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

Pre Market | Dow Jones | Gold | Newsletters | Learn


Stocks Lower in Early Trading, Sentiment Weighed Down by GDP Data

Wednesday, January 30, 2013 11:29 AM
U.S. stocks slipped in red territory by early trade on Wednesday as market sentiment took a beating due to unexpectedly weak U.S. GDP data, which overshadowed strong job numbers. At last check, the Dow Jones Industrial Average Index fell 0.10%; the NASDAQ Composite Index tacked higher 0.03%while the S&P 500 Index was down 0.13%. According to the U.S. Commerce Department, the U.S. economy contracted 0.1% in the fourth quarter of 2012 while economists were expecting it to grow by 1% YOY. In the third quarter the GDP grew by 3.1% annualized rate. A job report released from the ADP and Moody’s Analytics showed that the U.S. private sector added 192,000 new jobs in January, beating economists’ expectation for 165,000 new job additions. Dow Component, The Boeing Company (NYSE: BA) reported better than expected fiscal fourth-quarter results on Wednesday and said that grounding of 787 Dreamliner passenger jets will not have any “significant impact” on fiscal 2013 results. Shares edged up in early trade. Shares of Chesapeake Energy Corporation (NYSE: CHK) leaped nearly 7.50%, at last check. On Tuesday, the Company announced that Audrey McClendon, who is considered as a bold and innovative leader but marred by allegations of misusing company’s funds for personal gains, decided to step down from his position on April 1 2013. Shares of Copano Energy L.L.C. (NASDAQ: CPNO)  rallied 17% in early trade after the natural gas company agreed to be acquired by Kinder Morgan Energy Partners (NYSE: KMP) in a stock deal estimated at$3.72 billion. After the closing bell, social networking giant, Facebook Inc. (NASDAQ: FB) is expected to report quarterly results. The Federal Reserve’s two-day Open Market Committee Meeting (FOMC) is scheduled to end later today and the bank is expected to announce its policy statement at 2:15 p.m. EST. Elsewhere in Europe, all leading benchmark indexes hovered in red territory with Pan European Stoxx 600 Index down 0.51%, at last check.
PRINT

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

Greek PM says on final stretch toward deal with lendersGreek PM says on final stretch toward deal with lenders
ATHENS (Reuters) - Greek Prime Minister Alexis Tsipras said on Saturday his government was on the final stretch of negotiations with its international lenders on a cash-for-reforms deal that would n...
Greek PM says on final stretch toward deal with lendersGreek PM says on final stretch toward deal with lenders
ATHENS (Reuters) - Greece`s Prime Minister Alexis Tsipras said on Saturday his leftist-led government was on the final stretch of negotiations with its international lenders on a cash-for-reforms deal...
ECB's Draghi urges euro zone to unite for economic reformECB's Draghi urges euro zone to unite for economic reform
ROME (Reuters) - European Central Bank President Mario Draghi has urged euro zone countries to unite in the task of reforming the bloc`s economies, saying sharing sovereignty was an opportunity and no...
Bank of England confirms EU exit research after email misfireBank of England confirms EU exit research after email misfire
LONDON (Reuters) - The Bank of England plans to assess the implications of a possible British exit from the European Union, it said in a statement, confirming an email it inadvertently sent to a new...
Bank of England confirms EU exit research after email misfireBank of England confirms EU exit research after email misfire
LONDON (Reuters) - The Bank of England plans to assess the implications of a possible British exit from the European Union, it said in a statement, confirming an email it inadvertently sent to a new...

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.

Algorithm Based
Trade Signals
arrow
swing trades FREE Swing Trade Ideas Clear, simple swing trades.
small cap swing trades Futures Day Trading System S&P + Crude Oil Signals
Autotrading Autotrade Stocks Try for Free!