ADVFN - Advanced Financial Network.
HOME» NYSE » M » MIR Stock Price » MIR Stock News

Mirant Share News

 Mirant Corp (new) Stock Price
MIR Stock Price
 Mirant Corp (new) Stock Chart
MIR Stock Chart
 Mirant Corp (new) Stock News
MIR Stock News
 Mirant Corp (new) Company Information
MIR Company Information
 Mirant Corp (new) Stock Trades
MIR Stock Trades

MARKET SNAPSHOT: U.S. Stock Rise Poises Dow For Close Above 11,000

By Kate Gibson U.S. stocks on Monday stepped modestly higher ahead of the de facto kickoff of first-quarter earnings season, with aluminium giant Alcoa Inc. reporting after the market close. Poised for its first finish above 11,000 since Sept. 26, 2008, the Dow Jones Industrial Average (DJI) was up 19.95 points, or 0.2%, at 11,017.3, with Alcoa (AA) and Caterpillar Inc. (CAT) pacing the gains; both were up more than 2%. The first of the Dow's 30 components to report first-quarter results, Alcoa is expected to swing to a profit under the steam of higher aluminium prices and increased demand. On Wednesday, J.P. Morgan Chase & Co. (JPM) is slated to release its results in what analysts said should provide a barometer of financial-sector fiscal conditions. Other big names set to report results include blue chips Intel Corp. (INTC), Bank of America Corp. (BAC) and General Electric Co. (GE). "By the end of the week, we should have a reasonable idea of whether investors' high expectations for terrific earnings reflected in recent stock price gains over the last eight weeks have been warranted," said Fred Dickson, chief market strategist at Davidson Co. The S&P 500 Index (SPX) rose 3.86 points, or 0.3%, to 1,198.29, with financials rising the most and materials the laggard among the index's 10 industry groups. The Nasdaq Composite Index (RIXF) was up 7.9 points, or 0.3%, at 2,461.95. Activity on the corporate M&A front also bolstered sentiment, with Mirant Corp. (MIR) agreeing to acquire rival power firm Reliant Energy Inc. (RRI) for $1.61 billion and military contractor DynCorp International (DCP) getting taken out by private-equity firm Cerberus Capital Management. European leaders over the weekend agreed to offer loans to Greece, helping to ease worries that rising debt in Greece and other countries in Europe might curb the global economic recovery and weaken the euro. Crude-oil futures finished at $84.34 a barrel, and gold futures ended higher at $1,162.20 an ounce. Advancers outran decliners roughly 3-2 on the New York Stock Exchange, where 631 million shares changed hands and composite trading volume topped 3.6 billion. On Friday, U.S. stock benchmarks closed out a sixth consecutive week of gains, taking the Dow industrials above 11,000 intraday for the first time since late September 2008.

Stock News for Mirant (MIR)
No Recent News Available

Mirant and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations