EmailStock Market Update
Market Snapshot
| Dow | 13433.04 | +42.53 | (0.32%) |
| Nasdaq | 3120.68 | +14.87 | (0.48%) |
| SP 500 | 1467.51 | +6.49 | (0.44%) |
| 10-yr Note | -11/32 | 1.900 | |
| NYSE | Adv 1656 | Dec 1084 | Vol 111.1 mln |
| Nasdaq | Adv 1207 | Dec 982 | Vol 206.4 mln |
Industry Watch
| Strong: Energy, Technology, Consumer Staples |
| Weak: Financials, Materials, Telecoms |
Moving the Market
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November trade balance: -$48.7 billion actual, -$41.8 Briefing.com consensus, -$42.1 billion prior Export prices ex-agriculture: -0.2% actual, -0.7% prior Import prices ex-oil: -0.1% actual, -0.2% prior |
Materials Lagging
10-Jan-13 10:00 ET
Dow +42.53
at 13433.04,
Nasdaq +14.87
at 3120.68,
S&P +6.49
at 1467.51
[BRIEFING.COM] The S&P 500 is adding 0.5% as the index continues to trade near its session high.
The materials sector is the weakest early performer. Looking within the space, Texas Industries (TXI 53.17, -2.80) is slumping 5.0% after the company reported mixed earnings. Though the provider of building materials reported revenue ahead of the Capital IQ consensus estimate, its earnings fell short of expectations.
Elsewhere, Molycorp (MCP 8.54, -2.25) is plunging 20.8% following an update from the company's new rare earth complex. While, the new facility is operational and moving towards full-scale production, Molycorp anticipates lower than expected revenue and cash flow for 2013.
On the upside, gold miners are outperforming. Newmont Mining (NEM 45.67, +0.77) and Royal Gold (RGLD 81.23, +1.69) are both up near 2.0%.
The materials sector is the weakest early performer. Looking within the space, Texas Industries (TXI 53.17, -2.80) is slumping 5.0% after the company reported mixed earnings. Though the provider of building materials reported revenue ahead of the Capital IQ consensus estimate, its earnings fell short of expectations.
Elsewhere, Molycorp (MCP 8.54, -2.25) is plunging 20.8% following an update from the company's new rare earth complex. While, the new facility is operational and moving towards full-scale production, Molycorp anticipates lower than expected revenue and cash flow for 2013.
On the upside, gold miners are outperforming. Newmont Mining (NEM 45.67, +0.77) and Royal Gold (RGLD 81.23, +1.69) are both up near 2.0%.
