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

Facebook gets U.S. antitrust approval to buy OculusFacebook gets U.S. antitrust approval to buy Oculus
WASHINGTON (Reuters) - Social network giant Facebook Inc has won U.S. antitrust approval to buy Oculus VR Inc, a two-year-old maker of virtual reality goggles, the Federal Trade Commission said on Wed...
BlackRock cuts stake in Italian lender Monte PaschiBlackRock cuts stake in Italian lender Monte Paschi
MILAN (Reuters) - Asset manager BlackRock <BLK.N> has cut its stake in Monte dei Paschi di Siena <BMPS.MI> less than a month after becoming the Italian bank`s single biggest shareholder, r...
TD Ameritrade 2nd quarter profit up 35 pct on net new assetsTD Ameritrade 2nd quarter profit up 35 pct on net new assets
NEW YORK (Reuters) - TD Ameritrade Holding Corp <AMTD.N>, the biggest U.S. discount broker, said profit in its fiscal second quarter jumped 34.7 percent to $194 million on record revenue drive...
U.S. new home sales dive to eight-month low in MarchU.S. new home sales dive to eight-month low in March
WASHINGTON (Reuters) - Sales of new U.S. single-family homes tumbled to their lowest level in eight months in March, dealing a setback to the housing market recovery. The Commerce Department said ...
U.S. factory activity expands in April, pace stallsU.S. factory activity expands in April, pace stalls
NEW YORK (Reuters) - The U.S. manufacturing sector expanded in April though the rate of growth was slightly lower than expected as inventories fell, but factory output growth hit its fastest pace in t...

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.