Market Wrap: Nuke Testing in N. Korea; Job Openings Slip from Highs; More Resistance for Dell

February 12, 2013 5:43 PM EST Send to a Friend
Market wrap-up for February 12th

End of the Day: S&P 500 up 2.4 to 1,519.43; Dow Jones up 47.5 to 14,018.70; Nasdaq down 5.5 to 3,186.49

The following is a brief summary of events moving markets today:

* North Korea conducted a third nuclear test on Tuesday, saying the device was more powerful than those tested in 2006 and 2009. The move, which went against U.S. resolutions, drew ire from around the globe. Included in those that protested the event include N. Korea's only major ally, China, as well as from President Obama, who called the event a "threat to regional stability."

* Apple (Nasdaq: AAPL) CEO Tim Cook took the stage at the Goldman Sachs Technology and Internet Conference today, before sitting in at President Obama's State of the Union address later on.

* Job openings fell in December from a four-year high. According to data from the U.S. Labor Department, openings slipped 173,000 to 3.62 million positions, from a revised higher 3.79 million in November. Despite the high number of openings, the U.S. unemployment has been firm at 7.8 percent to 7.9 percent since last September.

* Dell, Inc. (Nasdaq: DELL) ended modestly higher today amid reports that another large shareholder was aiming to oppose the $13.65 per share 'go private' deal. According to reports, T. Rowe Price, which holds about 4.4 percent of Dell shares, will not go along with the deal. CFO Brian Rogers said, "We believe the proposed buyout does not reflect the value of Dell, and we do not intend to support the offer as put forward."

* Comcast Corporation (Nasdaq: CMCSA) announced today it will acquire GE’s (NYSE: GE) entire 49% common equity stake in the NBCUniversal joint venture for approximately $16.7 billion. Also, NBCUniversal will purchase from GE the properties used by NBCUniversal at 30 Rockefeller Plaza and CNBC’s headquarters in Englewood Cliffs, NJ for approximately $1.4 billion. For more from the release, click here.

* The G7 issued a statement Tuesday saying members will not engage in a currency war. The statement follows recent backlash about comments from Japan suggesting they were targeting a specific exchange rate that has led to a large drop in the yen. To read the statement, click here.

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