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 2015 the year you get RICH!

Latest Headlines

Health insurer Anthem profit rises 17.5 percentHealth insurer Anthem profit rises 17.5 percent
(Reuters) - Health insurer Anthem Inc <ANTM.N> reported a 17.5 percent rise in quarterly earnings helped by strong performance in its commercial and government businesses. Net income rose to $...
Microsoft launches much-awaited Windows 10Microsoft launches much-awaited Windows 10
(Reuters) - Microsoft Corp <MSFT.O> launched its much-awaited Windows 10 operating system at midnight on Wednesday. Windows 10, which comes almost three years after the launch of the company`s...
Greek PM says will not implement measures beyond those set at summitGreek PM says will not implement measures beyond those set at summit
ATHENS (Reuters) - Greek Prime Minister Alexis Tsipras said on Wednesday that his government would not implement reform measures beyond what was agreed with lenders at a euro zone summit earlier this ...
UK July retail sales growth slows, outlook weakens: CBIUK July retail sales growth slows, outlook weakens: CBI
LONDON (Reuters) - British annual retail sales growth slowed in July, despite a big rise in clothing purchases, and is expected to weaken further next month, a survey by the Confederation of British I...
ECB disappointed euro zone has not brought founding economies closerECB disappointed euro zone has not brought founding economies closer
FRANKFURT (Reuters) - The European Central Bank said on Wednesday that the euro zone`s founding members had diverged economically, a "disappointing" outcome that goes against the premise that a common...

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.