NEW YORK (CNNMoney)
The Dow Jones industrial average inched higher, holding just below 16,000 in early trading. The S&P 500 and the Nasdaq edged lower. The S&P 500 briefly topped 1,800 for the first time Monday while the Nasdaq is nearing 4,000 -- its highest level since September 2000.
With the market surging as much as it has this year and trading near important psychological levels, there are growing concerns about whether stocks are overvalued.
"Nobody really wants to be buying right at the top," said Alastair McCaig, market analyst at IG in London.
Investors were awaiting a number of corporate announcements, which could help set market direction.
Related: 8 things to know about the 2013 bull market
JPMorgan Chase (JPM, Fortune 500) and the Justice Department are expected to finalize a $13 billion settlement related to the bank's past mortgage practices. The settlement and announcement could come as soon as Tuesday.
Shares of Nokia (NOK) and Microsoft (MSFT, Fortune 500) dipped following reports that shareholders approved Microsoft's planned acquisition of Nokia's mobile phone business.
On the earnings front, Best Buy (BBY, Fortune 500) reported quarterly revenue and profit that beat expectations. But shares tumbled after the electronics retailer said that more promotions during the holiday shopping season could hurt its profit margins.
Urban Outfitters (URBN) shares slipped after the retailer offered cautious guidance for the fourth quarter.
Related: Fear & Greed Index still shows greed
Campbell Soup (CPB, Fortune 500) lowered its guidance after a weak quarterly report.
Home Depot (HD, Fortune 500) reported significant growth in profit, revenue and same-store sales, and raised guidance for the year. Shares of the home improvement retailer rose on the news. Home Depot's rival Lowe's was also up. Lowe's (LOW, Fortune 500) will release its latest results before the opening bell on Wednesday.
Tesla (TSLA) shares steadied after falling sharply on news the National Highway Safety administration opened an investigation into vehicle fires. 
First Published: November 19, 2013: 9:43 AM ET
Anda sedang membaca artikel tentang
The hangover: Stocks step back from records
Dengan url
http://kasiatbuatsehat.blogspot.com/2013/11/the-hangover-stocks-step-back-from.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
The hangover: Stocks step back from records
namun jangan lupa untuk meletakkan link
The hangover: Stocks step back from records
sebagai sumbernya
0 komentar:
Posting Komentar