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

Pre Market | Dow Jones | Gold | Newsletters | Learn


U.S. Stocks Rebound

Thursday, June 13, 2013 11:50 AM
U.S. stocks pared initial weakness to turn higher by mid-day trade on Thursday as investors cheered better-than-expected economic data; however, overall market sentiment is likely to remain wobbly until the Federal Reserve announces its interest rate policy stance, next week. Concerns over early tapering of the economic stimulating measures amid improving macroeconomic environment, has kept investors on the tenterhooks. At last check, the DJIA added 0.24%; the NASDAQ Composite Index gained 0.17% while the S&P 500 Index advanced0.25% Shares of Gannett Company (NYSE: GCI) and shares of Belo Corp. (NYSE: BLC) skyrocketed more than 20% by midday trade. Earlier today, Gannett said that it has agreed to purchase Belo Corp in deal valued at $1.5 billion. Gannett would pay $13.75 a share, which represents 28.1% over Belo Corp’s Wednesday’s closing stock price. Shares of Safeway Inc. (NYSE: SWY) rallied about 8.5% by afternoon trade. Empire Company Ltd, which own grocery chain Sobeys Inc., said on Wednesday that it has agreed to acquire Safeway’s Canadian operations in a deal valued at $5.7 billion. Safeway said that it would use the proceeds towards repaying the debt and remainder cash will be used for shares buyback. Earlier today, a data provided by the Labor Department showed that weekly jobless claims fell to 334,000 for the last week from 346,000, a week before. Economists polled by Reuters were expecting claims to remain almost flat at 345,000. U.S. retail sales climbed 0.6% in May, beating analysts’ forecast for 0.3% gains. Elsewhere in Europe, equities trimmed losses but were mainly lower with pan European Stoxx 600 down 0.22%, 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

Alibaba set to launch IPO roadshow week of September 8: New York TimesAlibaba set to launch IPO roadshow week of September 8: New York Times
HONG KONG (Reuters) - Chinese e-commerce company Alibaba Group Holding Ltd is set to start formally pitching its New York initial public offering to investors in the week of Sept. 8, the New York Time...
Indian investigators drop coal scam case against billionaire BirlaIndian investigators drop coal scam case against billionaire Birla
NEW DELHI (Reuters) - India`s Central Bureau of Investigation (CBI) has closed a coal scam case against billionaire Kumar Mangalam Birla and a former top bureaucrat that emerged in 2012 after an audit...
China graft watchdog probes another executive at Chinese car makerChina graft watchdog probes another executive at Chinese car maker
BEIJING (Reuters) - China`s anti-graft watchdog has said it is investigating a former senior executive at FAW Group Corp. for corruption, the latest target in a widening probe against the company. S...
ECB ready to adjust monetary policy, Coeure says in Greek paperECB ready to adjust monetary policy, Coeure says in Greek paper
ATHENS (Reuters) - The European Central Bank is ready to adjust its monetary policy further if needed and boost bank liquidity, ECB executive board member Benoit Coeure said in an essay published in G...
Exclusive: Bitcoin promoter to plead guilty to unlicensed money transmissionExclusive: Bitcoin promoter to plead guilty to unlicensed money transmission
NEW YORK (Reuters) - Bitcoin entrepreneur Charlie Shrem has reached a plea deal to resolve U.S. charges that he engaged in a scheme to sell over $1 million of the digital currency to users of illici...

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.