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Market Update Analysis: 
Little News to Give Stocks a Direction
Author: Albena Toncheva
123jump.com
Last Update: 12:20 AM ET July 12 2005


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Stocks held in the middle of the intraday trading ranges though they got some downward pressure. The major averages slightly declined.Ameritrade reached a new 52-week high on in-line 3Q earnings. Open Text slightly slid on slashed outlook. Investors kept to the sidelines ahead of a slew of key earnings reports due later in the week.

 
OTHER NEWS

South Korea promised energy aid to poor North Korea trying to encourage it to return nuclear disarmament talks after more than a year deadlock and give up nuclear weapons at the revived six-nation arms talks.

China agreed to take steps against piracy of U.S products as part of a package incremental measures which aim at easing the accumulated anti-Chinese sentiment in the U.S. Congress. The American Commerce Secretary said that the Bush administration would closely supervise the execution of the undertaken measures.
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