U.S. markets rose for the first time in 2014 on news that the U.S. trade deficit shrank to a four-year low. The Dow Jones Industrial Average gained 0.64 percent to close at 16,530.94, while the S&P 500 Index gained 0.61 percent to close at 1,837.88. The trade deficit fell 12.9 percent to $34.3 billion, well short of economists’ forecasts of $40.0 billion. "With a continuation of strong data from the end of last year, people are starting to think maybe 2014 will be a breakout year for the economy," said Nick Sargen, chief investment officer at Fort Washington Investment Advisors.
EMC Corporation (NYSE: EMC) shares traded in the range of $24.90 to $25.58 Tuesday before settling to close at $25.55, an increase of 2.78 percent. The stock appears to be facing some resistance at the $25.64 and $26.17 levels with some support at $25.39. Shares of EMC have gained approximately 5.0 percent in the past year.
More information on EMC and access to the free equity report can be found at:
www.WallStreetFundamentals.com/EMC
Pfizer Inc. (NYSE: PFE) shares traded in the range of $30.74 to $31.02 Tuesday before settling to close at $30.74, an increase of 0.62 percent. The stock appears to be facing some resistance at the $30.95 and $31.21 levels with some support at $30.64. Shares of Pfizer have gained approximately 18.0 percent in the past year.
More information on Pfizer and access to the free equity report can be found at:
www.WallStreetFundamentals.com/PFE
Verizon Communications Inc. (NYSE: VZ) shares traded in the range of $48.58 to $49.40 Tuesday before settling to close at $49.30, an increase of 1.25 percent. The stock appears to be facing some resistance at the $49.48 and $49.90 levels with some support at $48.83. Shares of Verizon Communications have gained approximately 11.0 percent in the past year.
More information on Verizon Communications and access to the free equity report can be found at:
www.WallStreetFundamentals.com/VZ
Xerox Corporation (NYSE: XRX) shares traded in the range of $12.09 to $12.23 Tuesday before settling to close at $12.19, an increase of 0.83 percent. The stock appears to be facing some resistance at $12.24 with some support at the $12.12 and $12.00 levels. Shares of Xerox have gained approximately 70.0 percent in the past year.
More information on Xerox and access to the free equity report can be found at:
www.WallStreetFundamentals.com/XRX
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