Stock Market Watch

Stocks Hold Mild Gains

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U.S. equities held modest gains by mid-day trade on Monday, as lack of economic data or earnings results kept investors somewhat quite; however, European equities rallied amid reports that Greece will be offered next round of financial aid.

At last check, the Dow Jones gained 0.52%; the NASDAQ Composite Index inched up 0.07% while the S&P 500 Index added 0.49%.

Facebook Inc. (NASDAQ: FB) is all set to roll out its advanced search feature, Graph Search from Monday, according to technology blog, All Things D. The social networking giant introduced its beta version more than 6 months ago. The Company said that it was satisfied with the response and believe that the new feature is ready for masses. For the time being, this new feature will be only available on its website. The Company said that that it was working on the mobile version.

The aluminum giant, Alcoa Inc. (NYSE: AA) is scheduled to report its fiscal second-quarter results, after the closing bell.

Shares of Priceline.com Inc. (NASDAQ: PCLN) climbed about 2.70% by mid-day trade. The online travel manager’s stock was upgraded to “overweight” from “equal-weight” by Morgan Stanley on Monday.

Shares of Intel Corporation (NASDAQ: INTC) plunged about 3.40% by mid-day trade after Evercore Partners downgraded the stock to “underweight” from “equal weight”.

Elsewhere in Europe, all leading benchmark indexes rallied on Monday. According to news reports, debt laden Greece is most likely to receive its next tranche of financial aid from international lenders. At last check, the pan European Stoxx 600 index climbed 1.63%, the FTSE 100 jumped 1.53% while DAX leaped 2.38%.

Asian equities ended sharply lower. The benchmark Shanghai Composite Index tumbled almost 2.50% amid reports that Beijing will no more finance sectors that are struggling with overcapacity.

 








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edliston
Post Written By: Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.

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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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