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

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 2014 the year you get RICH!

Latest Headlines

Stock futures climb after two-day rallyStock futures climb after two-day rally
NEW YORK (Reuters) - Stock index futures climbed on Friday, and the benchmark S&P 500 index was poised to continue to rally after its best two-day run in three years. * The S&P has climbed...
Futures edge higher after two-day rallyFutures edge higher after two-day rally
NEW YORK (Reuters) - U.S. stock index futures edged higher on Friday, putting the S&P 500 on track to extend gains after the benchmark index scored its best two-day run in three years. * The S...
BlackBerry reports adjusted profit, but revenue disappointsBlackBerry reports adjusted profit, but revenue disappoints
TORONTO (Reuters) - BlackBerry Ltd <BB.TO><BBRY.O> on Friday reported a small adjusted third-quarter profit and returned to positive cash flow, but shares fell as revenue declined more t...
Knock knock. Who's there? Amazon's best-selling holiday authorKnock knock. Who's there? Amazon's best-selling holiday author
NEW YORK (Reuters) - It sounds like the usual setup for a knock-knock joke: Who is the best-selling author on all of Amazon.com this holiday season? Rob Elliott. Rob Elliott who? Yet it`s no laugh...
Alstom shareholders back 12.35 billion euro sale of power arm to GEAlstom shareholders back 12.35 billion euro sale of power arm to GE
PARIS (Reuters) - Alstom <ALSO.PA> shareholders on Friday backed with 99.2 percent of votes the French engineering group`s plan to sell most of its power equipment business to General Electric &...

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.

Algorithm Based
Trade Signals
arrow
small cap swing trades SmallCaps stocks under $10
Index Signals Index Signals SPY, QQQ, DIA, IWM
options trading Mega Stocks options + stock trade signals
Forex Forex Signals major FX pairs signals