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

Pre Market | Dow Jones | Gold | Newsletters | Learn


Stocks Trade Lower

Friday, June 14, 2013 11:39 AM
U.S. stocks traded lower across-the-board by mid-day trade on Friday as simmering concerns over early tapering of the Fed’s bond purchase program overshadowed some reasonably satisfactory economic data. At last check, the DJIA fell 0.39%; the NASDAQ Composite Index lost 0.39%; while the S&P 500 Index edged down 0.24%. U.S. consumer sentiment coiled back in June. The Thomson Reuters/ University of Michigan’s preliminary reading on the consumer sentiment index fell to 82.7, having climbed to its highest level in last six years in May. Economists polled by MarketWatch were expecting the Index to show a reading of 84.7 while Reuters’ poll suggested that reading would remain unchanged at 84.5. The Labor Department said that producer price rose 0.5% in May as gasoline prices increased. The rise in the producer price index (PPI) was more-than-expected. Economists forecasted for 0.1% increase. The Index fell 0.7% and 0.6% in April and March, respectively. The Industrial productions in May remained unchanged whereas economists were expecting a growth of 0.1%. The Labor Department said that the U.S. current account deficit widened to $106.1billion in the fiscal first quarter from downwardly revised deficit of $102.3 billion in the fourth quarter of last year. Economists polled by Reuters anticipated a wider deficit of $109.7 billion. Shares of Restoration Hardware Holdings Inc. (NYSE: RH) rallied about 18% by midday trade. The home furnishing retailer said late last evening that lower expenses and improved revenue helped to narrow fiscal first quarter loss. Both earnings and revenue topped analysts’ expectations. The Company not only provided upbeat guidance for the second quarter but also lifted full-year outlook. Shares of Casey’s General Stores Inc. (NASDAQ: CASY) plunged about 3.50% by midday trade as the convenience store chain on Thursday handed lower-than-expected fiscal fourth quarter revenue.  
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

Pimco CEO says firm to expand equities business: CNBCPimco CEO says firm to expand equities business: CNBC
NEW YORK (Reuters) - Pimco intends to expand its equities business and there will be no difference in the firm`s portfolio management following the departure of former Chief Investment Officer Bill Gr...
Italy pushes back structural budget goal as recession bitesItaly pushes back structural budget goal as recession bites
ROME (Reuters) - Italy will push back its target of reaching a balanced budget in structural terms, adjusted for the business cycle, to 2017, a year later than originally planned, Economy Minister Pie...
Portugal sounds out Spanish banks on Novo Banco sale: sourcesPortugal sounds out Spanish banks on Novo Banco sale: sources
MADRID (Reuters) - Portugal has begun sounding out Spanish banks on their interest in buying Novo Banco, the successor to the state-rescued Banco Espirito Santo (BES), several sources familiar with ...
U.S. confident can find balance with EU on investor rightsU.S. confident can find balance with EU on investor rights
WASHINGTON (Reuters) - The United States is keen to include investor protection in a trade pact being negotiated with the European Union and will work with EU officials to find the right balance, a se...
AT&T expects customer usage of NEXT to reach 50 percent in third quarterAT&T expects customer usage of NEXT to reach 50 percent in third quarter
WASHINGTON (Reuters) - AT&T Inc <T.N> expects that customer use of its equipment installment plan will have reached 50 percent in the third quarter, the company said in a regulatory filing...

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.