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

Pre Market | Dow Jones | Gold | Newsletters | Learn


U.S. Stocks Inch Lower in Early Trading

Tuesday, January 22, 2013 11:12 AM
U.S. stocks traded lower during early trade on Tuesday as Wall Street investors weigh mixed bag of corporate earnings and wait for results from heavyweights after the closing bell. At last check, the Dow Jones Industrial Average Index was flat; the NASDAQ Composite Index fell 0.15% while the S&P 500 Index inched lower 0.09%. Shares of Johnson & Johnson (NYSE: JNJ) edged lower in early trade on Tuesday after the company’s fiscal fourth quarter revenue fell short of Street’s estimate; however earnings  on Non GAAP basis beat analysts’ forecast. Shares of chemical giant DuPont (NYSE: DD) and insurance company, and The Travelers Companies Inc. (NYSE: TRV) gained after both companies’ fiscal fourth quarter earnings bettered Wall Street’s expectations. After the closing bell, International Business Machines Corp. (NYSE: IBM) and tech giant Google Inc. (NASDAQ: GOOG), Texas Instruments Inc. (NASDAQ: TXN) and Archer Daniels Midland Company (NYSE: ADM ) are scheduled to report fiscal fourth quarter earnings. In spite of fiscal fourth quarter earnings on adjusted basis missing street’s estimate, shares of telecommunications giant Verizon Communication Inc. (NYSE: VZ) edged higher in early trade. Asian equities mainly ended lower as investors were disappointed by Bank of Japan’s new economic stimulating measures. Although the bank introduced an open ended asset purchase program and upped the inflation target to 2% from 1%, its reluctance to continue with economic stimulating measures until 2014, weighed on the sentiment. The Nikkei Index fell 0.35% while China’s SSE ended 0.56% lower. In Germany, The ZEW indicator, a gauge on economic sentiment, rose to 31.5 in January from 6.9 in December, beating economists’ expectation for a reading of 12.00. Markets, however, traded  mainly lower with Stoxx 600 losing 0.13%, FTSE 100 almost flat while Germany’s DAX falling 0.77%, at last check.
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: China meat supplier faced claims last year over unethical work practicesExclusive: China meat supplier faced claims last year over unethical work practices
SHANGHAI (Reuters) - Shanghai Husi Food, the U.S.-owned Chinese food supplier at the center of a meat safety scandal, won a court case earlier this year against a former quality control officer whos...
BNP Paribas to pay $80 million for defrauding U.S. Agriculture DepartmentBNP Paribas to pay $80 million for defrauding U.S. Agriculture Department
WASHINGTON (Reuters) - The U.S. Justice Department announced on Thursday that a Federal court entered judgment against French bank BNP Paribas for $80 million for defrauding a program designed to en...
Asian shares inch down from this week's three-year highsAsian shares inch down from this week's three-year highs
TOKYO (Reuters) - Asian shares pulled away from this week`s three-year highs on Friday after a mostly flat day on Wall Street, though a fresh S&P closing record and upbeat U.S. employment data u...
Britain's economy set, finally, to recover ground lost to crisisBritain's economy set, finally, to recover ground lost to crisis
LONDON (Reuters) - Britain`s economy is set to pass a landmark on Friday when official data will probably show that it is bigger than it was before the financial crisis struck six years ago. Gross...
McDonald's takes chicken nuggets off menu in Hong Kong amid food scareMcDonald's takes chicken nuggets off menu in Hong Kong amid food scare
HONG KONG (Reuters) - McDonald`s Corp has suspended sales of chicken nuggets and other items in Hong Kong after it said it had imported products from Shanghai Husi Food, the U.S.-owned company at the ...

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.