A hopeful sign for U.S.manufacturers sent stocks higher on this shortened trading session.
Factory orders rose more than expected in May. According to the Commerce Department, new orders rose 0.7 percent for the month, while economists had forecast an increase of 0.2 percent.
Automakers Ford (NYSE:F) and GM (NYSE:GM) both posted monthly sales which came in ahead of expectations. However Toyota (NYSE:TM) fell just short of expectations, despite a 60 percent increase in sales.
Microsoft (NASDAQ:MSFT) has announced it will take a $6.2 billion charge for its internet division, after the company admitted Monday its online businesses won't be as profitable as forecast.
Research in Motion (RIMM) is also struggling today after Barclays cut its rating on the company from "equal weight" to "underweight".
The markets are closed tomorrow for Independence Day and we'll be back on Thursday with a look at the ADP employment report, as well as the results for chain store sales.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
No friend, no book, no broker, no advisor, no expert has ever
Launch related slideshow:
Friday 5/24 Insider Buying Report: PMT, VOCS
Thursday 5/23 Insider Buying Report: MDT, WD
Thursday 5/23 Insider Buying Report: SREV, CYCC
Daily Wrap: May 23, 2013
Ralph Lauren and Perry Ellis Disappoint
Daily Wrap: May 22, 2013
Analyst Moves: CRM, CRUS, MRVL
Analyst Moves: PHM, PG, GPS
Analyst Moves: P, WSM, WFT
Friday Sector Leaders: Education & Training Services, Metals & Mining Stocks
Friday Sector Laggards: Auto Parts, Music & Electronics Stores
Thursday Sector Leaders: Apparel Stores, General Contractors & Builders
Friday's ETF with Unusual Volume: KIE
Friday's ETF Movers: ICLN, LIT
SLV, CHIM: Big ETF Outflows
Daily Dividend Report: ANF, FLS, IPG, A, VNR
Daily Dividend Report: TUP, HD, PCP, CBS, CME
Daily Dividend Report: TMO, AAP, HAS, AINV, HPQ
Midday Report: May 24, 2013
Initial Jobless Claims Fall
Initial Jobless Claims Jump by 32k
Weekly Market Wrap: May 24, 2013
Weekly Market Wrap: May 17, 2013
Weekly Market Wrap: May 10, 2013
Week Ahead Market Report: May 13, 2013
Week Ahead Market Report: May 6, 2013
Week Ahead Market Report: April 29, 2013