Stock market rally pauses on Monday
A Monday pause ended a record rally as investors weighed if rising stock valuations outpace a modest economy. Retail sales rose 0.1 percent in April, boosting hopes for Q2 growth while major indices hovered near record highs. Dow fell 26.81 points to 15091.68. S&P 500 at 1633.77.
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Market Watch Dow Jones Industrials Summary
Market watch dated May 13, 2013 notes movements in Dow Jones Industrial Average with brief performance cues. It highlights index direction, notable blue chip components, and general market tone without detailed ticker-level data.
Stock market outlook firms up for end of year 2013
S&P data show earnings growth slowing to 3.7 percent in Q2 before rising in H2. Ron Sloan of Invesco says stocks may end 2013 strong due to late-year earnings. In the near term markets are uncertain as investors weigh gains. Yum Brands dropped 1.44 to 68.92, Theravance jumped 6.26 to 41.20, AutoZone fell 5.19 to 415.76.
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Grain futures rise on CBOT with mixed livestock prices
Grains advanced as Wheat July up 5.5 cents to 7.0975 a bushel, Corn July up 19.25 cents to 6.555, Oats July up 3.5 cents to 3.82, Soybeans July up 20.25 cents to 14.1925. Beef and pork eased on CME with June live cattle at 1.2057, May feeders down to 1.3485, June lean hogs at 0.9092.
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Closing Stocks Report NYSE Top Active List
NYSE listed stocks on Monday show prices for many active issues. Notable names include AT&T, ExxonMobil, Chevron, Coca Cola, IBM, General Electric, Apple, and Wells Fargo with varied closes and daily moves. The wrap covers a broad mix of energy, financials, tech, and consumer goods firms trading across the session.
Amtrak unveils 70 new locomotives in test phase
Amtrak revealed the first of 70 new locomotives built in California as part of a fleet renewal aimed at reliability, maintenance efficiency and energy savings. The locomotives, costing $466 million funded by a federal loan, will serve the Northeast Corridor and Keystone routes with service expected by 2016.
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