Stock Market News for February 12, 2013 - Market News
12 Fevereiro 2013 - 7:36AM
Zacks
In the absence of major earnings
reports or economic events, investor sentiment flagged, dragging
benchmarks marginally lower. Monday’s trading session marked an end
to the recent rally which lifted benchmarks to record levels. After
several encouraging economic and earnings reports last week,
investors are looking for a new catalyst which could spur market
movement. Energy stocks were the major loser while the financial
sector was the biggest gainer for the S&P 500.
The Dow Jones Industrial Average
(DJI) declined 0.2% to close the day at 13,971.16. The S&P 500
decreased marginally, by 0.1%, to finish yesterday’s trading
session at 1,517.01. The tech-laden Nasdaq Composite Index fell
0.1% to end at 3,192.00. The fear-gauge CBOE Volatility Index (VIX)
decreased 0.6% to settle at 12.94. Consolidated volumes on the New
York Stock Exchange, American Stock Exchange and Nasdaq were
roughly 4.8 billion shares, well below the daily average of 6.45
billion shares in 2012. Declining stocks outnumbered the advancers
on the NYSE. For 42% stocks that advanced, 54% declined.
Last week, the S&P 500 and the
Nasdaq touched their highest levels in the last five and twelve
years, respectively. The rally was brought about by a series of
encouraging domestic and international economic data.
Better-than-expected earnings added further fuel to the rally.
Economic data for December shows that the global economy has
improved. China and Germany experienced growth in exports and
imports while the U.S. received encouraging reports on initial
claims and the trade deficit.
On the earnings front, Boardwalk
Pipeline Partners, LP (NYSE:BWP) reported a 26% growth in earnings.
Despite the company beating the Street’s expectations, shares
declined 0.6%. Shares of Moody’s Corporation (NYSE:MCO) gained 4.9%
after losing 22% last week. Moody’s shares declined last week
following fears that Moody’s will be the next target of a law suit
by the Justice Department after it sued Standard’s & Poor.
Shares of tech-giant Apple Inc.
(NASDAQ:AAPL) gained 1% following news that the company is planning
to increase its product portfolio by introducing a “wristwatch-like
device”. The “wristwatch-like device” is expected to have functions
similar to smart phones. The losses in the Nadsaq were partly
recovered after shares of the company increased by 1%.
U.S. President Barack Obama is
expected to address the nation on how he plans to revive the
economy. He is expected to bring about positive changes in
infrastructure, education, clean energy and manufacturing. The
President also agreed to negotiate on expenses incurred on Social
Security and Medicare for aging citizens. However, he expressed his
concerns on bringing an end to long-term tax relief for corporate
jet owners, private equity firms and oil companies. Using this
route, he intends to increase cash balance for the country.
The biggest gainer among the top
ten S&P 500 industry groups was the financial sector. The
Financial Select Sector SPDR (XLF) gained 0.5%. Stocks such as
JPMorgan Chase & Co. (NYSE:JPM), Wells Fargo & Company
(NYSE:WFC), Bank of America Corp (NYSE:BAC), Citigroup Inc.
(NYSE:C) and Goldman Sachs Group, Inc. (NYSE:GS) gained 0.1%, 1.1%,
0.9%, 1.1% and 0.4%, respectively.
Energy stocks were the major loser
among the S&P 500’s industry groups. The Energy Select Sector
SPDR (XLE) declined 0.5%. Stocks such as Exxon Mobil Corporation
(NYSE:XOM), Schlumberger Limited. (NYSE:SLB), Anadarko Petroleum
Corporation (NYSE:APC), Apache Corporation (NYSE:APA) and
National-Oilwell Varco, Inc. (NYSE:NOV) declined 0.4% 1.4%, 1.2%,
1%, and 1.2%, respectively.
APPLE INC (AAPL): Free Stock Analysis Report
ANADARKO PETROL (APC): Free Stock Analysis Report
BANK OF AMER CP (BAC): Free Stock Analysis Report
BOARDWALK PIPLN (BWP): Free Stock Analysis Report
CITIGROUP INC (C): Free Stock Analysis Report
GOLDMAN SACHS (GS): Free Stock Analysis Report
JPMORGAN CHASE (JPM): Free Stock Analysis Report
MOODYS CORP (MCO): Free Stock Analysis Report
NATL OILWELL VR (NOV): Free Stock Analysis Report
SCHLUMBERGER LT (SLB): Free Stock Analysis Report
WELLS FARGO-NEW (WFC): Free Stock Analysis Report
EXXON MOBIL CRP (XOM): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
Schlumberger (NYSE:SLB)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
Schlumberger (NYSE:SLB)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024