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 2015 the year you get RICH!

Latest Headlines

Germans fret over Europe's future but still believeGermans fret over Europe's future but still believe
BRUSSELS (Reuters) - The battle for Europe will be won or lost in Germany. On some days recently, it has looked like it might be lost. But that is to underestimate the deep German commitment to th...
Former teenage soldier hatches millions from Chinese egg futures Former teenage soldier hatches millions from Chinese egg futures
SHANGHAI (Reuters) - A decade ago Zhang Xiongjie was a teenage infantryman patrolling China`s bleak border with North Korea. Now he stays in swanky hotels and drives a Mercedes Benz CLS - a remark...
Verizon's workers say no strike for now, union talks continueVerizon's workers say no strike for now, union talks continue
NEW YORK (Reuters) - Verizon Communications Inc and the unions representing its wireline unit employees on the U.S. East Coast said work will go on and talks continue after their current contract ex...
China central bank official sees downward pressure on economy persisting: paperChina central bank official sees downward pressure on economy persisting: paper
BEIJING (Reuters) - Downward pressure on China`s economy will persist in the second half of the year as growth in infrastructure spending and exports is unlikely to pick up, a senior central bank offi...
Egypt says over 50 percent of conference promises turned into projectsEgypt says over 50 percent of conference promises turned into projects
CAIRO (Reuters) - Egypt has turned more than 50 percent of initial agreements signed at an investor conference in Sharm El Sheikh in March into investment projects, the planning minister said on Satur...

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.