dow jones today
Stock Market News Today, Nov. 11: The stock market today is inching up today, with the Dow headed for another record close.
Meanwhile, crude oil is trading up a bit today, with light crude oil for December delivery up about 0.2% near $94.80. And gold is down a tad near $1,281 an ounce, likely still weighed by last week's stronger than expected jobs report.To continue reading click here...
Stock Market News Today: Dow Up 160 Points Midday
Your stock market news today: Equities are higher across the board this morning after Larry Summers withdrew his name from the candidates to replace Ben Bernanke as head of the U.S. Federal Reserve. Summers told President Barack Obama on Sunday that he believes his appointment would be too controversial.
The Dow is up 1% at 15,536, Nasdaq is up 0.3% at 3,732, and the S&P 500 is up 0.8% at 1,701.To continue reading, please click here...
Stocks are holding their gains even as new manufacturing data on the New York region reflects an unexpected decline in manufacturing activity there. Investors also received data on industrial production and capacity utilization in August this morning that revealed the biggest monthly gain in six months last month.
The Stock Market Today: Zynga (ZNGA), Kraft (KFT), Hewlett-Packard (HPQ), Hartford (HIG)
Companies making news in the stock market today include Zynga Inc. (Nasdaq: ZNGA), Kraft Foods Inc. (NYSE: KFT), Hewlett-Packard Co (NYSE: HPQ) and Hartford Financial Services (NYSE: HIG).
Here's a roundup of these market moves:
Zynga Inc. (Nasdaq: ZNGA) said Wednesday it plans to buy OMGPOP, maker of the explosively popular "Draw Something" game.
Financial terms were not disclosed, but Zynga is rumored to have paid about $200 million for the start-up.
OMGPOP's Draw Something game tops both the iTunes "top paid" and "top free" lists, and is the top-grossing iTunes app. AllThingsD reports the company has recently been netting around $250,000 a day from the game, even after Apple (Nasdaq: AAPL) takes its 30% cut.
ZNGA rose 2.46% Wednesday to close at $13.72.
Kraft Foods Inc. (NYSE: KFT) announced a name-change for its global snacks business to be spunoff this year - drumroll, please...