Thursday, April 18, 2013

Markets: Updated April 18, 2013, 10:49 a.m. ET: U.S. Stocks Edge Back - WSJ

Updated April 18, 2013, 10:49 a.m. ET


U.S. Stocks Edge Back

Stocks lost ground after a raft of uninspiring earnings reports dragged down financial, consumer and health-care shares.  48 min ago


  • U.S. Stock Futures Hold Gains

    U.S. stock futures held gains after a reading on jobless claims came in weaker than expected, with markets poised for a stable open after as string of volatile trading sessions.


    NEW YORK—U.S. stock futures held gains after a reading on jobless claims came in weaker than expected, with markets poised for a stable open after as string of volatile trading sessions.
    Dow Jones Industrial Average futures rose 38 points, or 0.3%, to 14590 less than 60 minutes before the opening bell. On Wednesday, the Dow dropped 138 points, or 0.9%, marking the third-straight session of triple-digit moves.
    Standard & Poor's 500-stock index futures added five points, or 0.3%, to 1551 and Nasdaq-100 Index futures advanced 11 points, or 0.4%, to 2786. Changes in stock futures don't always accurately predict stock moves after the opening bell.
    "We still have some work to do," said Peter Kenny, managing director at Knight Capital KCG -1.88% Markets. "It's completely reasonable to expected the market to move sideways for the time being, close to close, but with some volatility in between."
    The S&P 500 has fallen 2.6% since closing at an all-time high a week ago.


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