Showing posts with the label ADVFN III World Daily Markets Bulletin May 16

ADVFN III World Daily Markets Bulletin May 16, 2013.

ADVFN I I I World Daily Markets Bulletin Daily world financial news Thursday, 16 May 2013 US Market Stocks Showing A Lack Of Direction In Early Trading Stocks are turning in a lackluster performance in early trading on Thursday, as traders weigh upbeat earnings news from Cisco (CSCO) against a batch of disappointing economic data. The major averages are turning in a mixed performance, with the Nasdaq posting a modest gain. While the Nasdaq is up 4.75 points or 0.1 percent at 3,476.37, the Dow is down 16.09 points or 0.1 percent at 15,259.60 and the S&P 500 is down 1.15 points or 0.1 percent at 1,657.63. The gain by the tech-heavy Nasdaq is partly due to a strong advance by shares of Cisco , which have surged up by 13.4 percent. After the close of trading on Wednesday, Cisco reported better than expected third quarter results, with further buying interest generated by Chairman and CEO John Chambers' remarks indicating that the compan