Stock Market
Dow Rises for Eighth Week in Row
News Corp.(NWSA) shares spurted 4.5% to $15.32 on reports that it might consider concessions, including spinning off Sky News , to avoid a lengthy review of its bid to take full control of BSkyB.
Other prominent gainers within the S&P 500 included Dean Foods(DF) and Capital One Financial, while Advanced Micro Devices(AMD), People's United Financial(PBCT) and First Horizon(FHN) were among the major losers. In commodity markets, the March crude oil contract fell 48 cents lower at $89.11 a barrel. The February gold contract shed $5 to settle at $1,341 an ounce. Gold prices have been struggling as emerging economies embark on monetary tightening.
The dollar weakened against a basket of currencies with the dollar index down by 0.9%. The benchmark 10-year Treasury note was up by 2/32, diluting the yield to 3.447%.
.
Overseas, Hong Kong's Hang Seng slipped 0.5% and Japan's Nikkei declined 1.6%. London's FTSE and the DAX in Frankfurt gained 0.5% each.
-- Written by Melinda Peer and Shanthi Bharatwaj in New York.
TheStreet Premium Services
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn MoreTo begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,454.83 | 1,317.82 | 2,837.53 | 17.45 |
Oil *
107.26
|
|
DOWN
74.92 |
DOWN
2.86 |
DOWN
1.85 |
DOWN
0.14 |
10 Yr
1.74%
SPDR Gold
152.68
|
|
-0.60%
|
-0.22%
|
-0.07%
|
-0.80%
|
Data delayed 20 minutes |
Connect with TheStreet