EmailStock Market Update
Market Snapshot
| Dow | 13952.82 | -1.60 | (-0.01%) |
| Nasdaq | 3156.45 | +2.79 | (0.09%) |
| SP 500 | 1506.77 | -1.07 | (-0.07%) |
| 10-yr Note | +2/32 | 1.995 | |
| NYSE | Adv 1170 | Dec 1677 | Vol 246.1 mln |
| Nasdaq | Adv 920 | Dec 1437 | Vol 866.5 mln |
Industry Watch
| Strong: Technology, Telecoms |
| Weak: Materials, Financials, Utilities |
Moving the Market
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Weekly initial claims: 368K actual, 345K Briefing.com consensus, 335K prior Continuing claims rose to 3.197 million from 3.175 million December personal income: +2.6% actual, +0.7% Briefing.com consensus Personal spending: +0.2% actual, +0.3% Briefing.com consensus Core PCE Expenditures: Unchanged, +0.1% expected Q4 Employment Cost Index: +0.5%, in-line with expectations January Challenger Job Cuts: -24.4% actual, -22.1% prior January Chicago PMI: 55.6 actual, 50.5 Briefing.com forecast, 50.0 prior |
Key Indices Cautious as Afternoon Trade Begins
30-Jan-13 12:00 ET
Dow -1.60
at 13952.82,
Nasdaq +2.79
at 3156.45,
S&P -1.07
at 1506.77
[BRIEFING.COM] Quiet trade continues as the major averages remain confined to relatively narrow ranges. The Nasdaq is the top performing index as it trades higher by 0.1%.
The relative strength of the tech-oriented index is partially due to upbeat quarterly results from Amazon.com (AMZN 276.51, +16.16), which reported strong operating income growth. Elsewhere in tech, Broadcom (BRCM 34.24, +0.53) is adding 1.6% after beating on earnings.
While tech stocks trade with a mildly bullish bias, the broader S&P 500 index is flat as investors await the policy statement from the Federal Reserve. The Federal Open Market Committee will announce its interest rate decision as well as its policy statement at 14:15 ET.
The relative strength of the tech-oriented index is partially due to upbeat quarterly results from Amazon.com (AMZN 276.51, +16.16), which reported strong operating income growth. Elsewhere in tech, Broadcom (BRCM 34.24, +0.53) is adding 1.6% after beating on earnings.
While tech stocks trade with a mildly bullish bias, the broader S&P 500 index is flat as investors await the policy statement from the Federal Reserve. The Federal Open Market Committee will announce its interest rate decision as well as its policy statement at 14:15 ET.
