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

Pre Market | Dow Jones | Gold | Newsletters | Learn


Stocks Pare Early Losses

Thursday, January 3, 2013 1:23 PM
U.S stocks pared initial loses to trade mixed by midday trade on Thursday as ADP job report data and retail sales data gave a mixed picture of the economy. At last check, the Dow Jones Industrial Average Index was down 0.1%; the Nasdaq Composite Index gained 0.11%; while the S&P 500 Index was up 0.11% Although the U.S. congress offered a temporary respite to investors by hiking taxes on wealthy Americans and postponing resolution on other key issues such as spending cuts on defense and entitlement programs, market sentiment remains jittery as lack of consensus on how to trim fiscal imbalance and policy stalemate on the debt ceiling issue could spell disaster for the U.S. economy. Lawmakers now have about two months to resolve these issues. Meanwhile, many business leaders such as   Peter Huntsman, chief executive of chemical producer Huntsman Corp. (NYSE: HUN), David Cote, chief executive of Honeywell International (NYSE: HON) and noted economist, Nouriel Roubini, all have shown complete dissatisfaction at the way negotiations were carried on by lawmakers, citing that no concrete long-term solution has been reached. In some corporate news, automakers Ford Motor Company (NYSE: F) and General Motors Company (NYSE: GM) reported December sales that topped analysts’ expectations. Retailers reported mixed batch of same-store-sales reports for December. While The TJX Companies Inc. (NYSE: TJX), and Ross Stores Inc. (NASDAQ: ROST) gained after both companies reported better than expected same-store-sales, Limited Brands Inc. (NYSE: LTD) slumped as it missed analysts’ expectation. On U.S. economic data front, a report from the Labor Department showed that initial jobless claims rose more than expected for week ended Dec 29 while the ADP reported that the private sector added higher than expected payrolls for December. Elsewhere in Europe, markets ended mixed with Pan European  Stoxx 600 edging up 0.53%, FTSE 100 gaining 0.33% while Germany’s DAX falling 0.29%. At 2:00 p.m. Eastern, the Federal Reserve will release minutes of its recently concluded policy rate meeting.
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

Euro zone consumer confidence rises in DecemberEuro zone consumer confidence rises in December
BRUSSELS (Reuters) - Euro zone consumer confidence edged 0.6 points higher in December, a flash estimate from the European Commission showed on Monday. The Commission said that consumer confidence i...
U.S. existing home sales hit six-month low in NovemberU.S. existing home sales hit six-month low in November
WASHINGTON (Reuters) - U.S. home resales tumbled to a six-month low in November after two straight months of strong increases, underscoring the uneven nature of the housing market recovery. The Nati...
Basel watchdog wants standardized assessment of banks' capitalBasel watchdog wants standardized assessment of banks' capital
LONDON (Reuters) - Global regulators have outlined measures to ensure capital held by banks does not fall below a certain level and to adopt a more consistent approach across the industry to measuring...
Oil price fall puts squeeze on North Sea energy minnowsOil price fall puts squeeze on North Sea energy minnows
LONDON (Reuters) - Plunging oil prices have increased the strain on the many small energy firms operating in the North Sea who were already facing diminishing returns from an area that once helped p...
Thales CEO succession stalled as shareholders split: sourcesThales CEO succession stalled as shareholders split: sources
PARIS (Reuters) - Thales` <TCFP.PA> top shareholders are at odds over its plan for a dual leadership structure that may change their influence at the French defense electronics maker, sources ...

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
small cap swing trades SmallCaps stocks under $10
Index Signals Index Signals SPY, QQQ, DIA, IWM
options trading Mega Stocks options + stock trade signals
Forex Forex Signals major FX pairs signals