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

Pre Market | Dow Jones | Gold | Newsletters | Learn


U.S. Stocks Reverse Initial Gains, Turn Lower by Midday Trade

Monday, March 25, 2013 12:05 PM
Amid volatile trading, U.S. stocks pared initial gains to turn lower by midday trade on Monday as initial euphoria over the resolution of Cypriot bailout crisis withered out. Besides, holiday shortened trading week and profit booking ahead of the month end also stalled the rally, believes Brian Battle, vice president of trading at Performance Trust Capital Partners, according to Reuters. At last check, the Dow Jones Industrial Average Index lost 0.31%; the NASDAQ Composite Index fell 0.25% while the S&P 500 Index inched down 0.16%. In some corporate news, shares of  Dell Inc. (NASDAQ: DELL) climbed  about 2.8% by midday trade  after beleaguered PC maker confirmed that it  received  buyout offers from Blackstone Group and billionaire  investor Carl Icahn. Shares of Facebook Inc. (NASDAQ: FB) edged down about 1.90% by midday trade on Monday after the U.S. regulators approved plan to compensate market makers who lost money during the social networking giant’s botched IPO, last May. Shares of Apollo Group Inc. (NASDAQ: APOL) rallied after the for-profit education provider handed better-than-expected fiscal second quarter results and revenue. European equities also sank deep in red territory as market participants believe that the bailout deal of Cyprus sets a bad precedent for future. “Investors will once again be concerned over the security of their bank deposits,” wrote McCudden, head of derivatives at stockbroker Interactive Investor, according to CNBC-Reuters. At last check, the Pan European Stoxx 600 Index edged down 0.41%, FTSE 100 fell 0.35% while Germany’s DAX lost0.57%. Earlier today international lenders agreed to release financial assistance worth euro 10 billion to Cyprus after both parties stuck a last-minute deal, which required the island nation to restructure its overstretched banking sector and generate euro 4.2 billion from taxing unsecured deposits (over euro 100,000).
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

China growth worries rattle Asian stocks, Aussie dollarChina growth worries rattle Asian stocks, Aussie dollar
SYDNEY (Reuters) - Asian stocks stumbled to a five-week low on Monday after a batch of disappointing data out of China raised the specter of a sharp slowdown in the world`s second-biggest economy. ...
Australian dollar knocked by China data, others steadierAustralian dollar knocked by China data, others steadier
SYDNEY (Reuters) - The Australian dollar came in the cross hairs of sellers first thing on Monday, sliding to a fresh six-month low after a set of disappointing Chinese data weighed on already soft ...
Cargill fires first shot in legal battle over GMO trade responsibilityCargill fires first shot in legal battle over GMO trade responsibility
CHICAGO (Reuters) - Cargill Inc`s [CARG.UL] lawsuit against Syngenta AG <SYNN.VX> over rejections of genetically modified U.S. corn by China may be just the start of legal challenges against g...
Reform paralysis, slow progress cloud Shanghai free trade zone projectReform paralysis, slow progress cloud Shanghai free trade zone project
HONG KONG (Reuters) - A disappointing first year for Shanghai`s much-hyped free-trade zone, seen as a pet project of Premier Li Keqiang and billed as a reform laboratory, raises questions about Chin...
Bank of Portugal picks new CEO for BES successor Novo BancoBank of Portugal picks new CEO for BES successor Novo Banco
LISBON (Reuters) - The Bank of Portugal on Sunday picked a new chief executive for Novo Banco, successor to Banco Espirito Santo (BES), following the embarrassing resignation of its three top manage...

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.