US stocks rise after mixed data, Greek aid delay

US stocks rose in late-morning trade Wednesday after a mixed batch of economic data and another eurozone failure to agree on a crucial aid payment for Greece.

The Dow Jones Industrial Average was up 34.18 points (0.27 percent) at 12,822.69 after two hours of trade (1630 GMT).

The broad-market S&P 500 index was flat, adding a mere 0.92 point (0.07 percent) at 1,388.73, while the Nasdaq Composite gained 4.59 (0.16 percent) at 2,921.27.

"Today is the last full trading day of the week as we approach the Thanksgiving holiday, but the market has a slew of economic reports to digest this morning. These include jobless claims, consumer sentiment, as well as leading indicators for November," said Karee Venema at Schaeffer's Investment Research.

Jobless claims fell to 410,000 last week but the number was still distorted by the effects of Superstorm Sandy, the Labor Department said.

The Conference Board's leading economic indicators for October rose in line with expectations.

A revised reading on consumer confidence in November slipped below the initial estimate by the University of Michigan and fell more than expected.

"Conviction continues to be stymied by continued US fiscal cliff uncertainty and as eurozone leaders delayed its decision on Greek bailout aid again," Charles Schwab & Co. analysts said.

Trading volume was light ahead of US market closures Thursday in observance of the Thanksgiving Day holiday. Markets will be opened Friday for a shortened session.

Deere & Co. shares fell 3.7 percent after the farm and construction equipment maker's quarterly earnings missed analyst estimates.

Hewlett-Packard was the best performer on the Dow, bouncing back from a 12 percent plunge Tuesday on news of a huge charge for a soured acquisition. HP was up 1.7 percent.

By far the Dow laggard, Intel dropped 1.1 percent.

On Tuesday, stocks closed near breakeven as investors digested HP's charge and upbeat housing market data.

Bond prices fell. The 10-year US Treasury yield rose to 1.69 percent from 1.66 percent late Tuesday, while the 30-year increased to 2.83 percent from 2.81 percent.

Bond prices and yields move inversely.

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2520-0.0008-0.06%
    USDSGD=X
    1.7296-0.001-0.06%
    EURSGD=X
    2.1022-0.0019-0.09%
    GBPSGD=X
    81.7743+0.0416+0.05%
    SGDJPY=X
    6.1936+0.0041+0.07%
    SGDHKD=X
    2.5862+0.0016+0.06%
    SGDMYR=X
    9,121.0420-30.1768-0.33%
    SGDIDR=X
    4.9705+0.0063+0.13%
    SGDCNY=X
    1.1690+0.0004+0.04%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,294.60-8.90-0.68%
    GCM14.CMX
    19.67+0.01+0.05%
    SIN14.CMX
    90.18-0.65-0.72%
    ^XAU
    3.04+0.02+0.51%
    HGK14.CMX
    104.59+0.83+0.80%
    CLK14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.73+0.08
    ^FVX
    2.72+0.08
    ^TNX
    3.52+0.06
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.115-0.002-1.71%
    B22.SI
    0.48+0.020+4.35%
    5GJ.SI
    2.27+0.090+4.13%
    5ME.SI
    2.190.0000.00%
    JS8.SI
    0.61+0.005+0.83%
    E5H.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.162+0.034+26.56%
    5GF.SI
    0.20+0.034+20.48%
    5WD.SI
    0.59+0.050+9.26%
    L5I.SI
    0.28+0.020+7.69%
    C33.SI
    0.215+0.015+7.50%
    5UE.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.103-0.010-8.85%
    5OS.SI
    0.112-0.008-6.67%
    5RC.SI
    0.355-0.025-6.58%
    KJ9.SI
    0.215-0.015-6.52%
    F9M.SI
    0.29-0.020-6.45%
    5PC.SI