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

Pre Market | Dow Jones | Gold | Newsletters | Learn


U.S. Stocks Turn into Red Territory

Friday, June 21, 2013 11:53 AM
U.S. stocks pared initial gains to turn sharply lower by mid-day trade on Friday as investors remain hesitant after two days of tumultuous trading sessions. At last check, the DJIA edged down 0.22%; the NASDAQ Composite Index lost 0.84% while the S&P 500 Index fell 0.44%. Shares of Zynga Inc. (NASDAQ: ZNGA) plunged about 4% by midday trade after the social game maker’s stock was downgraded to “underweight” from “equalweight” by Morgan Stanley. Shares of Oracle Corporation (NASDAQ: ORCL) slumped about 8% by midday trade. The enterprise software maker’s stock was downgraded by at least five brokerage firms on Friday after it posted lower-than-expected fiscal fourth quarter earnings. Revenue growth was also well below from company’s own initial guidance. Separately, Oracle Corp said that it will soon list itself on the New York Stock Exchange but the ticker will remain the same. Shares of CarMax Inc. (NYSE: KMX) edged down by midday trade in spite of better-than-expected fiscal first quarter results. Shares of Facebook Inc. (NASDAQ: FB) ticked higher on Friday after the social networking giant unveiled its video-sharing feature for its popular app, Instagram on Thursday. The move is expected to drive up its revenue. According to a researcher EMarketer, videos are the most favored segment for online advertisers. Asian equities ended mixed with Japan’s major benchmark, the Nikkei 225 rebounding 1.66%. Elsewhere in Europe, all leading averages turned lower after staging mild recovery in the early session. No major U.S. economic data release was due on Friday.
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 Shanghai eliminates 2015 economic growth target China's Shanghai eliminates 2015 economic growth target
BEIJING (Reuters) - Shanghai eliminated its economic growth target for this year, the city`s mayor said on Sunday, as China works to shift its focus to qualitative goals with the economy slowing. Th...
All eyes on Fed, Greece after ECB fires bazooka All eyes on Fed, Greece after ECB fires bazooka
PARIS (Reuters) - After the surprises from central banks which rocked markets at the start of the year, the U.S. Federal Reserve will be watched as closely as ever this week to see that it doesn`t s...
Should the euro zone really fear demon deflation?Should the euro zone really fear demon deflation?
BRUSSELS (Reuters) - If the multi-billion dollar consumer electronics industry can function fine with constantly falling prices, why is deflation in the broader economy such a threat? Falling pric...
Got a spare billion? Investment bankers are keen to helpGot a spare billion? Investment bankers are keen to help
LONDON (Reuters) - The growing ranks of the super rich and their increased appetite for risk have caught the eye of investment bankers. Traditionally focused on companies and institutions, investm...
Bundesbank's Weidmann casts doubt on effectiveness of ECB's QEBundesbank's Weidmann casts doubt on effectiveness of ECB's QE
BERLIN (Reuters) - Bundesbank President Jens Weidmann, an unabashed critic of the European Central Bank`s quantitative easing (QE), told a German newspaper on Sunday he had doubts about the effectiv...

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
AppleStock FREE AAPL Signals realtime daytrade signals