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

Pre Market | Dow Jones | Gold | Newsletters | Learn


Stocks Sharply Lower in Early Trading

Thursday, June 20, 2013 9:52 AM
U.S. stocks fell sharply in early trading on Thursday, tracking losses in global equity markets as the market sentiment remained subdued a day after when the Federal Reserve signaled possible squeezing of its bond purchase program by the year-end. At last check, the DJIA fell 0.48%; the NASDAQ Composite Index plunged 1.08% while the S&P 500 Index lost 0.78%. Weekly first-time jobless claims climbed 18,000 from the last week to a seasonally adjusted 354,000, showed a data provided by the Labor Department. Economists surveyed by Reuters had forecasted claims rising to 340,000 from last week’s 334,000. The four week moving average for initial claims increased 2,500 to 348,250. In some corporate news, the social networking giant, Facebook Inc. (NASDAQ: FB) is scheduled to hold a press conference later today. Speculation is rife that the company would announce launching of video feature for its app, Instagram. Shares of Rite Aid Corporation (NYSE: RAD) fell in early trade. The drugstore chain reported earnings of 9 cents a share, which matched analysts’ estimate but revenue missed expectation. The Company reaffirmed its guidance for fiscal year 2014 but said that results would come at the lower end of projections. Shares of Hewlett-Packard Company (NYSE: HPQ) edged up in early trade after the computer maker’s stock was upgraded by Wells Fargo to “outperform” from “market-perform”, and raised the price target to $30-$32 from $23-$25, citing possible growth in earnings, free cash flow and  sale of assets. Oracle Corporation (NASDAQ: ORCL) is expected to report quarterly results after the closing bell. In some other markets, crude oil futures fell 1.72% to $96.55 a barrel while U.S. gold futures plunged 5.67% to $1,296.10 an ounce. The U.S. dollar traded broadly higher during Asian and European trading hours on Thursday.
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

INSIGHT-Push for tax-avoidance curbs in G-20 threatens Publicis-Omnicom dealINSIGHT-Push for tax-avoidance curbs in G-20 threatens Publicis-Omnicom deal
LONDON, April 25 (Reuters) - International pressure to curb corporate tax avoidance is behind delays to a $35 billion merger of French advertising group Publicis and U.S. rival Omnicom, and could ev...
Japan says no trade deal with U.S. as Obama prepares to departJapan says no trade deal with U.S. as Obama prepares to depart
TOKYO (Reuters) - Japan and the United States have made progress in trade talks but not reached the deal that they were hoping to seal at a bilateral summit, Economy Minister Akira Amari said on Frida...
UPDATE 1-U.S. Justice Department seeks over $13 bln from BofA -BloombergUPDATE 1-U.S. Justice Department seeks over $13 bln from BofA -Bloomberg
(Adds additional sources, background about the bank`s investigations) April 24 (Reuters) - The U.S. Department of Justice is asking Bank of America Corp to pay more than $13 billion to settle alleg...
Internet industry seen as winner at global conference in BrazilInternet industry seen as winner at global conference in Brazil
SAO PAULO, April 24 (Reuters) - Big Internet companies were the clear winners at a global conference hosted by Brazil on the future management of the Web where most participants agreed it should rem...
Ackman to pay Herbalife whistleblowers' legal fees, not lost payAckman to pay Herbalife whistleblowers' legal fees, not lost pay
BOSTON, April 24 (Reuters) - Activist investor William Ackman, who is betting more than $1 billion that Herbalife is a pyramid scheme, will cover legal fees and damages for whistleblowers who have s...

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.