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

Pre Market | Dow Jones | Gold | Newsletters | Learn


U.S. Stocks Edge Lower

Wednesday, March 13, 2013 9:52 AM
U.S. stocks edged lower in early trading notwithstanding unexpectedly strong retail sales data. At last check, the Dow Jones Industrial Average Index fell 0.18%; the NASDAQ Composite Index edged down 0.27% while the S&P 500 Index lost 0.17%. A data provided by the U.S. Commerce Department showed that retail sales in February climbed more than expected, substantiating the belief that the U.S. economy was rebounding. Even though gasoline prices shot up, Americans kept buying motor vehicles and spent money on other discretionary items. The data showed that retail sales climbed 1.1% in February, against economists’ expectation for 0.5% gain.   This was the biggest jump in retail spending since last September. Meanwhile, retail sales for January were upwardly revised to 0.2% from initial estimation of 0.1% gain. Shares of Dole Food Company (NYSE: DOLE) slumped over 8% in early trading hours after the fruit and vegetable producer reported that it swung into a loss in its fiscal fourth quarter while revenue also fell short of Street’s estimates. The Company cited weaker sales of fresh fruits and costs associated with divesture for its disappointing showing. Shares of Coach Inc. (NYSE: COH) gained in early trading hours after the luxury bag maker’s stock was upgraded by Citi to “buy” from “neutral”, citing stock has transformed from a “growth stock” to a “value stock.” Elsewhere in Europe, mainly all leading benchmark indexes traded lower as the market sentiment was subdued after a data release showed that that euro zone’s industrial output in January contracted more than expected. At last check, the Pan European Stoxx 600 Index edged down 0.19%. Elsewhere, in Asia markets ended lower as investors are worried about China’s stringent measures which aim to curb property buying. China’s benchmark index, the SSE plunged 0.99% while Hong Kong’s Hang Seng fell 1.46% for the day.  
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

China May services trade deficit widens to $18.3 billion as Chinese tourists splurgeChina May services trade deficit widens to $18.3 billion as Chinese tourists splurge
BEIJING (Reuters) - China`s trade deficit in services widened to $18.3 billion in May, as Chinese tourists continued to spend more abroad than foreigners visiting the country, the foreign exchange reg...
Delaware judge dismisses shareholder lawsuit over GM recallDelaware judge dismisses shareholder lawsuit over GM recall
(Reuters) - General Motors Co <GM.N> said a judge in Delaware has dismissed a lawsuit by shareholders who wished to recoup losses stemming from the recall of millions of vehicles with an ignitio...
Japan real wages continue to fall in May despite tight job marketJapan real wages continue to fall in May despite tight job market
TOKYO (Reuters) - Japan`s inflation-adjusted real wages slid in May from a year earlier despite a tightening job market to register a 25th straight month of decline, according to data released on Tues...
Japan's Amari says Greek crisis won't severely hurt global economyJapan's Amari says Greek crisis won't severely hurt global economy
TOKYO (Reuters) - Japanese Economics Minister Akira Amari said on Tuesday the Greek debt crisis won`t inflict severe damage to the global economy as long as policymakers respond calmly to the situatio...
Euro holds gains vs. dollar as Greek debt saga plays outEuro holds gains vs. dollar as Greek debt saga plays out
TOKYO (Reuters) - The euro held on to gains on Tuesday after surging against the dollar as the initial shock of seeing Greece heading for a debt default eased slightly, but tensions remained high as...

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.