Stocks Open Higher; Dow Edges Above 13,000 Mark

Stocks Open Higher; Dow Edges Above 13,000 Mark
Market News
Like Us On Facebook
Like Us On Facebook

The Dow Jones industrial average is pushing closer to 13,000 at the opening of trading, and other stock indexes are opening higher ahead of reports on new home sales and consumer sentiment. Both reports are expected to show signs of an economy slowly gaining strength.

The Dow is up 6 points to 12,991. Procter & Gamble is the average’s leading stock in early trading, rising less than 1 percent.

Later this morning, the Commerce Department will report new home sales for January. Analysts forecast that sales rose to 315,000.

In other trading, the S&P 500 index added 2 points to 1,365.

The Nasdaq composite index is up 5 points to 2,962.

Also on tap Friday is the Thomson Reuters/University of Michigan’s consumer sentiment index, which has been rising in recent months as the job market has improved.

Associated Press

Share Tweet
React
Like Us On Facebook
Like Us On Facebook

Preston Waters

Preston Waters is a thinker. He's not your traditional philosophical persona, however, as he leaves no topic untouched. Covering all the bases, from business to women, Preston Waters is the ultimate man's man for Gen-Y.

More In Market News

News Preston Waters

Stocks Off to Stellar Start in May

Stocks were kicking off May in high style Tuesday, posting sharp gains after a much better-than-expected report on U.S. manufacturing activity. The Dow Jones Industrial Average was rising 103 points, or 0.8%, at 13,317, after hitting a four-year high at 13,338. The S&P 500 was up 14 points, or 1%, at 1413, and the Nasdaq was adding 23 points, or 0.7%, at […]

News Preston Waters

Bank Of America, JPMorgan: Dow Midday Movers

U.S. stocks were rising in midday action Tuesday following a better-than-expected read on U.S. manufacturing activity.The Dow Jones Industrial Average was up more than 116 points, or 0.9%, at 13,330. The biggest percentage gainers within the Dow were Bank of America (BAC), JPMorgan Chase (JPM) and Intel (INTC). Shares of Bank of America rose 2.59% to $8.32. The bank said Tuesday it plans to lay […]

News Preston Waters

Monster Stocks Soar Amid Rumors Coca-Cola Is Set To Buy Energy Drink

Monster Beverage Corp’s shares soared on Monday following a report that Coca-Cola Co. was considering buying the energy drink maker. The Wall Street Journal cited unnamed people in reporting that the world’s biggest soft drink maker was in talks to buy Monster. If a deal transpired, Monster would be Coca-Cola’s largest brand acquisition ever. Monster declined […]

News Preston Waters

Stocks Surge After Strong Manufacturing Report

Stocks were surging in morning action Tuesday after a much better-than-expected report on the pace of national manufacturing activity in April.The Dow Jones Industrial Average was rising 80 points, or 0.6%, at 13,294. The S&P 500 was up 12 points, or 0.8%, at 1410, and the Nasdaq was adding 29 points, or 1%, at 3075. Stocks finished modestly lower Monday, marking […]

News Preston Waters

Bank Of America Keeps Shrinking

Bank of America (BAC)’s plan to lay off some of its highest-paid executives looks like the right response to the current banking environment. The Wall Street Journal reported Tuesday the bank will cut 2,000 positions in its investment banking, commercial banking and non-U.S. wealth-management units targeting “the high-earning employees whose efforts helped Merrill Lynch account for the bulk of […]

News Preston Waters

Stock Market Story: May 1

The first trading day of May got off to a mixed start early Tuesday with all three major U.S. equity indices honing to close to the flat line ahead of a key report on the pace of U.S. manufacturing activity in April. The Dow Jones Industrial Average was down 9.5 points, or 0.07%, at 13,204.The S&P 500 was up less than a […]

Also On Elite

Sports

3 Reasons Not To Discount The Dallas Cowboys This Year

It was a beautiful Sunday in the suburb city of Arlington, Texas and the AT&T Stadium was fired up, with fans from both Houston and Dallas tailgating, placing bets and awaiting the rival game to start. As if the first known case of Ebola and the Texas State Fair isn’t enough excitement for my sweet […]

Life

Youth Is Wasted On The Young: 10 Childhood Traits You Should Keep Forever

It was one of those mornings, you know, when you want to strangle the birds squawking outside your window and you feel like running everyone off the road during your daily commute. Some refer to these days as “waking up on the wrong side of the bed.” I guess you could say I was in one […]