Australian (ASX) Stock Market Forum

NYSE Dow Jones finished today at:

Jump to new
Source: http://finance.yahoo.com

The NYSE DOW closed LOWER ▼ -107.67 points or ▼ -0.60% on Monday, 15 June 2015
Symbol …........Last …......Change.......
Dow_Jones 17,791.17 ▼ -107.67 ▼ -0.60%
Nasdaq____ 5,029.97 ▼ -21.13 ▼ -0.42%
S&P_500___ 2,084.43 ▼ -9.68 ▼ -0.46%
30_Yr_Bond____ 3.09 ▼ -0.01 ▼ -0.29%

NYSE Volume 3,063,681,000
Nasdaq Volume 1,791,709,750

Europe
Symbol... .....Last ….....Change.......
FTSE_100 6,710.52 ▼ -74.40 ▼ -1.10%
DAX_____ 10,984.97 ▼ -211.52 ▼ -1.89%
CAC_40__ 4,815.36 ▼ -85.83 ▼ -1.75%

Asia Pacific
Symbol...... ….......Last .....Change…......
ASX_All_Ord___ 5,541.50 ▼ -10.60 ▼ -0.19%
Shanghai_Comp 5,062.99 ▼ -103.36 ▼ -2.00%
Taiwan_Weight 9,259.48 ▼ -42.45 ▼ -0.46%
Nikkei_225___ 20,387.79 ▼ -19.29 ▼ -0.09%
Hang_Seng.__ 26,861.81 ▼ -418.73 ▼ -1.53%
Strait_Times.__ 3,323.13 ▼ -30.72 ▼ -0.92%
NZX_50_Index_ 5,819.97 ▼ -27.00 ▼ -0.46%

http://finance.yahoo.com/news/us-stock-market-ends-lower-200836406.html

US stock market ends lower as Greek bailout talks stall

Worries over Greek bailout, discouraging US manufacturing data weigh down stock market

Associated Press By Alex Veiga, AP Business Writer

Concerns over Greece's latest effort to avoid a default weighed on U.S. financial markets Monday.

The Dow Jones industrial average slipped 107.67 points, or 0.6 percent, to 17,791.17. The Standard & Poor's 500 index slid 9.68 points, or 0.5 percent, to 2,084.43. The Nasdaq composite lost 21.13 points, or 0.4 percent, to 5,029.97.

Monday's slide got started early after weekend negotiations between Greece and its creditors failed to get the struggling nation closer to a bailout deal.

Greek leaders want to get access to the final 7.2 billion euros ($8.2 billion) of their bailout program that's needed to repay debts and avoid a possible default that could trigger an exit from the euro; the bailout package expires at the end of the month.

"All eyes, including our own, are on Greece," said Erik Davidson, chief investment officer for Wells Fargo Private Bank. "This is a grand experiment and if it were to go awry, it would certainly have implications."

Investors also got some discouraging news from the Federal Reserve Bank of New York's latest Empire State manufacturing index. This month's reading fell to negative 2, which means manufacturing activity is contracting. The report suggested manufacturers are still being held back by a strong dollar and cutbacks in investment by oil and gas drillers.

Traders did get some good news on the homebuilding sector. A survey of U.S. homebuilders vaulted to the highest level since last fall, and separate measures of builders' sales expectations jumped to housing boom-era levels.

The report helped lift shares of most homebuilders. California builders Standard Pacific and Ryland Group, which announced late Sunday that they will combine later this year, were among the biggest gainers in the sector.

Standard Pacific added 47 cents, or 5.6 percent, to $8.83. Ryland rose $2.23, or 5.2 percent, to $45.02.

Nine of the 10 sectors in the S&P 500 fell, with industrials stocks leading the declines.

Beyond the day's action, investors were looking ahead to Wednesday's meeting of the Federal Reserve's policymakers, when the central bank is expected to deliver an update on its interest rate policy.

Wall Street has been trying to gauge when the Fed will begin raising its key interest rate from near zero. Many economists anticipate such a move could come as soon as September.

"When the doctor comes in and tells you we're going to take you off your medication it's usually good news," said Davidson. "At the same time, there's a prevailing sentiment that much of the run-up in the stock market has been a direct result of stimulus."

Benchmark U.S. crude oil continued to fall, losing 44 cents to close at $59.52 a barrel on the New York Mercantile Exchange. The contract hit a high for the year last Wednesday but has been falling since then.

U.S. government bond prices rose. The yield on the 10-year Treasury note fell to 2.36 percent from 2.39 percent late Friday.

Precious and industrial metals futures closed mixed. Gold rose $6.60 to $1,185.80 an ounce, silver rose 26 cents to $16.08 an ounce and copper fell three cents to $2.65 a pound.

In energy futures trading: Brent crude fell $1.26 to $62.61 a barrel, wholesale gasoline slipped 2 cents to $2.10 a gallon, heating oil eased 2 cents to $1.87 a gallon, and natural gas rose 14 cents to 2.90 per 1,000 cubic feet.
 

