EmailStock Market Update
Market Snapshot
| Dow | 13646.98 | -2.72 | (-0.02%) |
| Nasdaq | 3124.40 | -10.31 | (-0.33%) |
| SP 500 | 1483.43 | -2.55 | (-0.17%) |
| 10-yr Note | +2/32 | 1.843 | |
| NYSE | Adv 1492 | Dec 1397 | Vol 190.9 mln |
| Nasdaq | Adv 1090 | Dec 1242 | Vol 543.6 mln |
Industry Watch
| Strong: Technology |
| Weak: Materials, Consumer Discretionary, Utilities |
Moving the Market
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November FHFA Housing Price Index: +0.6% actual, +0.5% prior Google (GOOG), International Business Machines (IBM) trading higher following earnings Apple (AAPL) to report after the closing bell |
Verizon Trading Higher Despite Earnings Miss
22-Jan-13 11:00 ET
Dow -2.72
at 13646.98,
Nasdaq -10.31
at 3124.40,
S&P -2.55
at 1483.43
[BRIEFING.COM] The major averages have extended their early weakness, and the S&P 500 is off by 0.2% as the index trades near the middle of its range. As the defensive trade takes hold, utilities and telecoms are outperforming. In the telecom space, Verizon Communications (VZ 42.87, +0.35) is adding 0.8% after its quarterly report showed a bottom line miss, and revenue in-line with the Capital IQ consensus forecast.
In addition to defensive sectors, stocks in the materials space are seeing relative strength after DuPont (DD 47.45, +0.46) beat on the bottom line and issued upbeat guidance.
On the downside, technology stocks are lagging ahead of Google's (GOOG 696.79, -7.72) earnings report scheduled for an after-hours release.
In addition to defensive sectors, stocks in the materials space are seeing relative strength after DuPont (DD 47.45, +0.46) beat on the bottom line and issued upbeat guidance.
On the downside, technology stocks are lagging ahead of Google's (GOOG 696.79, -7.72) earnings report scheduled for an after-hours release.
