EmailStock Market Update
Market Snapshot
| Dow | 13757.96 | +45.83 | (0.33%) |
| Nasdaq | 3151.20 | +8.02 | (0.26%) |
| SP 500 | 1491.13 | -1.38 | (-0.09%) |
| 10-yr Note | +4/32 | 1.835 | |
| NYSE | Adv 1228 | Dec 1617 | Vol 228.9 mln |
| Nasdaq | Adv 1008 | Dec 1332 | Vol 665.2 mln |
Industry Watch
| Strong: Consumer Discretionary, Health Care, Financials |
| Weak: Technology |
Moving the Market
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Weekly initial claims: 330K actual, 355K Briefing.com consensus, 335K prior December leading indicators: +0.5% actual, +0.5% Briefing.com consensus, 0.0% prior Continuing claims fell to 3.157 million from 3.228 million Apple (AAPL) sharply lower following revenue miss, downside Q2 guidance |
Major Averages Holding Recent Levels
23-Jan-13 11:30 ET
Dow +45.83
at 13757.96,
Nasdaq +8.02
at 3151.20,
S&P -1.38
at 1491.13
[BRIEFING.COM] The major averages have seen little change in recent trade. The Dow is being supported by International Business Machines (IBM 206.25, +10.17), while the Nasdaq is trading higher due to strength in IBM and Google (GOOG 745.49, +42.62).
The tech rally is doing little to support the S&P 500, which is currently flat. Among notable earnings from index members, McDonald's (MCD 92.68, -0.27) is shedding 0.3% after the company's earnings beat the Capital IQ consensus estimate. However, the fast food giant warned about the current quarter by saying it expects January global comparable sales to be negative.
Finally, the House of Representatives has recently approved a procedural vote, which is a precursor to the temporary debt ceiling extension bill. This measure is expected to face a House vote later today, but note that the bill also contains a provision which will suspend congressional pay if a budget is not agreed to by April 15.
The tech rally is doing little to support the S&P 500, which is currently flat. Among notable earnings from index members, McDonald's (MCD 92.68, -0.27) is shedding 0.3% after the company's earnings beat the Capital IQ consensus estimate. However, the fast food giant warned about the current quarter by saying it expects January global comparable sales to be negative.
Finally, the House of Representatives has recently approved a procedural vote, which is a precursor to the temporary debt ceiling extension bill. This measure is expected to face a House vote later today, but note that the bill also contains a provision which will suspend congressional pay if a budget is not agreed to by April 15.
