EmailStock Market Update
Market Snapshot
| Dow | 13772.80 | +60.67 | (0.44%) |
| Nasdaq | 3156.89 | +13.71 | (0.44%) |
| SP 500 | 1492.40 | -0.11 | (-0.00%) |
| 10-yr Note | +4/32 | 1.835 | |
| NYSE | Adv 1285 | Dec 1456 | Vol 116.5 mln |
| Nasdaq | Adv 1031 | Dec 1137 | Vol 276.2 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 |
Tech Shares Holding Strong
23-Jan-13 10:00 ET
Dow +60.67
at 13772.80,
Nasdaq +13.71
at 3156.89,
S&P -0.11
at 1492.40
[BRIEFING.COM] The Dow and Nasdaq continue to trade near their respective highs while the S&P 500 is flat. The Dow is receiving notable support from International Business Machines (IBM 207.45, +11.37), which is rising by 5.8%. Outside of IBM, the remaining Dow components are trading with a bearish bias.
The Nasdaq is also holding near its early highs. The tech-heavy index is benefitting from the strength of IBM, as well as positive earnings from Google (GOOG 746.54, +43.67). Elsewhere in tech, Symantec (SYMC 21.62, +0.76) is rising by 3.7% after the security software company beat on earnings and revenue.
In other earnings news, McDonald's (MCD 93.02, +0.07) is flat after the fast food giant beat on the bottom line. However, the stock is seeing little reaction after the company said it expects January global comparable sales to be negative.
The Nasdaq is also holding near its early highs. The tech-heavy index is benefitting from the strength of IBM, as well as positive earnings from Google (GOOG 746.54, +43.67). Elsewhere in tech, Symantec (SYMC 21.62, +0.76) is rising by 3.7% after the security software company beat on earnings and revenue.
In other earnings news, McDonald's (MCD 93.02, +0.07) is flat after the fast food giant beat on the bottom line. However, the stock is seeing little reaction after the company said it expects January global comparable sales to be negative.
