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

China's October official PMI edges down to 50.8China's October official PMI edges down to 50.8
BEIJING (Reuters) - China`s factory sector grew in October but at a pace that was slightly slower than expected, underlining the challenges facing the sector as manufacturers fight rising costs and so...
China's October factory growth unexpectedly slips to five-month low: official PMIChina's October factory growth unexpectedly slips to five-month low: official PMI
BEIJING (Reuters) - Growth in China`s factories fell to a five-month low in October, missing expectations for an expansion as manufacturers battled cooling order growth and rising costs in the slowing...
J.P. Morgan found hackers through breach of corporate event website: WSJJ.P. Morgan found hackers through breach of corporate event website: WSJ
(Reuters) - J.P. Morgan Chase & Co learned about hackers who stole the bank`s contact information for 76 million households and 7 million small businesses through a corporate event that it sponsor...
J.P. Morgan found hackers through breach of corporate event website: mediaJ.P. Morgan found hackers through breach of corporate event website: media
(Reuters) - J.P. Morgan Chase & Co learned about hackers who stole the bank`s contact information for 76 million households and 7 million small businesses through a corporate event that it sponsor...
Herbalife to pay $15 million to settle class action lawsuitHerbalife to pay $15 million to settle class action lawsuit
(Reuters) - Herbalife Ltd <HLF.N> would pay $15 million to settle an 18-month battle over a class action lawsuit brought by a former distributor claiming that the nutrition and supplements com...

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.