LONDON (ShareCast) - -Boehner vows to continue to work with Obama -Bbg
-Better than forecast economic figures
-Lower house of Congress to vote on Plan B
-M&A transactions grab headlines
Dow Jones Industrials: 0.23%
Nasdaq Comp.: 0.05%
S&P 500: 0.29%
The main US equity benchmarks have nudged slightly higher following reports citing US House of Representatives speaker John Boehner as saying that he expects to keep working with President Obama on a resolution to the 'fiscal cliff.'
Also helping to buttress sentiment was the release of what at first glance appeared to have been generally better than forecast macroeconomic data and a flurry of M&A transactions grabbing the headlines.
As well, Republicans have delayed today´s vote on their Plan B, which led some to wonder if perhaps they had not been able to muster sufficient votes to pass their proposal.
Capitol Hill aside, the Intercontinental Exchange and NYSE Euronext (NYSE: NYX - news) confirmed their link-up in a transaction valued at $8.2bn. The latter´s stock has risen by 34%.
Roche may make an offer for rival Illumina (NasdaqGS: ILMN - news) according to press reports.
Conagra raised its earnings per share guidance for the year.
The latest quarterly results out of CarMax (NYSE: KMX - news) came in better than forecast.
Oracle (NasdaqGS: ORCL - news) bought Eloqua (NasdaqGM: ELOQ - news) for $23.5 a share.
Analysts at Bernstein decreased their price forecast on shares of Apple (NasdaqGS: AAPL - news) to 750 dollars from 800 dollars beforehand.
Better than expected economic figures
The Federal Reserve Bank of Philadelphia´s manufacturing gauge for the month of December has come in ahead of expectations, at 8.1, after a reading of -10.7 for the month before (Consensus: -3.0). That along with a large rise in the new orders sub-index.
Existing home sales data for the month of November (Xetra: A0Z24E - news) revealed that these rose to an annualised rate of 5.04m units (Consensus: 4.9m), after 4.76m in October.
US initial weekly unemployment claims rose by 17,000 to 361,000 (Consensus: 360,000) last week.
Third quarter US GDP data was revised up to show growth of 3.1 per cent, versus a previous estimate of 2.7 per cent (Consensus: 2.8 per cent).
Other asset classes now trading near unchanged
10 year US Treasury yields were flat, to the 1.79% mark.
Front month West Texas crude futures were up by 0.24% to the 90.24 dollar mark on the NYMEX.
S&P 500 - Risers
NYSE Euronext Inc. (NYX) $32.00 +33.06%
Carmax Inc. (KMX) $37.89 +8.75%
Jabil Circuit Inc (NYSE: JBL - news) . (JBL) $20.18 +8.67%
EQT Corp. (EQT) $59.27 +3.96%
Ameren Corp. (AEE) $31.22 +3.89%
NASDAQ OMX Group Inc. (NDAQ) $26.00 +3.09%
CBS Corp. (CBS) $37.41 +2.69%
ProLogis (PLD) $36.58 +2.64%
Tenet Healthcare Corp (NYSE: THC - news) . (THC) $33.81 +2.45%
Western Digital Corp. (WDC) $42.12 +2.23%
