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

China cuts red-tape for foreign bank branch openings, RMB businessChina cuts red-tape for foreign bank branch openings, RMB business
SHANGHAI (Reuters) - China has cut red-tape for foreign bank branch openings and entry into renminbi business, state media said on Saturday, the latest in a series of measures to liberalize the bank...
ECB's Constancio sees negative inflation rate in months ahead: magazineECB's Constancio sees negative inflation rate in months ahead: magazine
BERLIN (Reuters) - ECB Vice President Vitor Constancio said in a German magazine interview that he expected the inflation rate to turn negative in the coming months but added that if this was just a t...
ECB's Constancio sees negative inflation rate in months ahead-magazineECB's Constancio sees negative inflation rate in months ahead-magazine
BERLIN (Reuters) - European Central Bank Vice President Vitor Constancio said in a magazine interview he expected the euro zone inflation rate to turn negative in the coming months but added that if t...
Three air-bag accidents at Boeing plant lead to extra safety measuresThree air-bag accidents at Boeing plant lead to extra safety measures
SEATTLE (Reuters) - Workers at planemaker Boeing`s <BA.N> Everett plant near Seattle are following extra safety measures after three air bag-related accidents, including the death of a technicia...
Cuba expects stronger growth as relations with U.S. improveCuba expects stronger growth as relations with U.S. improve
HAVANA (Reuters) - Cuba said on Friday its economy will grow a healthy 4 percent in 2015, apparently banking on improved diplomatic and economic relations with the United States to pull it out of ye...

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