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

Exclusive: Marubeni says Chinese authorities detain three staff at grain unitExclusive: Marubeni says Chinese authorities detain three staff at grain unit
TOKYO/BEIJING (Reuters) - Three employees at one of Marubeni Corp`s <8002.T> grain trading units in China have been detained by authorities, the Japanese trading house said on Thursday, a move...
Exclusive: Marubeni says Chinese authorities detain three staff at grain unitExclusive: Marubeni says Chinese authorities detain three staff at grain unit
TOKYO/BEIJING (Reuters) - Three employees at one of Marubeni Corp`s <8002.T> grain trading units in China have been detained by authorities, the Japanese trading house said on Thursday, a move...
Japan's Mitsui O.S.K. ship ready to leave Chinese portJapan's Mitsui O.S.K. ship ready to leave Chinese port
TOKYO (Reuters) - Japanese shipping firm Mitsui O.S.K. Lines Ltd said on Thursday that its ship, the "Baosteel Emotion" 226,434 deadweight-ton ore carrier, is ready to leave a Chinese port soon after ...
Wal-Mart says former CEO Scott to retire from boardWal-Mart says former CEO Scott to retire from board
(Reuters) - Wal-Mart Stores Inc <WMT.N> said former Chief Executive Officer Lee Scott and board member Chris Williams will not stand for re-election to the retailer`s board. Scott will complet...
Qualcomm faces China bribery allegations from U.S. regulatorQualcomm faces China bribery allegations from U.S. regulator
SAN FRANCISCO (Reuters) - Leading mobile chipmaker Qualcomm said on Wednesday it could face a civil action from U.S. authorities over alleged bribery of officials associated with state-owned compani...

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.