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Stocks Fluctuate After Seeing Weakness In Early Trading - U.s. Commentary -

January 29, 2015

Stocks trying to recover from selloff - Yahoo Finance

Day holiday. A separate report released by the National Association of Realtors unexpectedly showed a sharp drop in pending home sales in the month of December. Sector News With Qualcomm leading the way lower, telecom stocks continue to see substantial weakness in mid-day trading. The NYSE Arca Telecom Index has plunged by 6.5 percent, hitting its lowest intraday level in well over a year. Sprint ( S ) and Telephone & Data Systems ( TDS ) are posting notable losses along with Qualcomm, falling by 3 percent and 2.6 percent, respectively.

Stocks trying to recover from selloff -

Oil rose fractionally, but gold, silver, and copper all fell more than 1 percent. A strong U.S. dollar is the main theme in foreign-exchange markets. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Crude oil got slammed again , falling more than 4% to as low as $44.20 a barrel as oil still cannot here. find a bottom. Data from the EIA on Wednesday showed that oil inventories are at their highest level in "at least 80 years." This followed new from the API on Tuesday that showed crude inventories rose by 13 million barrels last week. 4. S&P put Greece's credit rating on review with negative implications as the financial situation in Greece remains uncertain following the election of Syriza over the weekend.

STOCKS COLLAPSE INTO THE CLOSE: Here's What You Need To Know - Yahoo Finance

Quarterly revenue of $74.6 billion raced past the high end of Apples prior forecast of $66.5 billion, making this revenue beat its largest in at least the last 12 quarters. All credit goes to the iPhone, whose sales of 74.5 million units surpassed even Apples own internal projections, representing 46% growth from the year-ago quarter. iPhone pricing also remained robust, at $687 per unit, thanks to a richer mix toward the higher-priced iPhone 6 Plus and phones sold with greater storage capacity. Similarly, gross margin expanded 190 basis points sequentially, to 39.9%.

Stocks Slide in Late Trading After Fed - Yahoo Finance

Today also brings initial jobless claims at 8:30 a.m. ET, pending home sales at 10 a.m. ET, and natural-gas inventories at 10:30 a.m. ET. The next two sessions have two other major events, as well: the preliminary estimate for fourth-quarter gross domestic product tomorrow morning and the Institute for Supply Management's manufacturing index Monday.

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