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

A Deeper Dive Into Home Depot's Flash CrashA Deeper Dive Into Home Depot's Flash Crash
A half hour before the market closed on Tuesday, shares of The Home Depot, Inc. (NYSE: HD ) experienced a flash crash. Benzinga spoke with Dennis Dick, co-host of the #Premarket Prep show, about ...
Europe not at risk of full-blown deflation: ECB's ConstancioEurope not at risk of full-blown deflation: ECB's Constancio
FLORENCE Italy (Reuters) - Europe is not at risk of sliding into "full deflation" but the current rate of inflation is dangerously low, European Central Bank Vice President Vitor Constancio said on Sa...
China's rate-cut likely to hurt banks, curb new loans to small borrowersChina's rate-cut likely to hurt banks, curb new loans to small borrowers
SHANGHAI (Reuters) - China`s latest interest rate cut is set to dent the profitability of domestic lenders, especially mid-sized banks, which are already suffering from higher bad loans and a slowdo...
China's ICBC to set up offshore yuan center in Los AngelesChina's ICBC to set up offshore yuan center in Los Angeles
BEIJING (Reuters) - China`s Industrial and Commercial Bank (ICBC) signed a pact with the Los Angeles city government to promote cross-border yuan trade and set up an offshore renminbi center in Cali...
Chinese premier urges 'new growth engines' amid slowing economy: XinhuaChinese premier urges 'new growth engines' amid slowing economy: Xinhua
BEIJING (Reuters) - Chinese Premier Li Keqiang has called for "new growth engines" to counter slowing growth in the world`s second largest economy, Xinhua reported late on Friday. The comments cam...

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
arrow
small cap swing trades SmallCaps stocks under $10
Index Signals Index Signals SPY, QQQ, DIA, IWM
options trading Mega Stocks options + stock trade signals
Forex Forex Signals major FX pairs signals