Wednesday 6 February 2013

INQUIRER.net: US stocks little changed as earnings fail to inspire

INQUIRER.net
Philippine News for Filipinos
US stocks little changed as earnings fail to inspire
Feb 6th 2013, 23:03

  NEW YORK—Stocks were flat on Wall Street as the latest round of earnings reports failed to give investors an impetus to push the market's recent rally forward.   The Dow Jones industrial average rose 7.22 points to 13,986.52 on Wednesday, after trading slightly lower for most of the day. The Standard & Poor's 500 rose 0.83 point to 1,512.12. The Nasdaq composite was three points lower at 3,168.48   Time Warner rose $2.05, or 4.1 percent, to $52.01 after the company said its net income grew 51 percent in the last three months of 2012 even as revenue was largely unchanged. Marathon Oil Corp. fell 32 cents, or 0.9 percent, to $34.40 after its fourth...

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