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

Pre Market | Dow Jones | Gold | Newsletters | Learn


U.S. Stocks Pare Losses but Still Trading Marginally Lower

Wednesday, March 13, 2013 12:11 PM
U.S. stocks struggled to march ahead by mid-day trade on Wednesday after 8 days of winning streak paused at the Dow Jones Index; however, unexpectedly strong retail sales data from the Commerce Department prevented heavy losses. At last check, the Dow Jones Industrial Average Index slipped 0.07%; the NASDAQ Composite Index slid 0.08% while the S&P 500 Index inched down 0.03%. Shares of Netflix Inc. (NASDAQ: NFLX) gained on Wednesday after the movie streaming and DVD rental company said that it has introduced new features which would allow its U.S. based subscribers to sync their Netflix accounts with Facebook (NASDAQ: FB). With the help of this new feature, Netflix users will not only be able to share with their Netflix-movie watching friends what they saw on Netflix video services but also be able to show their movie watching history to Facebook friends. Shares of Express Inc. (NYSE: EXPR) slumped on Wednesday after the apparel and accessories retailer provided downbeat outlook on the current quarter, citing drop in customer-traffic at its stores in February and fall in average billing. The Company expects same-store-sales will either decline or remain flat in the fiscal first quarter. However, the Company handed better-than-expected fiscal fourth quarter results. Earlier today, a data provided by the Commerce Department showed that retail sales in February jumped by 1.1% while economists’ consensus estimate was for 0.5% increase. January’s retail sales were upwardly revised to 0.2% from 0.1%. A separate data provided by the Commerce Department showed that business inventories jumped 1% in January, a biggest increase in last 18 months. Economists polled by Reuters were expecting 0.4% gain. Elsewhere in Europe, mainly all leading benchmark indexes traded lower as the market sentiment was hurt by more-than-expected contraction in the euro zone’s industrial output in January.
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 stocks fall despite fresh policy support, Hong Kong up China stocks fall despite fresh policy support, Hong Kong up
SHANGHAI (Reuters) - China stocks had another highly volatile session by midday on Thursday despite fresh government measures aimed at putting a floor under the market`s recent sell-off. Hong Kong`s...
China stocks retreat despite new moves to stave off crashChina stocks retreat despite new moves to stave off crash
SHANGHAI (Reuters) - Chinese stocks fell on Thursday in another highly volatile session even as regulators intensified efforts to put a floor under the sliding market. Before the market opened, Chin...
Asia stocks rise for third day though Greece, China concerns weighAsia stocks rise for third day though Greece, China concerns weigh
HONG KONG (Reuters) - Asian stocks rose for a third consecutive day on Thursday though widening cracks in Chinese stocks and Greece`s standoff with its creditors capped gains while the dollar was bo...
Asia shares subdued by Greek anxiety, dollar stands tallAsia shares subdued by Greek anxiety, dollar stands tall
TOKYO (Reuters) - Asian stocks were subdued on Thursday as Greece`s refusal to back down in a standoff with its creditors kept most markets on edge, while the dollar got a boost from upbeat U.S. eco...
ArcelorMittal Mexico unit to slash 2,800 jobs ArcelorMittal Mexico unit to slash 2,800 jobs
MONTERREY (Reuters) - ArcelorMittal, the world`s largest producer of steel, will cut 2,800 jobs at its Mexico unit as global prices slump, it said in a joint statement with local competitors on Wednes...

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.