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

Pre Market | Dow Jones | Gold | Newsletters | Learn


U.S. Stocks Swing into Green Territory, European Stocks End Mostly Lower

Wednesday, February 6, 2013 1:30 PM
U.S. stocks recovered sharply to swing back into green territory by mid-day trading as continued avalanche of strong earnings reports overshadowed concerns over Spain and Italy. At last check, the Dow Jones Industrial Average Index added 0.07%; the NASDAQ Composite Index inched up 0.08% while the S&P 500 Index ticked higher 0.06%. Shares of Apple Inc. (NASDAQ: AAPL) gained after Bill Miller, a globally renowned mutual fund manager said in an interview to the Financial Times that iPhone maker’s enterprise value could jump  50% if it is able to manage $137 million on its balance sheet and channels future free cash flows towards dividends. Ralph Lauren Corp. (NYSE: RL) shares rallied almost 8% by mid-day trade after the apparel retailer’s holiday quarter sales and earnings surprised the Street. The improvement was attributed to robust demand in Americas and Europe. C. H. Robinson Worldwide Inc. (NASDAQ: CHRW) shares slumped nearly 10% by mid-day trading session after the multimodal transportation services provider’s quarterly earnings failed to match Street’s expectation even as  Jefferies slashed its price target on the stock. Shares of online social gaming company Zynga Inc. (NASDAQ: ZNGA) rallied on Wednesday after it reported better-than-expected revenue in the fiscal fourth quarter while net losses also narrowed thanks to aggressive cost cutting measures. After going through a very rough patch in fiscal 2012, Company’s CEO said that fiscal 2013 will be a “pivotal transition year" for Zynga as it looks to gain traction in mobile gaming business. Directory services and social networking website, Yelp Inc. (NYSE: YELP) is scheduled to report quarterly earnings after closing bell. Elsewhere in Europe, mainly all leading benchmark indexes ended lower on Wednesday as investors wait for the European Central Bank’s policy rate statement on Thursday. The Pan European Stoxx 600 Index lost 0.36%, the FTSE 100 gained 0.20% while DAX plunged 1.09%.
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

A Deeper Dive Into Home Depot's Flash CrashA Deeper Dive Into Home Depot's Flash Crash
A half hour before the market closed on Tuesday, shares of The Home Depot, Inc. (NYSE: HD ) experienced a flash crash. Benzinga spoke with Dennis Dick, co-host of the #Premarket Prep show, about ...
Europe not at risk of full-blown deflation: ECB's ConstancioEurope not at risk of full-blown deflation: ECB's Constancio
FLORENCE Italy (Reuters) - Europe is not at risk of sliding into "full deflation" but the current rate of inflation is dangerously low, European Central Bank Vice President Vitor Constancio said on Sa...
China's rate-cut likely to hurt banks, curb new loans to small borrowersChina's rate-cut likely to hurt banks, curb new loans to small borrowers
SHANGHAI (Reuters) - China`s latest interest rate cut is set to dent the profitability of domestic lenders, especially mid-sized banks, which are already suffering from higher bad loans and a slowdo...
China's ICBC to set up offshore yuan center in Los AngelesChina's ICBC to set up offshore yuan center in Los Angeles
BEIJING (Reuters) - China`s Industrial and Commercial Bank (ICBC) signed a pact with the Los Angeles city government to promote cross-border yuan trade and set up an offshore renminbi center in Cali...
Chinese premier urges 'new growth engines' amid slowing economy: XinhuaChinese premier urges 'new growth engines' amid slowing economy: Xinhua
BEIJING (Reuters) - Chinese Premier Li Keqiang has called for "new growth engines" to counter slowing growth in the world`s second largest economy, Xinhua reported late on Friday. The comments cam...

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.

Algorithm Based
Trade Signals
arrow
small cap swing trades SmallCaps stocks under $10
Index Signals Index Signals SPY, QQQ, DIA, IWM
options trading Mega Stocks options + stock trade signals
Forex Forex Signals major FX pairs signals