Stocks cling to modest gains at mid-day, as all three major U.S. indices continue to trade higher for the session.
Economic Reports:
Cigna Corp. reports it will cut approximately 1,100 jobs due to the slumping economy - Full story.
Logitech International SA reports that the company will cut about 15% of its salaried workforce and withdraw its 2009 forecasts - Full story.
United States Steel Corp. will halt production of certain steel pipes in order to focus on sheet and tubular products - Full story.
Toyota Motor Corp. will halt production in all 12 Japanese plants for 11 days over February and March - Full story.
Dow Chemical announces that it will pursue legal action against a state-owned Kuwaiti company for backing out of a proposed deal - Full story.
Major overseas markets have posted mostly higher results for Tuesday. London's FTSE was up 1.29%, Frankfurt's DAX closed up 0.85%, and Paris' CAC finished up 1.08%. Japan's Nikkei was up 0.42%, Hong Kong's Hang Seng closed down 0.35%, and Sydney's All Ordinaries Index finished down 1.38%.
Economic Calendar:
Wed: No Reports Today;
Thurs: Initial Jobless Claims and Consumer Credit;
Fri: Hourly Earnings, Nonfarm Payrolls, Unemployment Rate and Wholesale Inventories.
Aaron Jacobs - News Editor
MacroWorld Research
aaron.jacobs@mworld.com
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Market Overview
(01/06/2009 01:26 PM ET)| Trading Volume(mil): | | NYSE: 649 | | NASDAQ: 1204 |
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Key Indicators
World Markets
| Amsterdam EOE | 269.3 | +7.5 | Tue 12:07 | | Brazil Bovespa | 42,134.0 | +615.4 | Tue 13:14 | | Frankfurt DAX | 5,026.3 | +42.3 | Tue 11:45 | | FTSE™ 100 | 4,638.9 | +59.3 | Tue 11:45 | | Hang Seng | 15,509.5 | -53.8 | Tue 03:19 | | Madrid General | 1,031.7 | +8.2 | Tue 11:37 | | Mexican IPC | 23,111.7 | -127.1 | Tue 13:08 | | Milan Stock Exchange | 16,099.0 | +330.0 | Tue 11:48 | | Nikkei Dow | 9,080.8 | +37.7 | Tue 01:30 | | Paris CAC 40 | 3,396.2 | +36.3 | Tue 12:10 | | Seoul Composite | 1,194.3 | +20.7 | Tue 02:18 | | Shanghai Composite | 1,937.1 | +56.4 | Tue 02:00 | | Stockholm General | 214.6 | +0.6 | Mon 07:11 | | Straits Times | 1,913.7 | -11.2 | Tue 04:10 | | Swiss Zurich | 5,799.3 | +43.2 | Tue 11:31 | | Sydney All Ord | 3,689.2 | +50.3 | Tue 01:32 | | Toronto Exchg | 9,429.0 | +143.4 | Tue 13:14 |
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