Attachments

  • jun15.png
    jun15.png
    13.5 KB · Views: 10
Source: http://finance.yahoo.com

The NYSE DOW closed HIGHER ▲ 113.31 points or ▲ 0.64% on Tuesday, 16 June 2015
Symbol …........Last …......Change.......
Dow_Jones 17,904.48 ▲ 113.31 ▲ 0.64%
Nasdaq____ 5,055.55 ▲ 25.58 ▲ 0.51%
S&P_500___ 2,096.29 ▲ 11.86 ▲ 0.57%
30_Yr_Bond____ 3.05 ▼ -0.04 ▼ -1.20%

NYSE Volume 2,905,981,250
Nasdaq Volume 1,655,304,250

Europe
Symbol... .....Last ….....Change.......
FTSE_100 6,710.10 ▼ -0.42 ▼ -0.01%
DAX_____ 11,044.01 ▲ 59.04 ▲ 0.54%
CAC_40__ 4,839.86 ▲ 24.50 ▲ 0.51%

Asia Pacific
Symbol...... ….......Last .....Change…......
ASX_All_Ord___ 5,535.20 ▼ -6.30 ▼ -0.11%
Shanghai_Comp 4,887.43 ▼ -175.56 ▼ -3.47%
Taiwan_Weight 9,212.78 ▼ -46.70 ▼ -0.50%
Nikkei_225___ 20,257.94 ▼ -129.85 ▼ -0.64%
Hang_Seng.__ 26,566.70 ▼ -295.11 ▼ -1.10%
Strait_Times.__ 3,298.09 ▼ -25.04 ▼ -0.75%
NZX_50_Index_ 5,813.93 ▼ -6.04 ▼ -0.10%

http://finance.yahoo.com/news/focus-talk-company-deals-sends-211814681.html

Focus on talk of company deals sends US stock indexes higher

Deal talk drives US stocks higher; Aetna climbs on reports of UnitedHealth interest

Associated Press By Alex Veiga, AP Business Writer

Signs of more corporate dealmaking sent U.S. stocks higher on Tuesday, allowing investors to take their mind off Greece's debt troubles.

Investors were also looking ahead to Wednesday's economic and interest rate policy update from the Federal Reserve. They'll be looking for hints as to when the central bank will begin raising its key interest rate after holding it close to zero for more than six years.

Many economists expect the central bank will raise its rate in September if the economy keeps strengthening. Ultra-low rates have helped drive the six-year bull market. Stocks have managed only small gains this year, as investors have obsessed about the outlook for interest rates.

"The sooner they define it and actually do it, the better off for the market," said JJ Kinahan, TD Ameritrade's chief strategist. "The market just wants something tangible to trade on, and between the Fed and Greece we're getting neither."

The Dow Jones industrial average gained 113.31 points, or 0.6 percent, to 17,904.48. The Standard & Poor's 500 index rose 11.86 points, or 0.6 percent, to 2,096.29. The Nasdaq composite rose 25.58 points, or 0.5 percent, to 5,055.55.

All 10 sectors in the S&P 500 index moved higher, with consumer staples leading the gains. The sector rose 1.1 percent, but remains down 1.4 percent this year.

Aetna rose 3.3 percent after The Wall Street Journal reported that UnitedHealth Group approached the rival health insurer about a deal. Aetna added $3.96 to $124.97. UnitedHealth Group gained $2.57, or 2.2 percent, to $121.55.

Perrigo climbed gained $7.95, or 4.3 percent, to $191.25 as traders anticipated that it may be acquired by a rival. Mylan, a maker of generic drugs, has said it wants to buy the company, but is being targeted itself by Teva Pharmaceuticals.

On Tuesday, Abbott Laboratories, Mylan's biggest shareholder, said that it backed Mylan's plan to remain a stand-alone company. Teva has made a $40 billion bid for Mylan, but wants that company to drop its pursuit of Perrigo.

Coty surged 19.3 percent on news reports that the cosmetics and fragrance company has won an auction to buy several Procter & Gamble businesses. Coty gained $5.03 to $31.08.

News that U.S. homebuilders broke ground on fewer homes last month sent shares in homebuilders lower. Meritage Homes fell the most, losing 59 cents, or 1.3 percent, to $43.58.

European stocks were mixed. France's CAC 40 rose 0.5 percent, while Germany's DAX added 0.5 percent. Britain's FTSE 100 was flat. Greece's main stock index sank 4.8 percent.

In energy trading, benchmark U.S. crude rose 45 cents to close at $59.97 a barrel in New York. Brent crude for August delivery, a benchmark for international oil used by many U.S. refineries, fell 25 cents to close at $63.70 a barrel in London. The Brent contract for July delivery expired Monday at $62.61.

In other futures trading, wholesale gasoline rose 2.6 cents to close at $2.125 a gallon, while heating oil rose 1.5 cents to close at $1.885 a gallon. Natural gas fell 0.5 cent to close at $2.894 per 1,000 cubic feet.

In precious metals trading, gold dropped $4.90 to $1,180 an ounce. Silver fell 11.8 cents to $15.97 an ounce. Copper slipped 3 cents to $2.62 a pound.

Bond prices rose. The yield on the 10-year Treasury note edged down to 2.31 percent from 2.36 percent late Monday.
 

Attachments

  • jun16.png
    jun16.png
    14.8 KB · Views: 12
Source: http://finance.yahoo.com

The NYSE DOW closed HIGHER ▲ 31.26 points or ▲ 0.17% on Wednesday, 17 June 2015
Symbol …........Last …......Change.......
Dow_Jones 17,935.74 ▲ 31.26 ▲ 0.17%
Nasdaq____ 5,064.88 ▲ 9.33 ▲ 0.18%
S&P_500___ 2,100.44 ▲ 4.15 ▲ 0.20%
30_Yr_Bond____ 3.07 ▲ 0.02 ▲ 0.62%

NYSE Volume 3,224,647,500
Nasdaq Volume 1,714,043,000

Europe
Symbol... .....Last ….....Change.......
FTSE_100 6,680.55 ▼ -29.55 ▼ -0.44%
DAX_____ 10,978.01 ▼ -66.00 ▼ -0.60%
CAC_40__ 4,790.62 ▼ -49.24 ▼ -1.02%

Asia Pacific
Symbol...... ….......Last .....Change…......
ASX_All_Ord___ 5,590.30 ▲ 55.10 ▲ 1.00%
Shanghai_Comp 4,967.90 ▲ 80.47 ▲ 1.65%
Taiwan_Weight 9,189.83 ▼ -22.95 ▼ -0.25%
Nikkei_225___ 20,219.27 ▼ -38.67 ▼ -0.19%
Hang_Seng.__ 26,753.79 ▲ 187.09 ▲ 0.70%
Strait_Times.__ 3,333.49 ▲ 35.40 ▲ 1.07%
NZX_50_Index_ 5,779.26 ▼ -34.67 ▼ -0.60%

http://finance.yahoo.com/news/us-stocks-rise-fed-stands-201348966.html

US stocks rise after Fed stands pat on rates

Stocks gain after Fed says it's seeing improvement in economy, but not enough to raise rates
Associated Press By Alex Veiga, AP Business Writer

Stocks edged higher Wednesday after the Federal Reserve reassured investors it was in no rush to raise interest rates from historically low levels.

