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

Pre Market | Dow Jones | Gold | Newsletters | Learn


Stocks Rally after Economic Data

Thursday, June 27, 2013 11:40 AM
U.S. stocks rallied across-the-board by mid-day trade on Thursday as the sentiment was bolstered by dovish comments from a top Fed official while a series of strong economic data releases also increased investors’ risk appetite. At last check, the DJIA climbed 0.83%; the NASDAQ Composite Index jumped 0.82% while the S&P 500 Index gained 0.75%. Delivering a speech over region’s economic growth and the labor market, the New York Federal Reserve President William Dudley said on Thursday that the central bank will resort to more aggressive economic stimulating measures than the timeline set by its Chairman Bernanke,  should the economic growth and labor market falter. According to the National Association of Realtors, pending home sales rose 6% in May to a six year high level. The weekly first-time jobless claims fell 9,000 to seasonally adjusted 346,000 for the week ended June 22, said the Labor Department. Economists surveyed by Reuters expected initial claims at 345,000. The Commerce Department said that personal income rose 0.5% in May, beating analysts’ forecast for 0.2% increase. In the same period, consumer spending increased 0.3%, in-line with economists’ forecast. Shares of Progress Software Corporation (NASDAQ: PRGS) climbed about 5% by midday trade after the business software maker, late last evening said that it swung into fiscal second quarter profit, driven by higher revenue from software licensing. Shares of KB Home (NYSE: KBH) climbed about 3% by midday trade after the homebuilder said that its fiscal second quarter loss narrowed, thanks to rising average selling prices and home deliveries amid significantly improving U.S. housing market. Sports gear maker, Nike Inc. (NYSE: NKE) and IT consulting firm, Accenture Plc (NYSE: ACN) are slated to report quarterly results after the closing bell.
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

Lion Group set to buy ATR planes in nearly $1 billion deal: sourceLion Group set to buy ATR planes in nearly $1 billion deal: source
SINGAPORE (Reuters) - Indonesia`s Lion Group is expected to sign a deal on Thursday to buy about 40 ATR 72-600 aircraft for nearly $1 billion at list prices, a source familiar with the matter said on ...
Lion Group set to buy ATR planes in nearly $1 billion deal - sourceLion Group set to buy ATR planes in nearly $1 billion deal - source
SINGAPORE (Reuters) - Indonesia`s Lion Group is expected to sign a deal on Thursday to buy about 40 ATR 72-600 aircraft for nearly $1 billion at list prices, a source familiar with the matter said o...
Toyota recalls more cars for dangerous Takata air bagsToyota recalls more cars for dangerous Takata air bags
TOKYO (Reuters) - Toyota Motor Corp said on Thursday it would recall 57,000 vehicles globally to replace potentially deadly air bags made by Takata Corp, as a safety crisis around the Japanese auto ...
Toyota to recall more cars for dangerous Takata air bagsToyota to recall more cars for dangerous Takata air bags
TOKYO (Reuters) - Toyota Motor Corp said on Thursday it would recall 57,000 vehicles globally to replace potentially deadly air bags made by Takata Corp, in a sign that the safety crisis surrounding t...
Dalian Wanda to seek HK approval for up to $6 billion IPO on Monday: IFRDalian Wanda to seek HK approval for up to $6 billion IPO on Monday: IFR
HONG KONG (Reuters) - Chinese real estate developer Dalian Wanda Commercial Properties, a unit of billionaire Wang Jianlin`s Dalian Wanda Group, will seek approval from Hong Kong`s bourse for an up to...

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