US open: Stocks regain some of Tuesday's heavy losses
Wed 24 Oct 2012
LONDON (SHARECAST) - US stocks were modestly ahead on Wednesday after a punishing session on Tuesday when the Dow Jones fell 243 points, its biggest one-day loss since June.
The bounce was helped by better-than-expected earnings from Boeing and Facebook.
Upbeat economic data out from China overnight also served to boost stocks higher.
However, comments from German Finance Minister Wolfgang Schaeuble, saying that Greece does not yet have a deal with the Troika over a two-year extension on bailout targets are likely to impact momentum. Particularly as comments backing this view were made by European Central Bank (ECB) President Mario Draghi, who said the Troika’s review of the Greek economy was not yet complete.
However, it will probably be domestic housing data that will be the deciding factor in the direction in which US markets move by end of play.
The 'Sage of Omaha', Warren Buffet, today acknowledged that there is “some slowing down going on” in the global economy, but warned investors against selling on short-term concerns.
S&P 500 - Fallers
Netflix Inc. (NFLX) $58.01 -14.96%
Newfield Exploration Co (NFX) $30.42 -8.70%
Corning Inc. (GLW) $12.44 -7.23%
Altera Corp. (ALTR) $30.41 -6.77%
Allegheny Technologies Inc. (ATI) $29.52 -6.55%
Norfolk Southern Corp. (NSC) $62.27 -5.67%
FMC Technologies Inc. (FTI) $41.16 -4.57%
Lorillard Inc. (LO) $110.63 -4.45%
Juniper Networks Inc. (JNPR) $16.80 -4.38%
Total System Services Inc. (TSS) $22.24 -3.43%
Dow Jones I.A - Risers
Boeing Co. (BA) $73.90 +1.48%
Verizon Communications Inc. (VZ) $44.46 +0.88%
International Business Machines Corp. (IBM) $192.77 +0.79%
Procter & Gamble Co. (PG) $67.96 +0.77%
American Express Co. (AXP) $55.76 +0.68%
Bank of America Corp. (BAC) $9.42 +0.64%
United Technologies Corp. (UTX) $77.56 +0.64%
General Electric Co. (GE) $21.40 +0.59%
Coca-Cola Co. (KO) $36.76 +0.41%
Walt Disney Co. (DIS) $50.92 +0.32%
Dow Jones I.A - Fallers
Cisco Systems Inc. (CSCO) $17.75 -1.42%
AT&T Inc. (T) $34.61 -1.11%
E.I. du Pont de Nemours and Co. (DD) $44.78 -1.04%
Travelers Company Inc. (TRV) $72.74 -0.87%
Hewlett-Packard Co. (HPQ) $14.16 -0.70%
3M Co. (MMM) $88.35 -0.43%
Alcoa Inc. (AA) $8.74 -0.40%
Exxon Mobil Corp. (XOM) $89.85 -0.37%
McDonald's Corp. (MCD) $87.75 -0.24%
Caterpillar Inc. (CAT) $83.39 -0.22%
Nasdaq 100 - Risers
Monster Beverage Corp (MNST) $46.36 +12.85%
Gilead Sciences Inc. (GILD) $69.51 +7.09%
Sears Holdings Corp. (SHLD) $61.46 +1.46%
Amgen Inc. (AMGN) $88.55 +1.41%
Check Point Software Technologies Ltd. (CHKP) $43.38 +1.23%
Apple Inc. (AAPL) $620.80 +1.21%
Randgold Resources Ltd. Ads (GOLD) $118.88 +1.08%
Dollar Tree Stores Inc. (DLTR) $39.56 +0.94%
Mylan Inc. (MYL) $23.65 +0.90%
Starbucks Corp. (SBUX) $45.37 +0.89%
Nasdaq 100 - Fallers
Netflix Inc. (NFLX) $58.01 -14.96%
Altera Corp. (ALTR) $30.41 -6.77%
CH Robinson Worldwide Inc (CHRW) $59.17 -2.97%
Virgin Media Inc. (VMED) $33.12 -2.96%
Stericycle Inc. (SRCL) $90.00 -2.39%
Alexion Pharmaceuticals Inc. (ALXN) $98.62 -2.30%
NetApp Inc. (NTAP) $28.20 -1.96%
Amazon.Com Inc. (AMZN) $230.61 -1.58%
Cisco Systems Inc. (CSCO) $17.75 -1.42%
Sigma-Aldrich Corp. (SIAL) $70.65 -1.31%
LONDON (SHARECAST) - US stocks were modestly ahead on Wednesday after a punishing session on Tuesday when the Dow Jones fell 243 points, its biggest one-day loss since June.