The central bank said that the economy is strengthening, but not enough for policymakers to signal an imminent rate hike. The Fed's benchmark rate has remained near zero for more than six years in an effort to bolster the economy and encourage borrowing, lending and investment.

Surging stocks and ultra-low rates have gone hand-in-hand over the last six years, pushing the market to all-time highs.

"This makes the market feel more confident," said Alan Rechtschaffen, financial advisor at UBS Wealth Management Americas.

As the economy has recovered investors have been trying to gauge not only when the Fed will begin raising rates, but also how aggressively it will move. Investors worry that if rates climb too quickly, the economy will slump.

The Dow Jones industrial average gained 31.26 points, or 0.2 percent, to 17,935.74. The Standard & Poor's 500 index rose 4.15 points, or 0.2 percent, to 2,100.44. The Nasdaq composite rose 9.33 points, or 0.2 percent, to 5,064.88.

Bond prices also rose after the Fed released its statement at 2 p.m. Eastern time. The yield on the 10-year Treasury note fell to 2.31 percent from 2.38 percent just before the statement was released.

Fed Chair Janet Yellen told reporters after a two-day policy meeting that the central bank needs to see more gains in employment and stronger signs of inflation before raising rates. She didn't provide a timetable for an increase, but most economists expect the Fed to move later this year.

Utilities gained the most of the 10 sectors in the S&P 500.

Investors buy the dividend-rich stocks to provide them with an income. Low rates make them look attractive compared to bonds.

The major stock indexes remain close to their record highs set in May, but have sagged in the past month as investors have focused on the outlook for rates.

The Dow is still up 0.6 percent this year despite dropping 2 percent from its last record close on May 19. The S&P 500 is up 2 percent for the year and off 1.4 percent from its high on May 21.

Aside from the Fed, investors were also keeping an eye on negotiation between Greece and its lenders.

Greece remains deadlocked in talks with its creditors Wednesday and there was little sign of a breakthrough a day ahead of a meeting of the 19 finance ministers from countries that use the euro. Greece needs to get more loans before the end of the month, when its bailout program expires and it is scheduled to make a big payment to the International Monetary Fund.

European markets have slumped in the last month as the talks have failed to produce an agreement. Greek markets are suffering the most. The nation's benchmark index sank 3 percent Wednesday and is down 18 percent this year.

Yields on Greek government bonds have surged as investors' confidence in the country's ability to pay its debt has waned. The yield on the Greek 10-year government bond has climbed to 13 percent from 6 percent a year ago.

Back in the U.S., investors welcomed the latest round of corporate deals.

Kythera Biopharmaceuticals surged 22.1 percent to $74.11 after Botox maker Allergan agreed to buy the drugmaker for about $2.1 billion. The deal would add a product that reduces double chins to Allergan's portfolio. Allergan added 77 cents to $298.79.

Medical technology company Hill-Rom Holdings climbed 6.3 percent to $55.70 after it agreed to buy privately held rival Welch Allyn for about $2.05 billion in a cash-and-stock deal.

In energy trading, the price of U.S. oil ended little changed after a volatile day. Oil prices had sagged after the Energy Department's weekly supply report showed a surprise increase in gasoline inventories.

Benchmark U.S. crude fell 5 cents to close at $59.92 a barrel in New York. Brent crude, a benchmark for international oil used by many U.S. refineries, rose 17 cents to close at $63.87 in London.

In metals trading, gold prices slipped $4.10, or 0.3 percent, to $1,176 an ounce. Silver fell 2 cents to $15.95 an ounce and copper dropped 1 cent to $2.60 an ounce.

In other futures trading, wholesale gasoline fell 2.4 cents to close at $2.101 a gallon. Heating oil rose 2.5 cents to close at $1.910 a gallon. Natural gas fell 3.9 cents to close at $2.855 per 1,000 cubic feet.
 

Attachments

  • jul17.png
    jul17.png
    12.6 KB · Views: 12
Source: http://finance.yahoo.com

The NYSE DOW closed HIGHER ▲ 180.1 points or ▲ 1.00% on Thursday, 18 June 2015
Symbol …........Last …......Change.......
Dow_Jones 18,115.84 ▲ 180.10 ▲ 1.00%
Nasdaq____ 5,132.95 ▲ 68.07 ▲ 1.34%
S&P_500___ 2,121.24 ▲ 20.80 ▲ 0.99%
30_Yr_Bond____ 3.14 ▲ 0.07 ▲ 2.25%

NYSE Volume 3,569,062,250
Nasdaq Volume 1,879,793,000

Europe
Symbol... .....Last ….....Change.......
FTSE_100 6,707.88 ▲ 27.33 ▲ 0.41%
DAX_____ 11,100.30 ▲ 122.29 ▲ 1.11%
CAC_40__ 4,803.48 ▲ 12.86 ▲ 0.27%

