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

Fiat Chrysler CEO says no news on approach to GM but consolidation goodFiat Chrysler CEO says no news on approach to GM but consolidation good
TURIN (Reuters) - Consolidation continues to be necessary in the auto industry but there is nothing new to report on Fiat Chrysler`s <FCHA.MI> <FCAU.N> desire for a tie-up with General Mot...
Exclusive: Europeans tried to block IMF debt report on Greece: sourcesExclusive: Europeans tried to block IMF debt report on Greece: sources
BRUSSELS (Reuters) - Euro zone countries tried in vain to stop the IMF publishing a gloomy analysis of Greece`s debt burden which the leftist government says vindicates its call to voters to reject ...
Greek chaos brings valuations headache for fund firmsGreek chaos brings valuations headache for fund firms
LONDON (Reuters) - Fund firms with even token exposure to Greece hope Athens will soon reopen its stock exchange so they can wave goodbye to the `guess-work` of valuing their funds. The closure of...
Global business growth at five-month low as prices jump - PMIGlobal business growth at five-month low as prices jump - PMI
LONDON (Reuters) - Global business growth was at its weakest since the start of the year in June as firms hiked prices at the fastest rate in nine months, a survey showed on Friday. JPMorgan`s Globa...
Factbox - What can the Swiss central bank do to stem the franc's rise?Factbox - What can the Swiss central bank do to stem the franc's rise?
ZURICH (Reuters) - Switzerland`s central bank is fighting to keep the value of the franc down as Greece enters a new period of uncertainty and political turmoil that may spur safe-haven inflows into t...

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.