ADVFN - Advanced Financial Network.
HOME» NYSE » R » ROK Stock Price » ROK Stock News

Rockwell Automation Share News

 Rockwell Automation, Inc. Stock Price
ROK Stock Price
 Rockwell Automation, Inc. Stock Chart
ROK Stock Chart
 Rockwell Automation, Inc. Stock News
ROK Stock News
 Rockwell Automation, Inc. Company Information
ROK Company Information
 Rockwell Automation, Inc. Stock Trades
ROK Stock Trades

MARKET SNAPSHOT: U.S. Stocks Cap Worst Day In Six Weeks

By Kate Gibson U.S. stocks were clobbered Wednesday, with the Dow industrials tallying their biggest single-day retreat since June 29, as the Federal Reserve's stimulus plan intensified worries about the economic recovery. "Unfortunately what the Fed was able to do yesterday was confirm our fears that we're in an economic soft patch, and that they're going to continue with monetary policy that we had in the past," said Art Hogan, chief market strategist at Jefferies & Co. Bringing it back into the loss column for the year, the Dow Jones Industrial Average (DJI) declined 265.42 points, or 2.5%, to 10,378.83. Alcoa Inc. (AA) led the blue-chip decline that extended to all 30 of the Dow's components, with shares of the aluminum manufacturer down 6.1%. Data on the domestic front and from overseas did not help bolster sentiment in a market that has for weeks veered between downbeat economic reports and positive corporate results. On Wednesday, that trend continued. Entertainment giant Walt Disney Co. (DIS) beat top and bottom-line expectations in its third quarter report and retailer Macy's Inc. (M) reported second-quarter earnings that topped estimates while hiking its 2010 outlook. Conversely, the market also took in reports showing a widening U.S. trade deficit that signaled the country's economy grew less than thought in the second quarter, while China reported a slowdown in factory production. The S&P 500 Index (SPX) shed 31.59 points, or 2.8%, to 1,089.47, its first fall below 1,100 this month. Industrials weighed the most among the S&P's 10 industry groups, with Rockwell Automation Inc. (ROK) and Textron Inc. (TXT) among the hardest hit, the former off 7.1% and the latter 5.7%. "We are still in a correction mode," said Sam Stovall, chief investment strategist at Standard & Poor's Equity Research. The market fell 16% from April 23 until July 2, but has not gone back to the pre-correction level of 1,217 on the S&P 500 seen on April 23, Stovall noted. "So, we will remain in correction mode until we go into bear-market mode or until we go back to a recovery high," he added. Another observer said the see-sawing trade has left Wall Street at a virtual standstill. "When you look at the stock market this year, with all the gyrations and corrections, as of yesterday, we were pretty much flat on the year," said Paul Simon, chief investment officer at Tactical Allocation Group. The Nasdaq Composite Index (RIXF) fell 68.54 points, or 3%, to 2,208.63. For every share gaining six fell on the New York Stock Exchange, where nearly 1.2 billion shares were exchanged. Composite volume topped 4.7 billion. Crude-oil futures ended at $78.02 a barrel, while gold futures closed just below $1,200 an ounce on the New York Mercantile Exchange. The U.S. dollar gained against the euro and most currency rivals, while Treasury prices climbed, pushing yields on 2-year notes to all-time lows. "The stronger dollar has weighed, as has general risk aversion in the aftermath of the Fed's unexpected policy shift on Tuesday," wrote analysts at Action Economics. As stocks thudded lower, the CBOE Volatility Index (VIX) surged 13%, with the gauge of implied market volatility hitting its highest level this month. The Gap Ahead of Wall Street's open, the government said the U.S. trade deficit widened 19% in June to $49.9 billion, more than analysts' expected. U.S. economic growth from April through June was probably softer than first estimated, with gross domestic product likely to be revised down to 1.3% from 2.4% previously in the wake of the trade deficit report, according to a MarketWatch survey. The bigger-than-anticipated trade gap suggests second-quarter GDP "is indeed likely to be revised down closer to 1% or 1.5%," wrote Dan Greenhaus, chief economic strategist at Miller Tabak & Co., in a research note. The Fed on Tuesday afternoon said it would purchase long-term Treasury bonds in an effort to trim borrowing costs, with the central bank's stimulus plan seen as an indication the recovery is in worse shape than some thought.

Stock News for Rockwell Automation (ROK)
03/20/201708:00:00JMP Engineering and New Electric Partner to Retrofit Rogers Centre's...
03/15/201718:50:33Initial Statement of Beneficial Ownership (3)
03/15/201715:07:00Rockwell Automation to Present at Bank of America Merrill Lynch...
03/09/201715:26:00Rockwell Automation to Present at J.P. Morgan Conference
03/08/201712:05:00Rockwell Automation Joins Catalyst CEO Champions for Change Initiative
02/27/201710:50:20Statement of Changes in Beneficial Ownership (4)
02/24/201713:08:32Statement of Changes in Beneficial Ownership (4)
02/24/201712:35:05Current Report Filing (8-k)
02/23/201718:22:28Statement of Changes in Beneficial Ownership (4)
02/23/201709:50:20Statement of Changes in Beneficial Ownership (4)
02/22/201716:50:50Statement of Changes in Beneficial Ownership (4)
02/17/201715:29:30Statement of Changes in Beneficial Ownership (4)
02/16/201717:58:22Statement of Changes in Beneficial Ownership (4)
02/16/201711:22:00Rockwell Automation to Present at Barclays Conference
02/15/201714:45:06Statement of Changes in Beneficial Ownership (4)
02/14/201712:57:26Statement of Changes in Beneficial Ownership (4)
02/13/201711:36:29Statement of Changes in Beneficial Ownership (4)
02/13/201711:33:44Statement of Changes in Beneficial Ownership (4)
02/10/201715:24:03Amended Statement of Ownership (sc 13g/a)
02/10/201710:04:05Current Report Filing (8-k)

Rockwell Automation 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 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations