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 2014 the year you get RICH!

Latest Headlines

Fed nods to firmer inflation, still focused on labor weaknessFed nods to firmer inflation, still focused on labor weakness
WASHINGTON (Reuters) - The Federal Reserve on Wednesday upgraded its assessment of the U.S. economy, taking note of a decline in the jobless rate and signaling more comfort that inflation was moving...
Bank of America ordered to pay $1.27 billion for Countrywide fraudBank of America ordered to pay $1.27 billion for Countrywide fraud
NEW YORK (Reuters) - A federal judge on Wednesday ordered Bank of America Corp <BAC.N> to pay $1.27 billion of damages after a federal jury found the second-largest U.S. bank liable for fraud ov...
Bank of America ordered to pay $1.27 bln for Countrywide fraudBank of America ordered to pay $1.27 bln for Countrywide fraud
NEW YORK (Reuters) - A federal judge on Wednesday ordered Bank of America Corp <BAC.N> to pay $1.27 billion of damages after a federal jury found the second-largest U.S. bank liable for fraud ...
Hyundai recalls 883,000 Sonata sedans in U.S. for transmission issueHyundai recalls 883,000 Sonata sedans in U.S. for transmission issue
DETROIT (Reuters) - South Korean automaker Hyundai Motor Co <005380.KS> will recall about 883,000 Sonata mid-sized sedans in the United States and Puerto Rico because a potentially defective tra...
Pimco's Gross says income, not capital gains, to drive returnsPimco's Gross says income, not capital gains, to drive returns
NEW YORK (Reuters) - Bill Gross, manager of the world`s largest bond fund, said Wednesday that income, rather than capital gains, would drive future investment returns as a result of low global econ...

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.