Stocks search for direction

Written By limadu on Rabu, 17 April 2013 | 17.42

U.S. stocks rose Tuesday.

NEW YORK (CNNMoney)

Results are due before the opening bell from firms including Bank of America (BAC, Fortune 500), PNC (PNC, Fortune 500) and BNY Mellon (BK, Fortune 500). American Express (AXP, Fortune 500) and eBay (EBAY, Fortune 500) are up after the bell.

In economic news, the Federal Reserve will release the April edition of its Beige Book, a survey of regional economies at 2 p.m. ET.

U.S. stock futures were lower ahead of the opening bell.

Fear & Greed Index

European markets were weaker in morning trading, dropping for a fourth consecutive session, while Asian markets ended mixed. The Nikkei added 1.2%, while the Shanghai Composite and Hang Seng were little changed.

U.S. stocks rose Tuesday, bouncing back from the biggest one-day sell-off of the year following the Boston terror attack.

After the bell, Yahoo (YHOO, Fortune 500) reported lousy first-quarter sales and a downbeat outlook, sending shares lower in after-hours trading.

Intel (INTC, Fortune 500) shares rose slightly after-hours as the chipmaker posted earnings and sales in line with expectations. The company reported another decline in chip sales for PCs, however, with revenue from that business falling 6% compared to a year ago. To top of page

First Published: April 17, 2013: 5:12 AM ET


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