTame U.S. inflation bolsters Fed caution on rate hikes
WASHINGTON (Reuters) - U.S. inflation barely rose in March as consumer spending remained tepid, making it less likely that the Federal Reserve will be able to follow through on its projected two int...
A river runs through it - Amazon's profit surge sweeps away doubtsA river runs through it - Amazon's profit surge sweeps away doubts
(Reuters) - The source of Amazon.com`s namesake river may be uncertain, but there`s no doubt about where the online retailer`s surging revenue is flowing from - just about everywhere. Amazon.com Inc...
OPEC oil output near record high in April as Iran, Iraq growth offsets outages: Reuters surveyOPEC oil output near record high in April as Iran, Iraq growth offsets outages: Reuters survey
LONDON (Reuters) - OPEC`s oil output rose in April to close to the highest level in recent history, a Reuters survey found on Friday, as production increases led by Iran and Iraq more than offset a ...

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