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Showing posts with the label 9 April 2013

Wall Street at Close Report, 9 April 2013.: Stock surge lifts Dow to record-high close; by Kate Gibson, MarketWatch.

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NEW YORK (MarketWatch) — U.S. stock indexes rose on Tuesday, lifting the Dow Jones Industrial Average to a record high, as Wall Street embraced the start of first-quarter earnings .  “The fundamentals are too good to put a ceiling on the market. During the fourth quarter, companies gave very, very muted outlooks on the first quarter, so earnings might be mildly surprising on the upside,” said Margie Patel, senior portfolio manager at Wells Capital Management.   Ron Johnson out at J.C. Penney J.C. Penney fires Ron Johnson as CEO after 17 months at the helm.  After climbing 102.98 points to an all-time intraday high of 14,716.46, the Dow Jones Industrial Average DJIA +0.41%   finished at a record closing high of 14,673.46, up 59.98 points. Microsoft Corp.

MarketWatch I U.S. Stock Market Future Indications, 9 April 2013.: Stock futures edge up after Alcoa earnings cheer

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By Barbara Kollmeyer , MarketWatch    MADRID (MarketWatch) — U.S. stock market futures stuck to the flat line on Tuesday, as investors absorbed a profit beat by aluminum maker Alcoa Inc., whose results kicked off the first quarter earnings season. A minor lineup of data is also ahead, including the small-business optimism index, and wholesale inventories.  Futures for the Dow Jones Industrial Average DJM3 +0.0069% rose 1 point to 14,565, while those for the Standard & Poor’s 500 index SPM3 +0.13% rose 1.7 points to 1,560.90. Those for the Nasdaq 100 index NDM3