GE, Comcast surge after big NBCUniversal deal

General Electric and Comcast both surged in heavy trade Wednesday after their $18 billion deal over NBCUniversal, as markets closed mixed on an otherwise lackluster day.

Apparently unaffected by President Barack Obama's State of the Union speech late Tuesday -- in which he pressed for more middle class-friendly policies and argued against big spending cuts -- the Dow Jones Industrial Average finished down 35.79 points (0.26 percent) at 13,982.91.

The broad-based S&P 500 edged up 0.90 (0.06 percent) to 1,520.33, barely extending a five-year high reached Tuesday.

The tech-rich Nasdaq Composite climbed 10.39 points (0.33 percent) to 3,196.88.

Trade was strong in GE and Comcast, after Comcast agreed late Tuesday to buy joint-venture partner GE's 49 percent in entertainment group NBCUniversal for $18.1 billion, taking 100 percent control of the media giant.

Dow member GE shares added 3.6 percent while Comcast gained 3.0 percent.

Amazon gained 4.2 percent after it set a deal to supply programming from CBS Corp through its streaming entertainment services.

Rival Netflix added 4.7 percent, helped by its announcement of a contract to produce and stream an original children's series with Deamworks Animation.

BlackBerry -- the former Research in Motion -- lost nearly 8.0 percent, falling as a Gartner Survey showed that its third-ranked operating system lost market share in the 2012 fourth quarter, falling to 3.5 percent globally from 8.8 percent in the year-ago period.

Among companies reporting earnings, ThomsonReuters sank 2.3 percent after turning in fourth-quarter net earnings that slightly beat forecasts, but a five percent fall in revenue.

The company announced it would cut 2,500 jobs in its risk division by the end of the year as part of a cost-cutting drive.

Farm and construction equipment maker Deere dropped 3.5 percent despite its better-than-expected quarterly earnings; it forecast the industry as a whole would be flat this year.

Energy bar maker Cliffs Natural Resources plunged 20 percent after reporting a surprise fourth-quarter loss and slashing its dividend by 76 percent.

Bond prices fell. The yield on the 10-year US Treasury rose to 2.02 percent from 1.98 percent Tuesday while the 30-year increased to 3.22 percent from 3.19 percent. Bond prices and yields move inversely.

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.37810.000.00%
    USDSGD=X
    1.49430.000.00%
    EURSGD=X
    2.07220.000.00%
    GBPSGD=X
    87.67880.000.00%
    SGDJPY=X
    5.62870.000.00%
    SGDHKD=X
    2.67450.000.00%
    SGDMYR=X
    9,489.91210.000.00%
    SGDIDR=X
    4.54580.000.00%
    SGDCNY=X
    1.06340.000.00%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,168.20-28.00-2.34%
    GCJ15.CMX
    15.93-0.23-1.44%
    SIK15.CMX
    67.60-4.93-6.80%
    ^XAU
    2.61-0.04-1.64%
    HGK15.CMX
    49.78-0.98-1.93%
    CLJ15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.70+0.12
    ^FVX
    2.24+0.13
    ^TNX
    2.84+0.12
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    100.007-0.008-0.01%
    41H.SI
    1.055+0.050+4.98%
    N21.SI
    1.237+0.007+0.57%
    41I.SI
    0.925-0.025-2.63%
    G13.SI
    0.280.000.00%
    5WA.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.147+0.041+38.68%
    40E.SI
    0.119+0.014+13.33%
    5CH.SI
    0.194+0.019+10.86%
    5OQ.SI
    0.59+0.05+9.26%
    L5I.SI
    0.25+0.02+8.70%
    41C.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.185-0.040-17.78%
    MR8.SI
    0.26-0.05-14.75%
    T4B.SI
    0.13-0.02-12.75%
    5TW.SI
    0.12-0.02-11.11%
    P07.SI
    0.325-0.030-8.45%
    D03.SI