Asia Pacific
Symbol...... ….......Last .....Change…......
ASX_All_Ord___ 5,522.70 ▼ -67.60 ▼ -1.21%
Shanghai_Comp 4,785.36 ▼ -182.54 ▼ -3.67%
Taiwan_Weight 9,218.37 ▲ 28.54 ▲ 0.31%
Nikkei_225___ 19,990.82 ▼ -228.45 ▼ -1.13%
Hang_Seng.__ 26,694.66 ▼ -59.13 ▼ -0.22%
Strait_Times.__ 3,300.42 ▼ -25.49 ▼ -0.77%
NZX_50_Index_ 5,749.71 ▼ -29.56 ▼ -0.51%

http://finance.yahoo.com/news/us-stocks-rise-sharply-fed-212248717.html

US stocks rise sharply on Fed relief; Nasdaq sets record

US stocks rise sharply on Fed rate relief; Nasdaq closes at all-time high
Associated Press By Alex Veiga, AP Business Writer

U.S. stocks notched their biggest gains in a week Thursday, pushing the Nasdaq composite index to an all-time high.

The rally came a day after the Federal Reserve suggested that it wasn't planning to raise interest rates right away. Ultra-low rates over the past six years have helped drive a bull market in stocks that has pushed the market to record levels.

The central bank said Wednesday that it needs to see more improvement in the economy and stronger signs of inflation before lifting rates, reassuring investors.

"The Fed's likely to raise rates later this year, but maybe not as aggressively as some market participants worried," said Michael Baele, managing director and senior portfolio manager at U.S. Bank Private Client Reserve.

The Dow Jones industrial average gained 180.10 points, or 1 percent, to 18,115.84. The Standard & Poor's 500 index climbed 20.80 points, or 1 percent, to 2,121.24.

The Nasdaq added 68.07 points, or 1.3 percent, closing at 5,132.95, surpassing the most recent high for the index of 5,106.59 set May 27.

Most major U.S. stock indexes are up for the year, but the Nasdaq is turning in the best performance. It's up 8.4 percent, compared with a gain of 3 percent for the S&P 500 index and 1.6 percent for the Dow.

The Nasdaq's rise has been driven by technology and health care. In a slow-growth world, investors are favoring stocks where earnings will be better than average. Faster-growing companies should also fare better should rates eventually rise, said Peter Cardillo, chief market economist at Rockwell Global Capital.

While the Nasdaq, which tracks 2,500-plus stocks, has been steadily climbing since 2011, its ascent isn't the crazed surge that drove it to its dot-com bubble era highs in 2000. This time the gains are underpinned by solid companies said Stephen Freedman, senior investment strategist at UBS Wealth Management Americas.

The average price-earnings ratio of the Nasdaq, a measure of how much investors are willing to pay for every dollar of earnings the companies in the index generate, is currently 21. When the Nasdaq was at its highest, the ratio reached 194.

Drug developer BioMarin Pharmaceuticals and biotechnology company Radius Health were among the big gainers in the index on Thursday. Both companies reported positive news on treatments still in development.

BioMarin vaulted $15.06, or 12.2 percent, to $138.66, while Radius added $7.91, or 15.3 percent, to $59.64.

Investors also welcomed the market debut of fitness-tracking gear company Fitbit on Thursday.

The company's stock jumped $9.68, or 48.4 percent, to $29.68 after pricing its initial public offering at $20 per share.

Traders also got an indication that the economy was recovering from its weak start to the year.

An index designed to predict the future health of the economy posted a second straight strong increase in May, indicating the economy should gain strength in the second half of this year. Separately, weekly applications for unemployment benefits fell last week to a seasonally adjusted 267,000, near 15-year lows reached two months ago.

Despite the upbeat day, investors still haven't forgotten about Greece.

The debt-stricken nation and its international lenders are deadlocked in bailout talks. Greece needs more loans from its creditors before June 30, when its current bailout program expires and a 1.6 billion euro ($1.8 billion) debt repayment is due. Greece and its creditors blame one another for an impasse in the talks. A default could result in Greece leaving the euro currency bloc, dealing a blow to the project.

Bonds edged lower, pushing the yield on the benchmark 10-year Treasury note up to 2.33 percent from 2.32 percent late Wednesday.

The dollar weakened as traders priced in a lower trajectory for Fed rate increases. The U.S. currency dropped to 122.83 yen from 123.58 yen on Wednesday. The euro strengthened slightly to $1.1404 from $1.1354.

The price of oil rose Thursday as the dollar weakened, making oil more attractive to holders of foreign currencies. Benchmark U.S. crude rose 53 cents to close at $60.45 a barrel in New York. Brent crude, a benchmark for international oil used by many U.S. refineries, rose 39 cents to close at $64.26 in London.

In metals trading, gold rose $25.20 to $1,202 an ounce. Silver climbed 21 cents to $16.15 an ounce. Copper was little changed at $2.60 a pound.

In other futures trading on the NYMEX:

”” Wholesale gasoline rose 1 cent to close at $2.111 a gallon.

”” Heating oil rose 0.5 cent to close at $1.915 a gallon.

”” Natural gas fell 7.8 cents to close at $2.777 per 1,000 cubic feet.
 

