Stock:
Symbol Lookup
Register | Login My Watchlist | My Account | Logout
History
to View Your Portfolio

Pre Market | Dow Jones | Gold | Newsletters | Learn


U.S. Stocks Edge Higher in Early Trading, Dow Jones Extend its All-Time-High Level

Wednesday, March 6, 2013 11:29 AM
U.S. stocks edged higher in early trading as the market sentiment, which was already riding high after last session’s rally when Dow Jones hit its all-time-high, received further boost from unexpectedly strong ADP job report. At last check, the Dow Jones Industrial Average Index gained 0.42%; the NASDAQ Composite Index added 0.13% while the S&P 500 Index edged up 0.32%. On the U.S. economic data front, a data provided by Moody’s Analytics/ Automatic Data Processing (ADP) showed that the private sector added more jobs than expected in February. The data showed that 198,000 jobs were created in February against economists’ expectation for 169,000. Shares of Staples Inc. (NASDAQ: SPLS) fell about 3.25% during early trade after the office supplies chain reported that profits plunged 74% in the fiscal fourth quarter. Although adjusted earnings barely beat Street’s forecast, revenue fell short of analysts’ expectation. The Company also provided a downbeat outlook on the current fiscal, citing weakness in consumer discretionary spending in the North American region and macroeconomic fragility in the euro zone. Shares of gun maker, Smith & Wesson Holdings Corp. (NASDAQ: SWHC) slumped nearly 5.50% despite the company posting better than expected fiscal third-quarter results. Both earnings and revenue topped Street’s estimates thanks to higher margins and solid demand for its products as Americans fearing stricter gun-control laws stocked up firearms. The Company also provided optimistic guidance on full-year earnings. Shares of Big Lots Inc. (NYSE: BIG) gained about 5% after the retailer’s quarterly earnings and revenue edged past Street’s forecast. At 2:00 p.m. EST, the Federal Reserve is scheduled to release its monthly Beige Book, a barometer on the U.S. economy’s health. Elsewhere in Europe, all leading benchmark indexes edged higher with Pan European Stoxx 600 Index gaining 0.19%, FTSE 100 edging up 0.38% while DAX was climbing 0.98%, at last check.  
PRINT

FREE Options Trading Lessons
I'll show you how to unlock HUGE Gains with Options Trading
Let's make 2016 the year you get RICH!

Latest Headlines

Xi says China will boost cooperation with foreign groupsXi says China will boost cooperation with foreign groups
BEIJING (Reuters) - President Xi Jinping told Walt Disney Co Chief Executive Bob Iger on Thursday China would encourage more cooperation with foreign companies and organizations, amid persistent U.S.-...
Japan PM Abe: Will take action against excessive yen risesJapan PM Abe: Will take action against excessive yen rises
LONDON (Reuters) - Japanese Prime Minister Shinzo Abe said on Thursday Tokyo will take appropriate action against excessive, speculative yen rises that could hurt the country`s export-reliant companie...
Sanofi says ready to raise Medivation offer, threatens hostile bidSanofi says ready to raise Medivation offer, threatens hostile bid
PARIS (Reuters) - Sanofi said it was prepared to raise its proposed $9.3 billion (6.4 billion pounds) deal to buy Medivation if the U.S. cancer drug maker engaged in talks, threatening to take a hosti...
Sanofi ready to raise Medivation offer, could oust boardSanofi ready to raise Medivation offer, could oust board
PARIS (Reuters) - Sanofi said it could raise its proposed $9.3 billion deal to buy Medivation if the U.S. cancer drugmaker engaged in talks, threatening to go directly to shareholders to oust the boar...
Chesapeake to sell some Oklahoma assets to Newfield for $470 millionChesapeake to sell some Oklahoma assets to Newfield for $470 million
(Reuters) - Chesapeake Energy Corp, the second-largest U.S. natural gas producer, said it would sell some assets in Oklahoma to Newfield Exploration Co for $470 million as part of a plan to shore up i...

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.

{localized={en_US=Terry}, preferredLocale={country=US, language=en}} {localized={en_US=Scott}, preferredLocale={country=US, language=en}}

Terry Scott
CEO of StockMarketWatch

View Profile


Learn the Stock Market

Sharper your stock trading skills with our stock market education section.

Be a Better
Trader, Today
arrow
PreMarket PRO Our New Streaming Realtime Pre-Market Product -- Click Here to Learn More