Stock:
Symbol Lookup
Register | Login My Watchlist | My Account | Logout
History
to View Your Portfolio

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 2016 the year you get RICH!

Latest Headlines

BOJ sees little reason to act when households aren't listeningBOJ sees little reason to act when households aren't listening
TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda has a big problem. His radical monetary policy experiment has always been aimed at convincing the public that an end to deflation is near - and...
Takata booking over $156 million in additional loss for air bag recallsTakata booking over $156 million in additional loss for air bag recalls
TOKYO (Reuters) - Japan`s Takata Corp <7312.T> is booking an additional special loss of 16.6 billion yen (107 million pounds) for the year that ended in March due to mounting recall costs for it...
SNB could seek to prevent banks hoarding cash if franc soars - Roubini groupSNB could seek to prevent banks hoarding cash if franc soars - Roubini group
ZURICH (Reuters) - The Swiss National Bank might seek authority to stop commercial banks converting reserves into cash if its current policy arsenal failed to prevent a major appreciation of the franc...
China new loan surge does not augur massive stimulus - Xinhua commentaryChina new loan surge does not augur massive stimulus - Xinhua commentary
BEIJING (Reuters) - A surge of new loans granted in China over the first quarter does not mean the country is about to embark upon another massive economic stimulus programme, the official Xinhua news...
U.S. Energy Secretary sees oil supply, demand rebalancing in a yearU.S. Energy Secretary sees oil supply, demand rebalancing in a year
KITAKYUSHU, Japan (Reuters) - U.S. Energy Secretary Ernest Moniz said he expects global oil supply and demand to rebalance in about a year`s time. Benchmark crude oil prices, which hit almost 13-yea...

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.

{localized={en_US=Terry}, preferredLocale={country=US, language=en}} {localized={en_US=Scott}, preferredLocale={country=US, language=en}}

Terry Scott
CEO of StockMarketWatch

View Profile


Learn the Stock Market

Sharper your stock trading skills with our stock market education section.

Be a Better
Trader, Today
arrow
PreMarket PRO Our New Streaming Realtime Pre-Market Product -- Click Here to Learn More