Attachments

  • jul18.png
    jul18.png
    11.8 KB · Views: 9
Source: http://finance.yahoo.com

The NYSE DOW closed LOWER ▼ -99.89 points or ▼ -0.55% on Friday, 19 June 2015
Symbol …........Last …......Change.......
Dow_Jones 18,015.95 ▼ -99.89 ▼ -0.55%
Nasdaq____ 5,117.00 ▼ -15.95 ▼ -0.31%
S&P_500___ 2,109.99 ▼ -11.25 ▼ -0.53%
30_Yr_Bond____ 3.06 ▼ -0.09 ▼ -2.71%

NYSE Volume 4,452,625,000
Nasdaq Volume 2,472,158,000

Europe
Symbol... .....Last ….....Change.......
FTSE_100 6,710.45 ▲ 2.57 ▲ 0.04%
DAX_____ 11,040.10 ▼ -60.20 ▼ -0.54%
CAC_40__ 4,815.37 ▲ 11.89 ▲ 0.25%

Asia Pacific
Symbol...... ….......Last .....Change…......
ASX_All_Ord___ 5,591.50 ▲ 68.80 ▲ 1.25%
Shanghai_Comp 4,478.36 ▼ -306.99 ▼ -6.42%
Taiwan_Weight 9,218.37 ▲ 28.54 ▲ 0.31%
Nikkei_225___ 20,174.24 ▲ 183.42 ▲ 0.92%
Hang_Seng.__ 26,760.53 ▲ 65.87 ▲ 0.25%
Strait_Times.__ 3,300.96 ▲ 0.54 ▲ 0.02%
NZX_50_Index_ 5,781.76 ▲ 32.06 ▲ 0.56%

http://finance.yahoo.com/news/us-stock-rally-peters-market-210802944.html

US stock rally peters out, but market still ends week higher

US stock rally fades, but market still ends week higher; Nasdaq pulls back from record

Associated Press By Alex Veiga, AP Business Writer

A rally that pushed a key index to a record high petered out on Friday.

Despite the losses, the market still ended with its best week in nearly two months after getting a boost from the Federal Reserve on Wednesday. Policymakers signaled that they were in no hurry to raise interest rates from historically low levels.

"Many sectors and stocks have had a good few days, so some of it is (down to) people taking off some of their profits," said JJ Kinahan, TD Ameritrade's chief strategist about Friday's trading.

The Standard & Poor's 500 index lost 11.48 points, or 0.5 percent, to 2,109.76. For the week the index was up 0.8 percent, its best gain since the week ending April 24.

The Dow Jones industrial average fell 99.89 points, or 0.6 percent, to 18,015.95.

The Nasdaq composite slid 15.95 points, or 0.3 percent, closing at 5,117. That's just below its record high of 5,132.95 set on Thursday.

An impasse in bailout negotiations between Greece and its creditors and worries about a stock bubble in China weighed on the market. Utilities and financials stocks were among the biggest decliners. The price of oil fell, ending the week nearly flat.

Investors spent much of the week focused on the Federal Reserve's next move on interest rates.

The market got some reassurance from the central bank on Wednesday, when the Fed suggested it wanted to see more improvement in the economy and signs of inflation before raising rates. The low rates have helped drive the bull market in stocks.

Clarity on Greece's ongoing debt drama has been more elusive.

Greece and its lenders remain deadlocked in their attempts to hammer out a pact for the debt-stricken nation. Greece needs more loans from its creditors before June 30, when its current bailout program expires and a 1.6 billion euro ($1.8 billion) debt payment is due.

On Friday, the European Central Bank agreed to provide temporary support for Greece's banks ahead of an emergency summit meeting next week. That meeting could determine whether Greece still has a future in the euro. Greece's main stock index slumped 11 percent for the week.

Traders also had their eye on China, where the main stock index plunged Friday, raising concerns that a bubble in the market may have burst. The Shanghai Composite Index tumbled 6.4 percent and is 13 percent lower for the week. The index has more than doubled in the past year.

A series of disappointing sales forecasts also hurt stocks.

Hershey fell 3.5 percent after the chocolate and candy maker cut its revenue outlook for the year because of weak demand in China. The company also said it plans to cut about 300 jobs by the end of the year. The stock lost $3.22 to $89.04.

CarMax fell 3.7 percent after the used car dealership chain reported fiscal first-quarter sales that fell short of forecasts. The stock shed $2.69 to $69.27.

Investors welcomed news that activist investor firm Jana partners has taken a 7.2 percent stake in ConAgra Foods.

Jana said ConAgra's results have been disappointing since it bought Ralcorp, the owner of Post cereals, in January 2013, and asked the packaged food company to extend the deadline for nominating board candidates.

ConAgra, the maker of Slim Jim meat snacks and Swiss Miss hot chocolate drinks, jumped $4.25, or 10.9 percent, to $43.37.

The dollar fell to 122.61 yen from 123.04 yen on Thursday. The euro fell against the dollar to $1.1357 from $1.1371.

In energy trading, benchmark U.S. crude fell 84 cents to close at $59.61 a barrel in New York. Oil finished last week at $59.96. Brent crude, a benchmark for international oils used by many U.S. refineries, fell $1.24 to close at $63.02 in London.

In other energy futures trading, wholesale gasoline fell 5.1 cents to close at $2.059 a gallon. Heating oil fell 4.8 cents to close at $1.867 a gallon. Natural gas rose 3.9 cents to close at $2.816 per 1,000 cubic feet.

In metals trading, the price of gold was little changed at $1,201.90 an ounce. Silver dropped 4.4 cents to $16.11 an ounce. Copper declined 3.7 cents to $2.57 a pound.

U.S. government bond prices rose. The yield on the 10-year Treasury note, which falls when prices rise, dropped to 2.26 percent from 2.32 percent late Thursday.