S&P 500 - Fallers
Bed Bath & Beyond Inc (NasdaqGS: BBBY - news) . (BBBY) $55.66 -7.66%
Carnival Corp. (CCL) $37.01 -5.25%
GameStop Corp (NYSE: GME - news) . (GME) $26.18 -4.97%
Discover Financial Services (NYSE: DFS - news) (DFS) $37.83 -4.88%
Intuitive Surgical Inc (NasdaqGS: ISRG - news) . (ISRG) $496.56 -3.66%
J.C. Penney Co. Inc. (JCP (Taiwan OTC: 4747.TWO - news) ) $20.23 -3.11%
Darden Restaurants Inc (NYSE: DRI - news) . (DRI) $45.41 -2.99%
CME Group Inc (NasdaqGS: CME - news) . (CME) $51.25 -2.62%
Accenture Plc (NYSE: ACN - news) (ACN) $68.58 -2.59%
Frontier Communications Co. (FTR) $4.37 -2.52%
Dow Jones I.A - Risers
Bank of America Corp. (BAC) $11.43 +2.14%
JP Morgan Chase (Other OTC: JFTTL - news) & Co. (JPM) $44.09 +1.29%
Walt Disney Co. (DIS) $50.52 +1.16%
3M Co. (MMM) $93.79 +0.83%
Microsoft Corp. (MSFT) $27.53 +0.81%
Boeing Co (NYSE: BA - news) . (BA) $76.06 +0.73%
Procter & Gamble Co (NYSE: PG - news) . (PG) $69.79 +0.65%
E.I. du Pont de Nemours and Co. (DD) $45.13 +0.62%
Verizon Communications Inc. (VZ) $43.64 +0.60%
AT&T Inc. (T) $34.08 +0.50%
Dow Jones I.A - Fallers
Merck & Co. Inc (Xetra: A0YD8Q - news) . (MRK) $42.61 -2.40%
Caterpillar Inc (NYSE: CAT - news) . (CAT (Taiwan OTC: 4990.TWO - news) ) $89.26 -1.69%
International Business Machines Corp. (IBM (NYSE: IBM - news) ) $194.05 -0.53%
Intel Corp. (INTC) $21.00 -0.50%
Cisco Systems Inc (NasdaqGS: CSCO - news) . (CSCO) $20.21 -0.29%
Hewlett-Packard Co. (HPQ) $14.35 -0.24%
Pfizer Inc (NYSE: PFE - news) . (PFE) $25.31 -0.16%
Home Depot Inc. (HD) $61.70 -0.11%
Exxon Mobil Corp. (XOM) $88.35 -0.10%
Mondelez International Inc (NasdaqGS: MDLZ - news) . (MDLZ) $25.92 -0.06%
Nasdaq 100 - Risers
Flextronics International Ltd (NasdaqGS: FLEX - news) . (FLEX) $6.26 +2.62%
Research in Motion Ltd. (RIMM) $13.86 +1.69%
Warner Chilcott Plc (NasdaqGS: WCRX - news) (WCRX) $11.68 +1.52%
Virgin Media Inc (NasdaqGS: VMED - news) . (VMED) $36.69 +1.30%
Alexion Pharmaceuticals Inc (NasdaqGS: ALXN - news) . (ALXN) $96.04 +1.04%
Apollo Group Inc (NasdaqGS: APOL - news) . (APOL) $20.92 +0.97%
KLA-Tencor Corp. (KLAC) $48.35 +0.90%
Cerner Corp. (CERN) $79.97 +0.81%
Microsoft Corp. (MSFT) $27.53 +0.81%
Whole Foods Market Inc (NasdaqGS: WFM - news) . (WFM) $91.97 +0.80%
Nasdaq 100 - Fallers
Bed Bath & Beyond Inc. (BBBY) $55.66 -7.66%
Intuitive Surgical Inc. (ISRG) $496.56 -3.66%
Electronic Arts Inc (NasdaqGS: EA - news) . (EA) $14.05 -2.43%
Staples Inc (NasdaqGS: SPLS - news) . (SPLS) $11.82 -2.35%
Marvell Technology Group Ltd. (MRVL) $8.51 -2.30%
Nuance Communications Inc (NasdaqGS: NUAN - news) . (NUAN) $22.42 -2.10%
VeriSign Inc (NasdaqGS: VRSN - news) . (VRSN) $37.56 -1.95%
Paychex Inc (NasdaqGS: PAYX - news) . (PAYX) $32.46 -1.78%
Maxim Integrated Products Inc (NasdaqGS: MXIM - news) . (MXIM) $29.58 -1.60%
Monster Beverage Corp (MNST) $52.26 -1.51%