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

Pre Market | Dow Jones | Gold | Newsletters | Learn


U.S. Stocks Edge Higher

Thursday, March 14, 2013 9:46 AM
U.S. stocks edged higher in early trading on Thursday as better than expected data from the labor market emboldened the market sentiment. At last check, the Dow Jones Industrial Average Index gained 0.30%; the NASDAQ Composite Index advanced 0.37% while the S&P 500 Index edged up 0.35%. The numbers of jobless Americans filing for first time claims unexpectedly fell for the week ended March 9, according to the Labor Department. The data showed that initial claims dropped by 10,000 to seasonally adjusted 332,000 while economists polled by Reuters were expecting jobless claims rising to 350,000. The data substantiates claims that the U.S. economy, especially the labor market is improving. The four week moving average for initial jobless claims has now dropped by 2,750 to 346,750, which is a lowest level in last five years, according to Reuters. In a separate data also provided by the Labor Department, the Producer Price index (PPI) rose 0.7% in February compared to 0.2% increase in January. The rise in PPI was in-line with economists’ forecast. A data provided by the Commerce Department showed that current account deficit stood at $110.4 billion in the fourth quarter. Economists were expecting the trade deficit to widen to widen to $112.8 billion from $107.5 billion in the third quarter. Shares of Research in Motion (NASDAQ: BBRY), which will soon change its official name to Blackberry, gained about 1% in premarket trading.  On Wednesday shares of the smartphone maker rallied after the company announced that it has received an order for 1 million Blackberry units from an “established partner”. In some other markets, crude oil futures slipped 0.11% to $92.42 a barrel while U.S. gold futures edge down 0.47% to $1,587.00 an ounce. Elsewhere in Europe, all leading benchmark indexes traded strongly higher. The Pan European Stoxx 600 Index was up 0.69%, 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

Exclusive: Lloyds could move south if Scots vote for independenceExclusive: Lloyds could move south if Scots vote for independence
LONDON (Reuters) - Lloyds Banking Group <LLOY.L> is considering having its registered office in London rather than Edinburgh should Scots vote for independence, banking industry sources told R...
Switzerland urged to step up fight against ill-gotten fundsSwitzerland urged to step up fight against ill-gotten funds
BERNE (Reuters) - Switzerland is not doing enough to rid itself of ill-gotten funds, despite loosening its banking secrecy, and should now beef up its law against money laundering, an global corruptio...
France likely to lower 2015 spending cuts target: Sapin to AFPFrance likely to lower 2015 spending cuts target: Sapin to AFP
PARIS (Reuters) - The French government`s target to rein in public spending next year by 21 billion euros may be lowered due to low inflation, Finance Minister Michel Sapin said in an interview with A...
U.S. court revives shareholder lawsuit vs. Allergan over BotoxU.S. court revives shareholder lawsuit vs. Allergan over Botox
SAN FRANCISCO (Reuters) - A U.S. appeals court on Tuesday revived a shareholder lawsuit against Allergan Inc over allegations that the company improperly marketed and labeled the cosmetic drug Botox. ...
Boeing shares slip after first 'underperform' rating since 2009Boeing shares slip after first 'underperform' rating since 2009
NEW YORK (Reuters) - Boeing Co <BA.N> shares slipped 1.3 percent on Tuesday after a pair of downgrades from highly ranked analysts, including one who cut the stock outlook to "underperform." ...

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.