Stocks traded just off the highs of the day as the market close neared amid light volume after a slew of economic news, including rising inflation and strong regional manufacturing data. Coca-Cola and DuPont rose, while AmEx fell.
What follows is a roundup of corporate earnings reports for Wednesday, Feb. 2.
See what's happening, who's talking and what will be making headlines on Wednesday's Squawk on the Street.
Stocks fell back after trading above significant benchmarks just before the close amid mixed economic and earnings news and light trading as the Northeast dug out from another major snowstorm. GE and United Technologies rose, while P&G fell.
Stocks closed modestly higher, but the Dow lost ground in the final minutes of trading to close below 12,000 after rising above and below that level much of the session. DuPont and Alcoa rose, while Boeing fell.
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Stocks bounced off the lows of the session but ended lower as disappointing economic news halted the market's rally and as Merck dragged down the Dow amid problems with a key blood-clotting drug. Merck and Alcoa slumped, as Home Depot rose.
Stocks slumped more in the final hour of trading as disappointing economic news halted the market's rally and a disappointing drug trial for Merck dragged down the Dow. Merck and Alcoa fell, while Home Depot rose.
What follows is a look at stocks in the S&P 500 displaying unusual volume in today's trading session.
Stocks slipped as economic news released Thursday gave investors reason to pause a day after the market reached new multi-year highs. Merck sank, while DuPont rose.
In yet another sign of food and energy inflation news this week, December PPI rose 1.1 percent, higher than the 0.8 percent expected and its sharpest increase in almost a year. But stripping out food and energy, PPI was inline with estimates. Meanwhile, weekly jobless claims in the past week rose 35,000 to 445,000 — higher than the 415,000 level expected by economists.
US stocks looked set to open lower on Thursday, off the new multi-year record highs reached for all the major indexes on Wednesday after the Federal Reserve reported improving economic conditions across the country, and after upbeat earnings outlooks for banks lifted investor sentiment.
Should the economy see a robust recovery this year, here are some of the best places for investors to be, said David Dietze, president and chief investment strategist at Point View Financial Services, and Uri Landesman, president of Platinum Partners.
Investors should place their bets in equities as the stock market is likely to see another double-digit total return in 2011, said Robert Doll, chief equity strategist at BlackRock.
Stocks pared gains in the final minutes of trading but still ended at new highs in light trading Wednesday as investors remained optimistic about the prospects for equities next year. McDonald's and Disney rose, while Alcoa fell.
Stocks continued to trade at new highs in light trading Wednesday as the closing bell approach despite an absence of fresh economic reports, as investors remained optimistic about the prospects for equities next year. McDonald's and Disney rose, while Alcoa fell.
Stocks continued to reach new highs Wednesday in an absence of economic data as trading volume continued to be light. McDonald's and Chevron rose, while P&G fell.
Stocks closed modestly higher amid quiet trading Wednesday, but still gathered enough momentum to hit news levels as the S&P 500 beat a September 2008 high not seen since Lehman Brothers filed for bankruptcy. JPMorgan and Bank of America rose, while Intel fell.