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

Pre Market | Dow Jones | Gold | Newsletters | Learn

Yes, 3x ETFs are Awesome!
Like TNA, UGAZ, UWTI, NUGT? We do too...Join Up!
100% secure: your email is never shared, and you may opt out at any time.

Stocks Trade Higher, Netflix Rallies Again

Friday, January 25, 2013 1:33 PM
U.S. stocks continued to trade in green territory by midday trade on Friday with S&P 500 hovering around 1500 mark as string of strong quarterly results and improving business sentiment in the euro zone increased investors’ risk appetite. At last check, the Dow Jones Industrial Average Index was up 0.21%; the NASDAQ Composite Index was gaining 0.29% while the S&P 500 Index was adding 0.19%. Among key S&P 500 sectors, utilities turned lower while consumer discretionary held mild gains, according to Thomson Reuters. A data provided by the U.S. Commerce Department showed that new home sales unexpectedly dropped by 7.3 percent in December to a seasonally adjusted annual rate of 369,000. Economists polled by Reuters were expecting new home sales at 385,000, up from 377,000 in November. Shares of movie streaming and DVD rental company, Netflix Inc. (NASDAQ: NFLX) rallied for yet another day. On Thursday, Netflix’s shares logged biggest one day rally. The Company on Thursday reported surprise fourth quarter profit, thanks to strong growth in subscribers’ base. Shares of diversified technology and manufacturing company, Honeywell International Inc. (NYSE: HON) reported fiscal fourth results on Friday which showed earnings coming slightly ahead of Street’s estimate; however, margins continued to improve as Chief Executive David  Cote’s pursuit for higher productivity seems to paying off across all four business segments. The Company also maintained its outlook on 2013 earnings. Shares however were almost flat by midday trade. Tempur-Pedic International Inc. (NYSE: TPX) shares leaped 8% by midday trade after the mattress maker reported better-than-expected quarterly results, overshadowing a lackluster earnings guidance for 2013. Elsewhere in Europe, equities ended higher with Stoxx 600 edging up 0.29%, FTSE 100 gaining 0.31% while DAX climbing 1.42% on Friday. Earlier today, Germany’s ifo Index, a measure on business sentiment, rose unexpectedly higher in January, indicating that euro zone economy has bottomed out and could probably rebound in second half of 2013.  
PRINT

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

Hyundai cuts prices on SUVs to counter China slowdownHyundai cuts prices on SUVs to counter China slowdown
BEIJING (Reuters) - South Korea`s Hyundai Motor Co <005380.KS> cut the price of two sport-utility vehicle (SUV) models in China by as much as 11.8 percent, the company said on Tuesday, the lates...
Kerry: good progress made on Pacific trade deal despite talks failureKerry: good progress made on Pacific trade deal despite talks failure
SINGAPORE Reuters) - U.S. Secretary of State John Kerry said on Tuesday "good progress" was made toward a 12-nation Trans-Pacific trade deal last week, even though negotiators failed to reach an acc...
Toyota books third straight first-quarter profit record on cost cuts, currency gainsToyota books third straight first-quarter profit record on cost cuts, currency gains
TOKYO (Reuters) - Toyota Motor Corp <7203.T> posted a third straight year of record first-quarter net profit on Tuesday, easily beating analyst estimates, as costs cuts and currency gains made...
UK starts RBS sell-off with $3.3 billion stake sale UK starts RBS sell-off with $3.3 billion stake sale
LONDON (Reuters) - Britain has sold a 2.1 billion pound ($3.3 billion) stake in Royal Bank of Scotland <RBS.L> to kick off the disposal of its holding seven years after bailing out the bank. F...
As oil falls below $50, analysts eye 'mid-price' eraAs oil falls below $50, analysts eye 'mid-price' era
SINGAPORE (Reuters) - A slump in oil below $50 a barrel - a level it has held above for most of the past decade - has raised the prospect of a new era of lower prices, although a return to super-che...

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.