7437
 

Attachments

  • jun19d.png
    jun19d.png
    11.3 KB · Views: 11
  • jun19w.png
    jun19w.png
    14.7 KB · Views: 16
  • jun19w4.png
    jun19w4.png
    11.7 KB · Views: 9
  • jun19w9.png
    jun19w9.png
    14.9 KB · Views: 17
  • jun19y1.png
    jun19y1.png
    16.9 KB · Views: 10
Source: http://finance.yahoo.com

The NYSE DOW closed HIGHER ▲ 103.83 points or ▲ 0.58% on Monday, 22 June 2015
Symbol …........Last …......Change.......
Dow_Jones 18,119.78 ▲ 103.83 ▲ 0.58%
Nasdaq____ 5,153.97 ▲ 36.97 ▲ 0.72%
S&P_500___ 2,122.85 ▲ 12.86 ▲ 0.61%
30_Yr_Bond____ 3.15 ▲ 0.10 ▲ 3.17%

NYSE Volume 3,031,508,500
Nasdaq Volume 1,622,331,620

Europe
Symbol... .....Last ….....Change.......
FTSE_100 6,825.67 ▲ 115.22 ▲ 1.72%
DAX_____ 11,460.50 ▲ 420.40 ▲ 3.81%
CAC_40__ 4,998.61 ▲ 183.24 ▲ 3.81%

Asia Pacific
Symbol...... ….......Last .....Change…......
ASX_All_Ord___ 5,603.10 ▲ 11.60 ▲ 0.21%
Shanghai_Comp 4,478.36 ▼ -306.99 ▼ -6.42%
Taiwan_Weight 9,341.77 ▲ 123.40 ▲ 1.34%
Nikkei_225___ 20,428.19 ▲ 253.95 ▲ 1.26%
Hang_Seng.__ 27,080.85 ▲ 320.32 ▲ 1.20%
Strait_Times.__ 3,315.13 ▲ 14.17 ▲ 0.43%
NZX_50_Index_ 5,772.05 ▼ -9.71 ▼ -0.17%

http://finance.yahoo.com/news/us-stocks-climb-greek-optimism-153203258.html

US stocks climb on Greek optimism, more deal news

US stocks rise amid optimism on Greece; Cigna jumps after rejecting Anthem's 'inadequate' bid
Associated Press By Ken Sweet, AP Business Writer

NEW YORK (AP) -- U.S. stocks advanced Monday as investors grew more optimistic that there would be a breakthrough in talks between Greece and its lenders.

Stocks also got a boost from deal news in the health care and energy sectors.

The Dow Jones industrial average added 103.83 points, or 0.6 percent, to 18,119.78. The Standard & Poor's 500 index rose 12.86 points, or 0.6 percent, to 2,122.85 and the Nasdaq composite climbed 36.97 points, or 0.7 percent, to 5,153.97.

European nations were cautiously optimistic on Monday that a deal on Greece's bailout was within reach this week, easing fears that the country would default on its debt and leave the euro region. The country needs more loans from European lenders and the International Monetary Fund to enable it to make a June 30 debt payment.

Greece and its creditors have been negotiating for months over what economic reforms the Mediterranean nation should implement in return for the loans. U.S. stocks slumped earlier this month, in part on investors' concerns that a Greek default could potentially cause turmoil in global financial markets.

"An eleventh hour compromise was always the likely scenario and it looks like that is what we are getting," said Russ Koesterich, global chief investment strategist at BlackRock.

The Greek stock market surged 9 percent and the yield on the 10-year Greek government bond dropped 1.48 percentage points to 10.90 percent as traders bought the bonds.

The main stock indexes in Europe closed broadly higher. Germany's DAX and France's CAC 40 each rose 3.8 percent and the U.K.'s FTSE 100 rose 1.7 percent

In the U.S., health insurers Cigna and Anthem were sharply higher after Anthem made a $47 billion bid to buy its competitor. Anthem, which runs the largest Blue Cross Blue Shield health insurance network, was up $5.98, or 3.6 percent, to $171.04. Cigna was up $7.34, or 4.7 percent, to $162.60.

Cigna described the bid as "inadequate" and not in the best interests of its shareholders.

Other health insurers rose on speculation of more mergers in the industry. Aetna rose $3.98, or 3.2 percent, to $128.05.

In the energy markets, the price of oil finished little changed from Friday. Benchmark U.S. crude rose 7 cents to close at $59.68 a barrel in New York. Brent crude, a benchmark for international oils used by many U.S. refineries, rose 32 cents to close at $63.34 in London.

In other futures trading on the NYMEX, wholesale gasoline fell 2.9 cents to close at $2.030 a gallon. Heating oil rose 0.2 cents to close at $1.869 a gallon. Natural gas fell 8.3 cents to close at $2.733 per 1,000 cubic feet.

The energy sector also had some merger news. Williams Cos. rejected a buyout offer from Energy Transfer Equity for $48 billion, but said that it may still put itself up for sale.

Williams shares rose $12.52, or 26 percent, to $60.86.

U.S. government bond prices fell. The yield on the benchmark 10-year note rose to 2.37 percent from 2.26 percent on Friday. The euro was little changed against the dollar at $1.1361, while the dollar rose to 123.37 yen.

Precious and industrial metals futures mostly fell. Gold lost $17.80 to $1,184.10 an ounce, silver rose three cents to $16.14 an ounce and copper edged down less than a penny to $2.57 a pound.
 

Attachments

  • jun22.png
    jun22.png
    14.6 KB · Views: 9
Source: http://finance.yahoo.com

The NYSE DOW closed HIGHER ▲ 24.29 points or ▲ 0.13% on Tuesday, 23 June 2015
Symbol …........Last …......Change.......
Dow_Jones 18,144.07 ▲ 24.29 ▲ 0.13%
Nasdaq____ 5,160.09 ▲ 6.12 ▲ 0.12%
S&P_500___ 2,124.20 ▲ 1.35 ▲ 0.06%
30_Yr_Bond____ 3.20 ▲ 0.05 ▲ 1.49%

NYSE Volume 3,092,650,000
Nasdaq Volume 1,615,917,620

Europe
Symbol... .....Last ….....Change.......
FTSE_100 6,834.87 ▲ 9.20 ▲ 0.13%
DAX_____ 11,542.54 ▲ 82.04 ▲ 0.72%
CAC_40__ 5,057.68 ▲ 59.07 ▲ 1.18%

