US stocks turn mixed in midday trading - 13 WTHR Indianapolis

US stocks turn mixed in midday trading

Updated:
  • HeadlinesHeadlinesMore>>

  • Astronomers spot most Earth-like planet yet

    Astronomers spot most Earth-like planet yet

    Saturday, April 19 2014 8:34 PM EDT2014-04-20 00:34:48 GMT
    Astronomers have discovered what they say is the most Earth-like planet yet detected - a distant, rocky world that's similar in size to our own and exists in the Goldilocks zone where it's not too hot and not too cold for life.More >>
    Astronomers have discovered what they say is the most Earth-like planet yet detected - a distant, rocky world that's similar in size to our own and exists in the Goldilocks zone where it's not too hot and not too cold for life.More >>
  • UPDATE: Missing man with autism found safe

    UPDATE: Missing man with autism found safe

    Saturday, April 19 2014 7:32 PM EDT2014-04-19 23:32:46 GMT
    Jerome Parks, 23, was reported missing around 3:00 p.m. from his group home in the 5100 block of Guion Road on the northwest side, according to authorities. Search crews found him around four hours later in the area of 16th Street and Senate Blvd.More >>
    Jerome Parks, 23, was reported missing around 3:00 p.m. from his group home in the 5100 block of Guion Road on the northwest side, according to authorities. Search crews found him around four hours later in the area of 16th Street and Senate Blvd.More >>
  • A warm pattern takes over

    A warm pattern takes over

    Saturday, April 19 2014 5:44 PM EDT2014-04-19 21:44:21 GMT
    It will be a quiet and calm evening with light breezes out of the east and temperatures will fall into the mid 40's. Easter Sunrise is at 7:00am and the temperature will be around 46 degrees.More >>
    It will be a quiet and calm evening with light breezes out of the east and temperatures will fall into the mid 40's. Easter Sunrise is at 7:00am and the temperature will be around 46 degrees.More >>
NEW YORK -

 

U.S. stocks were mixed in midday trading Wednesday as investors assessed news from some big U.S. companies. Stocks jumped a day earlier after Federal Reserve Chair Janet Yellen said she would continue the central bank's market-friendly, low-interest rate policies.

KEEPING SCORE: The Standard & Poor's 500 index was little changed at 1,819 as of 12:19 p.m. Eastern Time. The Dow Jones industrial average was down 38 points, or less than 0.1 percent, at 15,988. The Nasdaq composite rose seven points, or 0.2 percent, to 4,198.

CURRENCY PINCH: Procter & Gamble, the world's largest household products maker, fell $1.60, or 2 percent, to $77.24 after the company lowered its sales and earnings outlook due to recent declines in emerging market currencies against the dollar. Currencies in developing countries such as Turkey, South Africa and Argentina have slumped against the dollar this year.

CHINA TRADE: The stock market got some support from the latest economic data out of China. Trade growth in the Chinese economy accelerated in January. Fears about a slowdown in the world's second-largest economy roiled stock markets in January.

"It's reassuring that we're not seeing another sign of weakness for China's economic growth," said Kate Warne, an investment strategist at Edward Jones, an investment adviser.

PRIME TIME: Amazon.com fell $11.81, or 3.3 percent, to $349.82 after analysts at UBS lowered their rating on the stock to "neutral" from "buy" on concern about revenue from the internet retailer's "Prime" customers. Amazon was among the biggest decliners in the S&P 500.

HEALTHY PROFIT: DaVita HealthCare Partners jumped $3.47, or 5.4 percent, to $67.81, a day after the kidney dialysis provider said it reached an agreement to resolve a government investigation and reported fourth-quarter income that soared 36 percent and topped analyst expectations.

ONE TO WATCH: Fossil jumped $6.03, or 5.2 percent, to $122.99 after the watch and accessories company posted earnings that topped Wall Street expectations for the quarter and issued a strong financial outlook for the year.

TREASURYS AND COMMODITIES: The yield on the 10-year Treasury note climbed to 2.76 percent from 2.73 percent on Tuesday. Oil rose 94 cents, or 1 percent, to $100.92 a barrel. The price of gold rose $5.20, or 0.4 percent, to $1,295 an ounce.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

 

  • Most Popular StoriesMost Popular StoriesMore>>

  • Friends, colleagues remember life of slain IMPD officer

    Friends, colleagues remember life of slain IMPD officer

    Saturday, April 19 2014 12:34 PM EDT2014-04-19 16:34:23 GMT
    Picture provided by familyPicture provided by family
    The influence of an IMPD officer killed by her ex-husband in a murder-suicide went far beyond the police department. Neighbors and those who worked with Ofc. Kimberlee Carmack are still trying to understandMore >>
    The influence of an IMPD officer killed by her ex-husband in a murder-suicide went far beyond the police department.More >>
  • Franklin mom visited by phony CPS workers

    Franklin mom visited by phony CPS workers

    Thursday, April 17 2014 8:11 AM EDT2014-04-17 12:11:37 GMT
    A Franklin woman is warning other mothers after she says two people came to her house and threatened to take her children.More >>
    A Franklin woman is warning other mothers after she says two people came to her house and threatened to take her children.More >>
  • Murder-suicide tragedy rare, but followed pattern

    Murder-suicide tragedy rare, but followed pattern

    Friday, April 18 2014 11:49 PM EDT2014-04-19 03:49:46 GMT
    The domestic violence case that ended in the murder-suicide of two IMPD officers reveals a serious danger for police officers that goes far beyond the risks they face each day in the line of duty.More >>
    The domestic violence case that ended in the murder-suicide of two IMPD officers reveals a serious danger for police officers that goes far beyond the risks they face each day in the line of duty.More >>
Powered by WorldNow