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

Pre Market | Dow Jones | Gold | Newsletters | Learn

Daily Pre-Market Movers
Receive our daily pre-market mover email, free.
100% secure: your email is never shared, and you may opt out at any time.

U.S. Stocks Steady by Midday Trade

Tuesday, March 26, 2013 12:20 PM
U.S. stocks traded firmly in green territory by midday trade on Tuesday as unexpectedly weak consumer sentiment index was overshadowed by S&P/Case-Shiller home price and durable goods order data. At last check, the Dow Jones Industrial Average Index gained 0.64%; the NASDAQ Composite Index edged up 0.29% while the S&P 500 Index rose 0.52%. According to the Conference Board, the consumer confidence index fell to 59.7 in March from downwardly revised reading of 68 in the previous month. Economists polled by Reuters were expecting a reading of 68. New home sales fell 4.6% in February to seasonally adjusted annual rate of 411,000 units, according to the Commerce Department. Economists were expecting a reading of 422,000 units. The drop in sales was attributed to rapid increase in home prices. In January, new home sales climbed 13.1%. Meanwhile, new home sales declined 4.6 percent in February to a seasonally adjusted annual rate of 411,000 units, according to the Commerce Department, missing estimates for a reading of 422,000. Last month's decline followed a 13.1 percent jump in January. Durable goods orders rose 5.7% in February, topping economists’ consensus expectation for 3.8% gain. However, excluding transportation equipments, durable orders declined 0.5 percent after climbing 2.9 percent in January. Economists polled by Reuters expected 0.5 percent rise in durable goods orders (excluding transportation equipment). The S&P Case/Shiller home price index for 20 metropolitan areas rose 1% in January while economists were expecting 0.9% increase. In some corporate news, shares of Supervalu Inc. (NYSE: SVU) gained after the embattled supermarket chain announced that it will cut 1,100 or 3% of its entire workforce in coming months as the need of corporate and store level functions and roles have significantly reduced following the sale of five grocery chains, few days ago. Shares of Netflix Inc. (NASDAQ: NFLX) gained after climbed as analysts at Pacific Crest boosted  their price target on the shares.
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

Man Group shares fall after report China head helping police probeMan Group shares fall after report China head helping police probe
LONDON/BEIJING (Reuters) - Shares in British hedge fund manager Man Group Plc <EMG.L> fell more than 6 percent in early trade on Tuesday following a report the head of its China unit had been ...
Japan's Amari: too early to declare end to deflation riskJapan's Amari: too early to declare end to deflation risk
TOKYO (Reuters) - Japanese Economics Minister Akira Amari said on Tuesday it is too early to say that Japan has completely escaped the risk of returning to deflation. Amari, speaking at a seminar, s...
Cybersecurity Becomes An Even Bigger Problem For U.S. FirmsCybersecurity Becomes An Even Bigger Problem For U.S. Firms
A recent spate of high-profile hacking attacks at big name U.S. firms like Target Corporation (NYSE: TGT ) and Home Depot Inc (NYSE: HD ) have created heightened awareness among business leaders...
Law firm targets Google foes for private damages claimsLaw firm targets Google foes for private damages claims
BRUSSELS (Reuters) - U.S. law firm and class action specialist Hausfeld launched a platform on Tuesday to help pursue claims against Google, posing a potential headache for the world`s No. 1 Interne...
Euro zone factory growth eases in August despite modest price rises - PMIEuro zone factory growth eases in August despite modest price rises - PMI
LONDON, (Reuters) - Euro zone manufacturing growth eased last month, despite factories barely raising prices, adding to the European Central Bank`s woes as it battles to spur expansion and inflation, ...

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.