Asia Pacific
Symbol...... ….......Last .....Change…......
ASX_All_Ord___ 5,671.40 ▲ 68.30 ▲ 1.22%
Shanghai_Comp 4,576.49 ▲ 98.13 ▲ 2.19%
Taiwan_Weight 9,391.14 ▲ 49.37 ▲ 0.53%
Nikkei_225___ 20,809.42 ▲ 381.23 ▲ 1.87%
Hang_Seng.__ 27,333.46 ▲ 252.61 ▲ 0.93%
Strait_Times.__ 3,339.78 ▲ 24.65 ▲ 0.74%
NZX_50_Index_ 5,772.13 ▲ 0.08 ▲ 0.00%

http://finance.yahoo.com/news/stocks-slight-gains-amid-optimism-201719198.html

Stocks make slight gains amid optimism on Greek debt deal

Stocks edge higher as investors remain optimistic on Greek deal; Netflix gains on stock split
Associated Press By Ken Sweet, AP Business Writer

NEW YORK (AP) -- Stocks edged higher Tuesday as investors waited for a deal between Greece and its creditors. Greece faces defaulting on its debt without new loans, but appeared to be moving closer to an agreement to secure new funding.

The Dow Jones industrial average rose 24.29 points, or 0.1 percent, to 18,144.07. The Standard & Poor's 500 index added 1.35 points, or 0.1 percent, to 2,124.20 and the Nasdaq composite rose 6.12 points, or 0.1 percent, to 5,160.09.

Prepaid debit card company Green Dot was among the biggest gainers. Its stock soared 40 percent after the company announced it had renewed its partnership with Wal-Mart for another five years. Netflix climbed in after-hours trading following the company's announcement that its board had approved a plan to split its stock.

Stocks added to gains from Monday, as reports from Europe suggested that Greece's proposals for budget savings appeared to have won initial approval from the nation's creditors. European finance ministers are scheduled to meet on Wednesday.

Greek Prime Minister Alexis Tsipras still has to sell the proposals to his own political party. His Syriza party was voted into office on a pledge to repeal the harsh budget cuts and tax increases that previous governments had imposed since 2010 in return for loans.

Investors have been following the discussions closely, wary that a Greek default and the nation's potential exit from the euro currency could cause chaos in financial markets.

"We always knew there was going to be a lot of drama with Greece," said Kristina Hooper, U.S. investment strategist at Allianz Global Investors. "Having said that, if things do take a turn for the worse, the EU is far better equipped to handle this crisis compared to a few years ago."

In the U.S., investors also remain focused on when the Federal Reserve might increase its key interest rate for the first time in nearly a decade.

Fed Governor Jerome Powell said at an event hosted by the Wall Street Journal that he expects the U.S. central bank to begin raising its benchmark interest rate in September, with a second rate rise coming in December.

U.S. government bond prices fell again Tuesday, pushing the yield on the 10-year Treasury note up to 2.41 percent.

Treasuries have been falling sharply in recent weeks as investors anticipate that the Federal Reserve will raise interest rates for the first time in almost a decade later this year. At the beginning of June, the 10-year note was trading at 2.18 percent.

Netflix stock rose $14, or 2.1 percent, to $695.04 in trading after the close of the market. The internet video company announced that its board had approved a stock split, making the company's shares more affordable. Netflix stockholders will get six additional shares for every share that they own.

In the energy markets, the price of oil rose Tuesday on expectations that gasoline demand is rising, which would in turn boost demand for crude.

Benchmark U.S. crude for August delivery rose 63 cents to close at $61.01 a barrel in New York. The contract for U.S. crude for July delivery expired Monday at $59.68. Brent crude, a benchmark for international oils used by many U.S. refineries, rose $1.11 to close at $64.45 in London.

In other futures trading on the NYMEX, wholesale gasoline rose 4.7 cents to close at $2.077 a gallon. Heating oil rose 4.2 cents to close at $1.911 a gallon. Natural gas fell 0.7 cents to close at $2.726 per 1,000 cubic feet.

In metals trading, gold fell $7.50 to $1,176.60 an ounce. Silver slipped 41 cents to $15.74 an ounce and copper dropped 4.6 cents to $2.61 a pound.
 

Attachments

  • jun23.png
    jun23.png
    11.5 KB · Views: 8
Source: http://finance.yahoo.com

The NYSE DOW closed LOWER ▼ -75.71 points or ▼ -0.42% on Thursday, 25 June 2015
Symbol …........Last …......Change.......
Dow_Jones 17,890.36 ▼ -75.71 ▼ -0.42%
Nasdaq____ 5,112.19 ▼ -10.22 ▼ -0.20%
S&P_500___ 2,102.31 ▼ -6.27 ▼ -0.30%
30_Yr_Bond____ 3.16 ▲ 0.01 ▲ 0.32%

NYSE Volume 3,263,902,750
Nasdaq Volume 1,616,781,500

Europe
Symbol... .....Last ….....Change.......
FTSE_100 6,807.82 ▼ -36.98 ▼ -0.54%
DAX_____ 11,473.13 ▲ 1.87 ▲ 0.02%
CAC_40__ 5,041.71 ▼ -3.64 ▼ -0.07%

Asia Pacific
Symbol...... ….......Last .....Change…......
ASX_All_Ord___ 5,619.90 ▼ -52.80 ▼ -0.93%
Shanghai_Comp 4,527.78 ▼ -162.37 ▼ -3.46%
Taiwan_Weight 9,476.34 ▲ 79.03 ▲ 0.84%
Nikkei_225___ 20,771.40 ▼ -96.63 ▼ -0.46%
Hang_Seng.__ 27,145.75 ▼ -259.22 ▼ -0.95%
Strait_Times.__ 3,349.87 ▼ -1.46 ▼ -0.04%
NZX_50_Index_ 5,733.29 ▼ -42.20 ▼ -0.73%

http://finance.yahoo.com/news/stocks-slip-investors-balance-greece-192458782.html


Stocks slip as investors balance Greece, consumer spending

US stocks slip as investors balance Greece, consumer spending data; Health care sector gains
Associated Press By Ken Sweet, AP Business Writer

NEW YORK (AP) -- Stocks edged lower Thursday as talks over keeping Greece solvent stalled and got extended into the weekend.

