News Headline Summary

US EQUITY WRAP

US equity markets finished the session in positive territory in a quiet session and little news to drive price action. A buyside closing imbalance supported price action in the final minutes of trade, and the VIX broke to fresh lows after two days of solid gains. Hewlett Packard was the notable outperformer through today following their earnings report after-market yesterday which saw an EPS and revenue beat, and higher guidance; co. shares finished up 12.3%. In contrast the worst performing in the S&P was Abercrombie & Fitch, finishing down 4.5% after a less impressive Q4 earnings performance. Finally, the DJIA finished up 0.86% at 14000.57, the S&P 500 finished up 0.88% at 1515.60 and the NASDAQ 100 finished up 0.95% at 2737.28.

22 Feb 2013 - 16:05 - Equities - Source: RANsquawk

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