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

Pre Market | Dow Jones | Gold | Newsletters | Learn


Stocks Slip in Early Trade

Tuesday, October 8, 2013 9:52 AM
Stocks were down in early-trade on Tuesday as the policy logjam in Washington pushed the shutdown to its sixth day. Earlier on Monday, President Obama said that he would support a stop-gap solution, which would allow the Treasury to raise its borrowing limit and prevent U.S. sovereign default; separately one influential senator is believed to preparing a draft, which calls for some spending cuts and reforming tax laws as part of broader deal, according to Reuters. At last check, the Dow Jones edged down 0.22%; the NASDAQ Composite Index lost 0.13% while the S&P 500 Index slipped 0.17%. Shares of J C Penney & Company (NYSE: JCP) gained sharply in early-trade. J C Penney said in a statement that although it is still in its early stage of turnaround plans, sales results were showing improvement. The retailer also expects to end the current fiscal year with cash-in-hand of more than $2 billion. Activist investor, Carl Icahn tweeted on Tuesday that has reached an agreement with Nuance Communications Inc. (NASDAQ: NUAN) under which the company will allow the billionaire to choose two nominees for two board seats. Shares of McKesson Corporation (NYSE: MCK) climbed about 6% in early trade after the company said that it was in final stages of talks to acquire German drug distributor Celesio in deal valued at $ 5 billion, according to Dow Jones. The report said that the deal could be announced in coming days. Yum! Brands Inc. (NYSE: YUM) and Alcoa Inc. (NYSE: AA) are expected to report quarterly results after the market close.
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

U.S. auto sales seen rising 9 percent in July: JD Power-LMCU.S. auto sales seen rising 9 percent in July: JD Power-LMC
DETROIT (Reuters) - U.S. auto sales in July will be the strongest for the month since 2006, and rise 9 percent from last year, automotive industry consultants J.D. Power and LMC Automotive predicted o...
Hershey warns of sticker shock from chocolate price hikeHershey warns of sticker shock from chocolate price hike
NEW YORK (Reuters) - Hershey Co, one of the world`s best known names in chocolate, expects its first price hike in three years to crimp short term sales, but over the long haul the popularity of cho...
Exclusive: Allegations of GSK corruption spread to SyriaExclusive: Allegations of GSK corruption spread to Syria
LONDON (Reuters) - GlaxoSmithKline <GSK.L> faces new allegations of corruption, this time in Syria, where the drugmaker and its distributor have been accused of paying bribes to secure busines...
SEC official defends Royal Bank of Scotland waiver to CongressSEC official defends Royal Bank of Scotland waiver to Congress
WASHINGTON (Reuters) - A top U.S. Securities and Exchange Commission official on Thursday defended his agency`s decision to grant the Royal Bank of Scotland <RBS.L> a regulatory waiver, saying...
U.S. airlines focus on investor returns as industry profitsU.S. airlines focus on investor returns as industry profits
(Reuters) - Major U.S. airlines posted earnings gains on Thursday, aided by higher airfares and summer demand, and the two largest carriers announced moves to return more cash to investors. Americ...

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.