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

Pre Market | Dow Jones | Gold | Newsletters | Learn


U.S. Stocks Edge Lower in Early Trading

Tuesday, March 12, 2013 9:47 AM
U.S. stocks edged lower in early trading on Tuesday as Wall Street investors pause and weigh record high valuations. At last check, the Dow Jones Industrial Average Index slipped 0.07%; the NASDAQ Composite Index fell 0.32% while the S7P 500 Index dropped 0.14%. Shares of Costco Wholesale Corporation (NASDAQ: COST) gained in early trading hours on Tuesday after the warehouse club chain posted better than expected revenue growth in the fiscal second quarter, late last evening. Same-store sales, excluding impact of inflation in gasoline prices and currency fluctuation, increased 5% as U.S. consumers preferred buying cheaper products in bulk due to shaky macroeconomic environment. Shares of Yum! Brands Inc. (NYSE: YUM) rose sharply in early trading after the parent company of KFC, Pizza Hut and Taco Bell said that same-store-sales in China fell less-than-feared. Elsewhere in Europe, mainly all leading benchmark indexes held mild gains as the market sentiment improved significantly after both Spain and Italy successfully auctioned their sovereign bonds, albeit Italy’s borrowing cost soared. The spread between Italy’s and Spain’s borrowing cost has shrunk to 8 basis points. In Germany, the Economy Ministry said the economy was on the course to rebound, amid significantly improved confidence in the euro zone and signs of recovery in the global economy. However, manufacturing output in the U.K. fell 1.5% in January against economists’ expectation of 0.1% increase. In Japan, the consumer sentiment index for February jumped to highest level in last five and a half years; nevertheless, it failed to inspire investors as nearly all leading benchmark indexes ended lower on Tuesday. The Nikkei 225 lost 0.28% while China’s benchmark index, the SSE plunged 1.04%. In some other markets, crude oil futures gained 0.75% to $92.75 a barrel while U.S. gold futures for April delivery climbed 1.01% to $1,594.0 an ounce.
PRINT

FREE Options Trading Lessons
I'll show you how to unlock HUGE Gains with Options Trading
Let's make 2015 the year you get RICH!

Latest Headlines

Oil falls 1 percent on weak China outlook, higher Libya productionOil falls 1 percent on weak China outlook, higher Libya production
SINGAPORE (Reuters) - Oil fell about 1 percent on Monday after posting its first monthly rise since June, pressured by continued weakness in China`s vast manufacturing sector and higher Libyan crude...
Oil falls on supply concerns; pick-up in China manufacturing helpsOil falls on supply concerns; pick-up in China manufacturing helps
SINGAPORE (Reuters) - Oil stayed in the red on Monday on supply concerns despite partly recovering from earlier losses after a private business survey showed an improvement in China`s manufacturing ...
China February HSBC PMI at seven-month high China February HSBC PMI at seven-month high
BEIJING (Reuters) - Activity in China`s factory sector edged up to a seven-month high in February but export orders shrank and deflationary pressures persisted, a private business survey showed, addin...
Asia edges higher after China rate cut, euro slipsAsia edges higher after China rate cut, euro slips
TOKYO (Reuters) - Asian stocks edged higher on Monday as China`s weekend interest rate cut partially offset soft U.S. data, while the dollar hit a five-week high against the euro. China on Saturda...
China's economic growth expected to slow to 7 percent in first: state think tankChina's economic growth expected to slow to 7 percent in first: state think tank
SHANGHAI (Reuters) - China`s economy is expected to slow to an annual 7 percent in the first quarter of this year, a top Chinese government think tank said in a research report, a sign policy makers w...

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
AppleStock FREE AAPL Signals realtime daytrade signals