Symbol Lookup
Register | Login

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.

FREE Options Trading Lessons
I'll show you how to unlock HUGE Gains with Options Trading
Let's make 2015 the year you get RICH!

Latest Headlines

Airbus wins board spat with Spain, to renew CEOAirbus wins board spat with Spain, to renew CEO
AMSTERDAM (Reuters) - Airbus Group <AIR.PA> faced down a revolt by government shareholders over a board appointment and invited its chief executive to stay on until 2019 as Europe`s largest ae...
Why Going Short May Be A Good Strategy For BondsWhy Going Short May Be A Good Strategy For Bonds
Investing is all about the risk-reward tradeoffs. Among the three most basic asset classes - stocks, bonds and cash - stocks have the greatest potential expected return, but also the highest potenti...
CBS CEO said met with Apple to discuss TV dealCBS CEO said met with Apple to discuss TV deal
RANCHOS PALOS VERDES, Calif (Reuters) - CBS Corp <CBS.N> CEO Leslie Moonves met with Apple Inc <AAPL.O> last week to discuss a TV deal, he said at a technology conference Wednesday, and th...
U.S. seeks JPMorgan communications with China's Quishan in hiring probe: WSJU.S. seeks JPMorgan communications with China's Quishan in hiring probe: WSJ
WASHINGTON (Reuters) - U.S. regulators have subpoenaed JPMorgan Chase & Co <JPM.N> for all of its communications related to 35 Chinese officials, including anti-corruption chief Wang Qishan,...
Office Depot to pay $3.4 million over office chair defectsOffice Depot to pay $3.4 million over office chair defects
WASHINGTON (Reuters) - The U.S. Consumer Product Safety Commission on Wednesday said Office Depot Inc <ODP.O> has agreed to pay $3.4 million in fines over its failure to report defects in two mo...

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
swing trades FREE Swing Trade Ideas Clear, simple swing trades.
small cap swing trades Futures Day Trading System S&P + Crude Oil Signals
Autotrading Autotrade Stocks Try for Free!