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

Insight - A Greek challenge for 'Mr Europe' JunckerInsight - A Greek challenge for 'Mr Europe' Juncker
BRUSSELS (Reuters) - It`s sultry early July and an emotional Jean-Claude Juncker is on the stump, calling for a `Yes` vote in a referendum on which he says hangs the future of Europe - and his own c...
China brokerages pledge to buy at least $19.3 billion in shares to stabilise marketChina brokerages pledge to buy at least $19.3 billion in shares to stabilise market
BEIJING (Reuters) - China`s top 21 securities brokerages said on Saturday that they would collectively invest at least 120 billion yuan ($19.3 billion or 12.39 billion pounds) to help stabilise the co...
China curbs IPOs, enlists brokers in all-out bid to end market routChina curbs IPOs, enlists brokers in all-out bid to end market rout
BEIJING/SHANGHAI (Reuters) - China froze share offers and set up a market-stabilization fund on Saturday, the Wall Street Journal said, as Beijing intensified efforts to pull stock markets out of a ...
Credit Suisse CEO vows action for 'impatient' investors - NZZCredit Suisse CEO vows action for 'impatient' investors - NZZ
(Reuters) - New Credit Suisse AG <CSGN.VX> Chief Executive Tidjane Thiam has told a Swiss newspaper he wants quick action to implement results of strategic review he is conducting at the Swiss b...
New Credit Suisse CEO promises 'ruthlessly selective' review - FTNew Credit Suisse CEO promises 'ruthlessly selective' review - FT
(Reuters) - Newly appointed Credit Suisse AG <CSGN.VX> Chief Executive Tidjane Thiam, in an interview with the Financial Times, promised a "ruthlessly selective" review of the Swiss bank`s busin...

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.