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

Global economy starts second half on solid footing: PMIsGlobal economy starts second half on solid footing: PMIs
(Reuters) - China`s factory activity expanded at its fastest in 18 months in July as new orders surged while the euro zone`s private sector also perked up, suggesting the global economy started the ...
In China, Apple's focus pays off while Samsung feels squeezeIn China, Apple's focus pays off while Samsung feels squeeze
BEIJING (Reuters) - The mobile industry has long held that Samsung`s broad range of mobile devices makes it nimble in changing markets, while Apple loses out by rigidly sticking to its high-end gadget...
Former BES CEO Salgado taken to court, to appear before judge: officialFormer BES CEO Salgado taken to court, to appear before judge: official
LISBON (Reuters) - Ricardo Espirito Santo Salgado, the patriarch of Portugal`s troubled Espirito Santo banking family and former CEO of Banco Espirito Santo <BES.LS>, was detained by law officia...
Former BES CEO Salgado detained, to appear before judge: officialFormer BES CEO Salgado detained, to appear before judge: official
LISBON (Reuters) - Ricardo Espirito Santo Salgado, the patriarch of Portugal`s beleaguered Espirito Santo banking family and former CEO of Banco Espirito Santo <BES.LS>, was detained by law of...
Euro inches up from eight-month low on upbeat business surveysEuro inches up from eight-month low on upbeat business surveys
LONDON (Reuters) - The euro climbed from an eight-month low on Thursday after German and French business activity beat expectations, although fears that possible tougher sanctions on Russia would hu...

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.