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 2015 the year you get RICH!

Latest Headlines

China's Commerce Ministry defends devaluation, sees 'limited' impactChina's Commerce Ministry defends devaluation, sees 'limited' impact
BEIJING (Reuters) - China on Saturday defended the recent revamp of its foreign exchange regime that led to a sharp devaluation of the yuan, calling it a "normal adjustment". State news agency Xinhu...
FedEx pilot union's executive council votes in favor of labor contractFedEx pilot union's executive council votes in favor of labor contract
(Reuters) - FedEx Corp <FDX.N> pilot union`s executive council has voted in favor of a tentative contract that seeks better employment terms including higher hourly pay rates and retirement plan...
Stock market volatility could slow cooling IPO marketStock market volatility could slow cooling IPO market
(Reuters) - The stock market turmoil of the last five days, following weeks of broader declines that have left half of this year`s newly listed stocks below their offering prices, could slow the alr...
Exclusive: Russia's Kaspersky threatened to 'rub out' rival, email showsExclusive: Russia's Kaspersky threatened to 'rub out' rival, email shows
SAN FRANCISCO (Reuters) - In 2009, Eugene Kaspersky, co-founder of one of the world`s top security companies, told some of his lieutenants that they should attack rival antivirus software maker AVG ...
United Airlines to revamp scheduling to fight flight delaysUnited Airlines to revamp scheduling to fight flight delays
CHICAGO (Reuters) - United Airlines plans to change the way it schedules flights and to use new technology to tackle the delays and cancellations that have hurt its competitiveness, company executiv...

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.