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

Pre Market | Dow Jones | Gold | Newsletters | Learn


U.S. Stocks Remain in Red Territory

Tuesday, March 12, 2013 12:06 PM
U.S. stocks continued to hover in red territory by mid-day trade on Tuesday as sentiment was slightly downbeat following disappointing economic data from the U.K, which overshadowed successful bond auctioning in Italy and Spain and better than expected small business optimism reading in the U.S. However, stocks are still hovering around all-time high level. At last check, Dow Jones Industrial Average Index slipped 0.04%; the NASDAQ Composite Index fell 0.49% while the S&P 500 Index lost 0.27%. A data provided by the National Federation of Independent Business showed that small-business optimism index for February rose to 90.8 from 88.9 in January, edging past analysts’ expectation of 90. Shares of VeriFone Systems (NYSE: PAY) gained about 5.50% by midday trade as the maker of card-payment systems announced that its CEO, Douglas Bergeron, will step down from his role after remaining for 12 year at the helm of affairs. Shares of Yum! Brands Inc. (NYSE: YUM) edged up after the parent Company of KFC, Pizza Hut and Taco Bell said that same-store sales in China fell less than expected in first two months of 2013.  Sales fell sharply at its KFC stores in China during last two weeks of December following TV report which showed that some of its chicken products contained more-than-desired levels of antibiotics and hormones. As result Chinese consumers deserted KFC stores in droves. The Company was expecting 25% drop in same-store-sales at its KFC stores but it fell by 24% while same-store-sales at Pizza Hut rose 2%. In the U.K. manufacturing output in January contracted 1.5%, while economists’ expectation was for 0.1% increase. Following the data release the Pound Sterling fell to its 2-½ year low against the U.S. dollar. Spain and Italy successfully raised its targeted amount of money through successful bond auctioning although borrowing cost for Rome rose sharply. The Pan European Stoxx 600 Index was inching up 0.07%, FTSE was gaining 0.26% while DAX was down 0.32%, 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

Stock market volatility could slow cooling IPO marketStock market volatility could slow cooling IPO market
(Reuters) - The stock market turmoil of the last five days, following weeks of broader declines that have left half of this year`s newly listed stocks below their offering prices, could slow the alr...
Exclusive: Carlyle looks to sell Landmark Aviation for $1.7 billion: sourcesExclusive: Carlyle looks to sell Landmark Aviation for $1.7 billion: sources
(Reuters) - Carlyle Group LP <CG.O> has been exploring a sale of aircraft leasing and maintenance company Landmark Aviation for as much as $1.7 billion, according to people familiar with the m...
Exclusive: Russia's Kaspersky threatened to 'rub out' rival, email showsExclusive: Russia's Kaspersky threatened to 'rub out' rival, email shows
SAN FRANCISCO (Reuters) - In 2009, Eugene Kaspersky, co-founder of one of the world`s top security companies, told some of his lieutenants that they should attack rival antivirus software maker AVG ...
United Airlines to revamp scheduling to fight flight delaysUnited Airlines to revamp scheduling to fight flight delays
CHICAGO (Reuters) - United Airlines plans to change the way it schedules flights and to use new technology to tackle the delays and cancellations that have hurt its competitiveness, company executiv...
Unions set sights on e-commerce and manufacturing firms after NLRB rulingUnions set sights on e-commerce and manufacturing firms after NLRB ruling
(Reuters) - U.S. union leaders said on Friday that a landmark U.S. labor board ruling on companies` obligations toward contract and franchise workers would help them organize manufacturers and e-com...

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.