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Stocks Bounce Back as Tech Stocks Rally but Ford gets Slammed

Susannah Lee
9/30/14 11:53 AM EDT
Stocks fluctuated in midday trading Tuesday, bouncing back in the green after erasing opening gains. Investors were disappointed by today's economic reports on housing and the consumer. Consumer confidence unexpectedly dropped sharply in September. The Conference Board's index fell to 86 from 93.4 in August. The expectations were for 92.5. eBbay (EBAY) is leading the rally at the Nasdaq after announcing it will spin-off its PayPal business. Apple (AAPL) and Netflix (NFLX) are also up better than 1% in midday trading. But Ford (F) shares are getting slammed after saying it will miss its full-year profit forecast. The country's second-largest automaker is blaming weakening sales in Russia, deflation in South America and recall costs in North America for lowering its guidance. Big move to the upside for Move (MOVE). The stock is soaring about 37% after News Corp (NWSA) agreed to buy the online real estate business. Shares of News Corp are trading slightly lower.
Stock quotes in this video: .IXIC, .DJI, .INX, EBAY, AAPL, NFLX, MOVE, NWSA, F

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