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

China says will not alter policy because of one economic indicatorChina says will not alter policy because of one economic indicator
BEIJING (Reuters) - China will not dramatically alter its economic policy because of any one economic indicator, Finance Minister Lou Jiwei said on Sunday, in remarks that came days after many economi...
ESM's chief says EU, IMF in no mood for a Greek debt haircutESM's chief says EU, IMF in no mood for a Greek debt haircut
ATHENS (Reuters) - Greece`s international creditors have no appetite for considering a haircut as a way to lighten its debt load, the head of the European Stability Mechanism, the euro zone`s bailou...
German industry lobby cuts growth forecast on crisesGerman industry lobby cuts growth forecast on crises
BERLIN (Reuters) - Germany`s main industry lobby has cut its 2014 growth forecasts for Europe`s largest economy, saying the crises in Ukraine, Iraq and the Middle East were creating uncertainty for co...
EU mulls tapping unused rescue funds to boost investment: paperEU mulls tapping unused rescue funds to boost investment: paper
BERLIN (Reuters) - Unused funds in the euro zone`s rescue mechanism could be used to boost investment across the continent and help it recover from the worst financial crisis in a generation, accordin...
German defense industry threatens to move production abroadGerman defense industry threatens to move production abroad
FRANKFURT (Reuters) - Germany`s defense industry lobby has warned that companies were looking into shifting production abroad in response to the country`s restrictive arms export policy. "All large ...

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.