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 2014 the year you get RICH!

Latest Headlines

Nokia to name Rajeev Suri as next CEO on Tuesday: reportNokia to name Rajeev Suri as next CEO on Tuesday: report
HELSINKI (Reuters) - Nokia <NOK1V.HE>, which is set to close the sale of its phone business to Microsoft <MSFT.O>, will on Tuesday name Rajeev Suri as its next CEO and outline its new stra...
Standard & Poor's affirms France credit ratingStandard & Poor's affirms France credit rating
PARIS (Reuters) - Standard & Poor`s on Friday affirmed France`s long-term credit rating at AA and its short-term credit rating at A-1+ with a stable outlook, citing the government`s efforts to imp...
China urban jobless rate edges down to 4.08 percent at end-MarchChina urban jobless rate edges down to 4.08 percent at end-March
BEIJING (Reuters) - China created 3.44 million new jobs in cities in the first three months of this year, bringing the urban jobless rate down slightly to 4.08 percent, the labor ministry said on Frid...
Fed, OCC differ in enforcing leveraged lending guidelinesFed, OCC differ in enforcing leveraged lending guidelines
NEW YORK (Reuters) - Some major U.S. banks are privately complaining that they are getting the short end of the regulatory stick when it comes to the profitable business of lending to heavily indebt...
New report calls U.S. a 'rising star' of global manufacturingNew report calls U.S. a 'rising star' of global manufacturing
(Reuters) - Call it the comeback kid. A new ranking of the competitiveness of the world`s top 25 exporting countries says the United States is once again a "rising star" of global manufacturing th...

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.