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

Unknown election outcome is stocks' big fearUnknown election outcome is stocks' big fear
NEW YORK (Reuters) - A handful of toss-up U.S. Senate races next week could hold the key to whether the stock market glides through the year-end in a typical post-midterm election rally or gets hit ...
Top U.S. oil companies see more pressure to clamp down on spendingTop U.S. oil companies see more pressure to clamp down on spending
HOUSTON (Reuters) - Top U.S. oil producers, which already were reining in spending before crude prices started to slip in June, are now looking to trim more fat from their budgets while reminding in...
U.S. Fed awards most reverse repos in over four weeksU.S. Fed awards most reverse repos in over four weeks
NEW YORK (Reuters) - The U.S. Federal Reserve awarded $186.28 billion in fixed-rate reverse repurchase agreements on Friday, the highest amount in more than four weeks, due to strong investor demand f...
New York Fed says to lower reverse repo to three basis points on Nov. 3New York Fed says to lower reverse repo to three basis points on Nov. 3
WASHINGTON (Reuters) - The New York Federal Reserve Bank said on Friday that it is lowering its overnight reverse repurchase rate to 3 basis points starting on Nov. 3. The previous offering rate was...
Dollar General extends tender offer for Family Dollar shares againDollar General extends tender offer for Family Dollar shares again
(Reuters) - Dollar General Corp <DG.N> extended its tender offer for shares of Family Dollar Stores Inc <FDO.N> to Dec. 31, until after a shareholder vote that will decide the fate of a ri...

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.