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

Pre Market | Dow Jones | Gold | Newsletters | Learn


U.S. Stocks Edge Higher

Tuesday, March 26, 2013 9:44 AM
U.S. stocks edged higher in early trading as investors cheered better than expected housing market and durable goods data. At last check, the Dow Jones Industrial Average Index gained 0.43%; the NASDAQ Composite Index edged up 0.43%while the S&P 500 Index also advanced 0.43%. A data provided by the Commerce Department showed that durable goods orders rose 5.7% in February, beating economists’ consensus forecast for 3.8% increase. The latest data showed that demand for transportation equipment improved significantly.  Excluding transportation equipments, durable orders fell 0.5 percent after rising 2.9 percent in January. Economists polled by Reuters were expecting a 0.5 percent rising durable goods orders (excluding transporting equipments) . The S&P/Case-Shiller Home Price Index, a monthly gauge on home prices at 20 metropolitan areas, rose 1% in January against economists’ expectation for 0.9% gain. The Index climbed 8.1%, Year-on-year. Just before the quarterly earnings release, Stifel Nicolaus upgraded shares of Mattress Firm Holding Corp. (NASDAQ: MFRM) to “buy” rating from “hold” rating. Shares of Children's Place Retail Stores Inc. (NASDAQ:PLCE) fell in early trading after the apparel and accessories retailer provide pessimistic guidance on the current quarter and full-year. European equities were marginally higher with Pan European Stoxx 600 Index up 0.03%, FTSE advancing 0.08% while DAX gaining 0.14%. Market sentiment took a beating on Monday when Eurogroup head and the Netherland’s finance minister; Jeroen Dijsselbloem indicated that Cyprus bailout agreement (which demanded heavy taxes on bank depositors) would serve as model for other euro zone rescues, triggering concerns of possible bank runs. However, the finance minister’s office latter retracted the statement, saying that it was (Cyprus bailout) was a “specific case”.    
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

As Cuban economy stagnates, economists press for deeper reformsAs Cuban economy stagnates, economists press for deeper reforms
HAVANA (Reuters) - Some of Cuba`s best-known economists are openly questioning the very core of the Soviet-style command economy and saying market reforms under way are too modest to boost weak grow...
25 European banks fail stress tests: sources25 European banks fail stress tests: sources
FRANKFURT (Reuters) - A group 25 banks have failed European stress tests, while up to 10 of those continue to have a capital shortfall, two people familiar with the matter said on Friday. The health...
Swiss gold referendum's support falls short of majority: pollSwiss gold referendum's support falls short of majority: poll
ZURICH/LONDON (Reuters) - A proposal to prohibit the Swiss National Bank from selling any of its gold reserves has the support of 44 percent of the public, a closely watched survey showed on Friday, t...
Chesapeake Oilfield Services pulls IPO plansChesapeake Oilfield Services pulls IPO plans
(Reuters) - Chesapeake Oilfield Services, a unit of Chesapeake Energy Corp <CHK.N>, said on Friday it would withdraw its plans for an initial public offering. The Oklahoma-based company, in a ...
Rebekah Brooks in New York 'explores' job opportunitiesRebekah Brooks in New York 'explores' job opportunities
(Reuters) - Rebekah Brooks, the former head of News Corp`s <NWSA.O> British newspaper division who was at the center of a phone hacking scandal, is visiting New York this week, exploring possibl...

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.