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

Pre Market | Dow Jones | Gold | Newsletters | Learn


U.S. Stocks Bolstered By Global Rally

Monday, February 25, 2013 11:27 AM
U.S. stocks edged higher in early trading on Monday, tracking strong gains in European and Asian equities, sparked by news which said that Japanese Prime Minister Shinzo Abe will back a contender, who is known to have a very dovish stance on monetary policies, for the top post at the Bank of Japan (BOJ). Exit poll results ruling out the threat of a hung-parliament in Italy also bolstered the market sentiment. At last check, the Dow Jones Industrial Average Index gained 0.48%; the NASDAQ Composite Index edged up 0.65% while the S&P 500 Index added 0.51%. Shares of Hertz Global Holdings Inc. (NYSE: HTZ) gained almost 7% in early trade after the rental-car Company handed better than expected fiscal fourth-quarter results, citing improvement in pricing and benefits arising from the acquisition of Dollar Thrifty Automotive Group. The Company also provided optimistic guidance for the current fiscal year. Shares of Barnes & Noble Inc. (NYSE: BKS) rallied on Monday after Company’s Chairman and biggest shareholder, Leonard Riggio said in a regulatory filing that he plans to propose to buyout the retail division, possibly separating the company into two. The Company is scheduled to reports its quarterly earnings on Thursday. Despite downbeat outlook on current fiscal, shares of Lowe’s Companies Inc. (NYSE: LOW) remained mainly flat as the retailer handed better-than-expected fiscal fourth quarter earnings. In Japan, the government is likely to back Haruhiko Kuroda for the post of BOJ governor. Kuroda, who is currently the President of Asian Development Bank, is a proponent of easy monetary policy and is likely to press for more dovish policies, as the country looks to come out of the years of economic stagnation. In Italy, a poll conducted by analysts at Citi showed that there was only a 7% chance of a fractured mandate or “hung-parliament”. A recently released exit polls results showed that center-left Democratic Party was likely to sweep elections. At last check, the Stoxx 600 was gaining 0.42%, FTSE was adding 0.69% while DAX was climbing 2.35%.
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

Trend Specialist Explains His Short Position In StarbucksTrend Specialist Explains His Short Position In Starbucks
Harlan Pyan is a weekly guest on #PreMarket Prep , a daily trading idea radio show hosted by Joel Elconin and Dennis Dick . Tune in to the daily broadcast live Monday-Friday at 8 a.m. ET here ....
U.S. leaning against regulatory relief for three banks in Libor scandalU.S. leaning against regulatory relief for three banks in Libor scandal
WASHINGTON (Reuters) - The U.S. Labor Department is leaning toward denying requests for regulatory relief by three big foreign banks that pleaded guilty to manipulating Libor interest rates but want...
AIG seeking $1.76 billion in 'life settlements' trial in New YorkAIG seeking $1.76 billion in 'life settlements' trial in New York
NEW YORK (Reuters) - An American International Group Inc <AIG.N> unit on Thursday asked a federal judge to order a Pennsylvania firm to pay it $1.76 billion in damages for allegedly overchargi...
Caterpillar Inc plans to cut 475 more jobs amid revenue decline Caterpillar Inc plans to cut 475 more jobs amid revenue decline
(Reuters) - Heavy machinery manufacturer Caterpillar Inc <CAT.N> said it plans a new round of layoffs to cut costs as declining revenues from global mining and construction activities erodes i...
AutoZone: A 'Rare Rate Hike Beneficiary'AutoZone: A 'Rare Rate Hike Beneficiary'
Bank of America Merrill Lynch added AutoZone, Inc. (NYSE: AZO ) to its U.S. 1 list (of top investment ideas) on Thursday. According to the report, analysts Denise Chai and Curtis Nagle give the sto...

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.