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

Apple's sales boom in communist VietnamApple's sales boom in communist Vietnam
HANOI (Reuters) - Communist Vietnam is suddenly Apple Inc`s hottest market after its sales growth tripled in the first three months of the year, a rate five times faster than in India where it is sp...
Nasdaq not yet subpoenaed in N.Y. high frequency trading probe: CEONasdaq not yet subpoenaed in N.Y. high frequency trading probe: CEO
NEW YORK (Reuters) - Nasdaq OMX Group Inc has not to date received a subpoena from the New York attorney general as part of its industrywide probe into allegedly unfair technological advantages on Wal...
NASA tries space kits to engage kids in science and spaceNASA tries space kits to engage kids in science and space
NEW YORK (Reuters) - Making mini satellite dishes that collect signals or building remote-controlled mini Rovers such as the kind NASA has used on Mars are the types of activities that could interes...
ISS recommends votes for 2 Loeb nominees to Sotheby's boardISS recommends votes for 2 Loeb nominees to Sotheby's board
BOSTON (Reuters) - A prominent investor shareholder advisory firm recommended that Sotheby`s <BID.N> investors should vote for two of the three board candidates suggested by activist investor Da...
Spanish banks say fewer bad debts show turnaround could be hereSpanish banks say fewer bad debts show turnaround could be here
MADRID (Reuters) - Spain`s Caixabank and Sabadell posted fewer bad debts in the first quarter of 2014 and heralded the start of a turnaround for the country`s banks after a costly crisis. Spain`s ...

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.