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

Pre Market | Dow Jones | Gold | Newsletters | Learn


Stocks Steady in Mid-Day Trading

Tuesday, January 29, 2013 1:17 PM
U.S. stocks were steady in mid-day trading, with the Nasdaq paring most of its earlier losses by as string of strong earnings reports from wide ranging industries lifted the sentiment notwithstanding drop in consumer confidence index and some unease ahead of the Federal Reserve’s monetary policy statement on Wednesday. At last check, the Dow Jones Industrial Average Index edged up 0.40%; the NASDAQ Composite Index slipped 0.04% while the S&P 500 Index gained 0.32%. Among all key S&P 500 sectors, energy and telecoms rallied while tech and consumer discretionary stocks lagged, according to Thomson Reuters. Shares of Valero Energy Corporation (NYSE: VLO) leaped nearly 9% by midday trade on Tuesday after petroleum refining and marketing company reported better-than-expected fiscal fourth quarter earnings. Shares of drug makers Pfizer Inc. (NYSE: PFE) and Eli Lilly & Co. (NYSE: LLY) gained on Tuesday after both companies’ quarterly earnings topped Wall Street’s forecasts. In spite of sharp drop in quarterly earnings and decline in sales during the fiscal fourth quarter, shares of Boston Scientific corporation (NYSE: BSX) gained nearly 5% by midday trade as EPS were in line with analysts’ expectation. The Company also announced that it will be slashing another 900 to 1000 jobs in fiscal 2013 to rein in costs. A data provided by the Conference Board showed that consumer confidence index fell to 58.6 in January from 66.7 in December. Economists polled by Reuters were expecting index dropping to 64.0 The S&P/Case-Shiller home price index for 20 metro areas tacked higher 0.6 percent in November on a seasonally adjusted basis after a 0.6 percent uptick in October. The gain was in line with expectations. The Federal Reserve’s two-day FOMC will conclude tomorrow and investors are hoping to receive some hints from central bank as to the longevity of its ongoing quantitative easing. In Europe, equities ended mainly higher on Tuesday with Stoxx 600 edging up 0.32%; FTSE ending 0.71% higher while DAX gaining 0.20%.    
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

Japan business lobby plans corporate governance rules: sourceJapan business lobby plans corporate governance rules: source
TOKYO (Reuters) - Japan`s most powerful business lobby, Keidanren, plans to introduce corporate governance rules that will require better disclosure, a person familiar with the matter said, but they...
Canon nudges up profit forecast on higher office equipment salesCanon nudges up profit forecast on higher office equipment sales
TOKYO (Reuters) - Canon Inc <7751.T> raised its full-year operating profit target by a slight 1.4 percent after strong sales of office copiers and printers in the first quarter. Canon, the wor...
IMF says sub-Saharan Africa faces heightened risk of capital outflowsIMF says sub-Saharan Africa faces heightened risk of capital outflows
NAIROBI (Reuters) - Investment in infrastructure and natural resources will continue to underpin economic activity in sub-Saharan Africa, although capital outflows sparked by tighter global financial ...
Exclusive: Marubeni says Chinese authorities detain three staff at grain unitExclusive: Marubeni says Chinese authorities detain three staff at grain unit
TOKYO/BEIJING (Reuters) - Three employees at one of Marubeni Corp`s <8002.T> grain trading units in China have been detained by authorities, the Japanese trading house said on Thursday, a move...
Hyundai Motor first-quarter profit misses estimates, hurt by slow U.S. salesHyundai Motor first-quarter profit misses estimates, hurt by slow U.S. sales
SEOUL (Reuters) - South Korea`s Hyundai Motor <005380.KS> missed analyst estimates by posting first-quarter net profit that was almost identical to a year earlier, as lackluster U.S. performan...

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.