LONDON (ShareCast) - - Overseas news flow is a drag on Wall Street
- Some positive commentary regarding a possible budget deal
- Data heavy week ahead
Dow Jones Industrials: 0.24%
Nasdaq Composite: 0.02%
S&P 500: 0.18%
Investors are wary but that was not an obstacle for the major US equity market averages to trade slightly higher on Monday, ahead of the release of a bevy of US macroeconomic indicators throughout the week.
That came after weaker than expected Chinese data out overnight - alongside elevated consumer prices - and a ratings downgrade on Italy from ratings agency Fitch.
Of note, the bank sector was benefitting from positive broker commentary, with analysts at UBS (Berlin: UBRA.BE - news) having upgraded their view on Citi to buy from neutral.
In a similar vein, positive noises were also to be heard today from Nomura on the likes of Citi, Goldman Sachs (NYSE: GS-PB - news) and JP Morgan.
Acting as a backdrop, according to some market commentary both parties will present rival - and widely differing - budget plans this week, but there may now be somewhat more scope for an agreement to be breached as contacts between Republicans and Democrats have intensified of late.
Dick´s Sporting Goods fell after guiding lower on earnings per share for the full year.
Bond insurer Genworth Financial (NYSE: GNW - news) rocketed higher after a positive mention in the latest edition of Barron´s. "The price is eight times estimated 2013 earnings of $1.21 a share. Prior to the financial crisis, a more typical price/earnings multiple was 12-18 times forward earnings," the prestigious financial weekly pointed out.
Apple (NasdaqGS: AAPL - news) had been downgraded by Credit Agricole to outperform from buy.
Analysts at RBC Capital raised their price targets on shares of Google (NasdaqGS: GOOG - news) (to $950 from $840) and Yahoo (NasdaqGS: YHOO - news) (to $24 from $22).
From a sector stand-point the best performance can be seen in shares of: Brewers (2.77%), Automobiles (2.08%) and Gambling (1.75%).
Front month crude futures were lower by 0.12% to the $91.97 per barrel level on the NYMEX.
10 year US Treasury yields were up by 1 basis point, to the 2.05% level.
S&P 500 - Risers
Genworth Financial Inc. (GNW) $10.49 +6.66%
Electronic Arts Inc (NasdaqGS: EA - news) . (EA) $19.27 +3.71%
McGraw-Hill Companies Inc. (MHP) $49.20 +3.45%
Sears Holdings Corp. (SHLD) $50.94 +2.55%
Adt Corp (ADT) $49.08 +2.51%
CONSOL Energy Inc (NYSE: CNX - news) . (CNX) $32.92 +2.49%
Cablevision Systems Corp. (CVC (Taiwan OTC: 4744.TWO - news) ) $14.30 +2.44%
Ford Motor Co (NYSE: F - news) . (F) $13.29 +2.42%
Unum Group (NYSE: UNM - news) (UNM) $27.15 +2.41%
Bed Bath & Beyond Inc (NasdaqGS: BBBY - news) . (BBBY) $60.79 +2.39%
S&P 500 - Fallers
Akamai Technologies Inc (NasdaqGS: AKAM - news) . (AKAM) $35.63 -4.32%
Alpha Natural Res (ANR) $8.27 -3.60%
Cliffs Natural Resources Inc (NYSE: CLF - news) . (CLF) $23.99 -2.99%
Valero Energy Corp. (VLO) $44.20 -2.86%
Mead Johnson Nutrition Co. (MJN) $73.04 -2.52%
Edwards Lifesciences Corp (NYSE: EW - news) . (EW) $88.17 -2.36%
Netflix Inc (NasdaqGS: NFLX - news) . (NFLX) $181.24 -1.87%
Peabody Energy Corp (NYSE: BTU - news) . (BTU) $21.59 -1.86%
Intuit Inc (NasdaqGS: INTU - news) . (INTU) $66.53 -1.80%
FLIR Systems Inc (NasdaqGS: FLIR - news) . (FLIR) $26.44 -1.78%
Dow Jones I.A - Risers
Boeing Co (NYSE: BA - news) . (BA) $82.58 +1.67%
American Express Co. (AXP) $65.34 +0.98%
Unitedhealth Group Inc. (UNH) $54.30 +0.91%
United Technologies Corp (NYSE: UTX - news) . (UTX) $92.82 +0.81%
Merck & Co. Inc (Xetra: A0YD8Q - news) . (MRK) $43.32 +0.81%
JP Morgan Chase (Other OTC: JFTTL - news) & Co. (JPM) $50.58 +0.76%
Alcoa Inc (NYSE: AA - news) . (AA) $8.68 +0.75%
Caterpillar Inc (NYSE: CAT - news) . (CAT (Taiwan OTC: 4990.TWO - news) ) $91.19 +0.75%
Bank of America Corp. (BAC) $12.14 +0.58%
Exxon Mobil Corp. (XOM) $89.30 +0.37%
Dow Jones I.A - Fallers
General Electric Co. (GE) $23.58 -0.80%
Verizon Communications Inc. (VZ) $47.70 -0.54%
Microsoft Corp. (MSFT) $27.86 -0.50%
AT&T Inc. (T) $36.52 -0.44%
International Business Machines Corp. (IBM (NYSE: IBM - news) ) $209.87 -0.24%
Home Depot Inc. (HD) $71.22 -0.20%
Hewlett-Packard Co. (HPQ) $20.98 -0.12%
Nasdaq 100 - Risers
Sears Holdings Corp. (SHLD) $50.94 +2.55%
Bed Bath & Beyond Inc. (BBBY) $60.79 +2.39%
Seagate Technology Plc (STX (KSE: 011810.KS - news) ) $33.11 +1.88%
Whole Foods Market Inc (NasdaqGS: WFM - news) . (WFM) $86.33 +1.56%
Sandisk Corp (NasdaqGS: SNDK - news) . (SNDK) $52.53 +1.31%
Micron Technology Inc (NasdaqGS: MU - news) . (MU) $9.32 +1.30%
Dell Inc (NasdaqGS: DELL - news) . (DELL) $14.34 +1.27%
Staples Inc (NasdaqGS: SPLS - news) . (SPLS) $13.12 +1.23%
NetApp Inc (NasdaqGS: NTAP - news) . (NTAP) $34.58 +1.07%
Wynn Resorts Ltd (NasdaqGS: WYNN - news) . (WYNN) $118.54 +1.01%
Nasdaq 100 - Fallers
Akamai Technologies Inc. (AKAM) $35.63 -4.32%
Intuit Inc. (INTU) $66.53 -1.80%
Amgen Inc (Xetra: 867900 - news) . (AMGN) $91.55 -1.56%
Cognizant Technology Solutions Corp. (CTSH) $79.43 -1.34%
Regeneron Pharmaceuticals Inc (NasdaqGS: REGN - news) . (REGN) $170.97 -1.16%
Yahoo! Inc. (YHOO) $22.64 -1.14%
Expedia Inc (NasdaqGS: EXPE - news) . (EXPE) $64.07 -1.00%
Monster Beverage Corp (MNST) $46.94 -0.84%
Amazon.Com Inc. (AMZN) $272.07 -0.77%
Catamaran Corp (CTRX) $54.94 -0.76%