STOCKS GO NOWHERE: Here's what you need to know - Yahoo Finance
At market close the Dow and S&P 500 were flat while the Nasdaq was up 0.3%. Stocks on the Move PepsiCo (PEP) enjoyed decent year-over-year volume gains in the fourth quarter, with snacks posting a 2% improvement and beverages up 1%. We're particularly encouraged by share gains in Frito-Lay North America, the largest portion of the snack division, although solid gains in AMEA (up 8%) and Europe (up 3%) also contributed. In beverages, the company saw carbonated drink volume decline in the United States but enjoyed domestic noncarbonated performance slightly ahead of Coca-Cola KO and drove Latin American organic beverage growth of 3%. Core operating margin improved 32 basis points in 2014.
The new Greek government is looking to renegotiate austerity measures and other conditions of the bailout, while many other stakeholders are looking to largely extend the current terms. At midday the Dow was off 0.2%, the S&P 500 was flat while the Nasdaq was up 0.4%. Stocks on the Move PepsiCo (PEP) enjoyed decent year-over-year volume gains in the fourth quarter, with snacks posting a 2% improvement and beverages up 1%. We're particularly encouraged by share gains in Frito-Lay North America, the largest portion of the snack division, although solid gains in AMEA (up 8%) and Europe (up 3%) also contributed.
Stocks Choppy as Greece Remains in Focus - Yahoo Finance
The price of oil, another major focus of markets recently, fell again on Wednesday with West Texas Intermediate crude prices slipping about 1.5% to move back below $50 a barrel. Data from the EIA on Wednesday also showed that the oil market continues to be oversupplied, as US crude oil inventories totaled 417.9 million last week, the most in at least 80 years. And Wall Street is loading up on its bet against energy stocks, with data from Bespoke Investment Group showing that the short float on S&P 500 energy stocks is currently at 9.88%, the most since at least 2008. 4. Carl Icahn thinks Apple is worth $216 per share . In a letter to his "Twitter users" on his website shareholdersquaretable.com, Icahn wrote that he thinks shares of Apple are worth $216 and the noted hedge fund manager also raised his forecasted earnings for the iPhone market to $9.70 from $9.60 per hare this year.
Stocks are higher and oil is lower - Yahoo Finance
At 12:11 p.m. GMT, MNI reported that the EU Commission was tabling a six-month deal for Greece. That would most likely mean the bridging loan that Varoufakis wants to tide Greece over until the end of the summer. Nothing is confirmed, and the EU says there is nothing formal on the table, but as of 1:20 p.m. GMT, Greek stocks are up by nearly 6%.