Health care stocks rose sharply after the Supreme Court upheld the Affordable Care Act's insurance subsidies.

The Dow Jones industrial average lost 75.71 points, or 0.4 percent, to 17,890.36. The Standard & Poor's 500 index fell 6.27 points, or 0.3 percent, to 2,102.31 and the Nasdaq composite fell 10.22 points, or 0.2 percent, to 5,112.19.

Stocks had been flat to slightly higher the first half of the day. But that momentum was soon lost and Greece worries turned the market lower in the early afternoon.

The bitter standoff between Greece and its international creditors was extended into the weekend, days before Athens has to meet a crucial debt deadline which could decide whether it defaults on its debt and has to drop out of the euro.

A key meeting of eurozone finance ministers broke up Thursday without agreement on Greece's rescue package, intensifying doubts about whether Athens can make a 1.6 billion euro ($1.8 billion) debt payment to the International Monetary Fund that is due Tuesday.

An agreement on a drastic Greek tax and austerity reform package is necessary for creditors to unfreeze 7.2 billion euros (8.1 billion dollars) in bailout money.

Greece has a small economy and its debt problems have been long known by investors. However, the possibilities of destabilizing the euro and the implications of a country defaulting on its debt have weighed on investors for months now.

"It's fair to say markets have been somewhat complacent about the risk related to Greece, and it's all coming to a head now," said Ben Mandel, a global strategist at JPMorgan Multi-Asset Solutions. "It could cause some volatility next week."

Health care stocks, especially hospital operators, rose sharply after the Supreme Court upheld the nationwide tax subsidies under President Barack Obama's health care overhaul. The ruling will preserve health insurance for millions of Americans who are not covered under state-owned exchanges. Humana rose 7 percent, HCA Holdings rose 9 percent, Tenet Healthcare rose 12 percent and Cigna rose 2 percent.

U.S. government bond prices fell. The yield on the 10-year Treasury note rose to 2.40 percent from 2.37 percent the day before.

In the energy markets, the price of oil fell on continuing concerns that high supplies of gasoline and diesel will keep a lid on crude demand. Benchmark U.S. crude fell 57 cents to close at $59.70 a barrel in New York. Brent crude, a benchmark for international oils used by many U.S. refineries, fell 29 cents to close at $63.20 in London.

In other futures trading on the NYMEX, wholesale gasoline fell 1.9 cents to close at $2.037 a gallon. Heating oil fell 1.4 cents to close at $1.862 a gallon. Natural gas rose 9.1 cents to close at $2.850 per 1,000 cubic feet.

Gold fell $1.10 to $1,171.80 an ounce, silver fell four cents to $15.81 an ounce and copper was flat at $2.62 a pound.

The euro edged down to $1.1205 and the dollar weakened to 123.62 Japanese yen
 
Source: http://finance.yahoo.com

The NYSE DOW closed HIGHER ▲ 56.32 points or ▲ 0.31% on Friday, 26 June 2015
Symbol …........Last …......Change.......
Dow_Jones 17,946.68 ▲ 56.32 ▲ 0.31%
Nasdaq____ 5,080.51 ▼ -31.68 ▼ -0.62%
S&P_500___ 2,101.49 ▼ -0.82 ▼ -0.04%
30_Yr_Bond____ 3.25 ▲ 0.09 ▲ 2.98%

NYSE Volume 5,027,407,000
Nasdaq Volume 3,840,523,250

Europe
Symbol... .....Last ….....Change.......
FTSE_100 6,753.70 ▼ -54.12 ▼ -0.79%
DAX_____ 11,492.43 ▲ 19.30 ▲ 0.17%
CAC_40__ 5,059.17 ▲ 17.46 ▲ 0.35%

Asia Pacific
Symbol...... ….......Last .....Change…......
ASX_All_Ord___ 5,536.10 ▼ -83.80 ▼ -1.49%
Shanghai_Comp 4,192.87 ▼ -334.91 ▼ -7.40%
Taiwan_Weight 9,462.57 ▼ -13.77 ▼ -0.15%
Nikkei_225___ 20,706.15 ▼ -65.25 ▼ -0.31%
Hang_Seng.__ 26,663.87 ▼ -481.88 ▼ -1.78%
Strait_Times.__ 3,320.90 ▼ -28.97 ▼ -0.86%
NZX_50_Index_ 5,755.44 ▲ 22.15 ▲ 0.39%

http://finance.yahoo.com/news/stocks-end-mostly-lower-greece-200518449.html

Stocks end mostly lower as Greece debt deadline approaches

US stocks end mostly lower as deadline for Greece debt repayment nears; Chinese market plunges
Associated Press By Ken Sweet, AP Business Writer

NEW YORK (AP) -- Stocks had a mixed day Friday, as investors waited for negotiators to finish their work on a solution to Greece's debt problems. Chinese stocks plunged 7 percent as fears spread that a yearlong bull rally there has become overheated. China's benchmark index is still up more than double over the past year.

The Dow Jones industrial average added 56.32 points, or 0.3 percent, to 17,946.68. It was largely lifted by Nike, which rose more than 4 percent after posting strong quarterly results.

The Standard & Poor's 500 index fell 0.82 of a point, or 0.04 percent, to 2,101.49 and the Nasdaq composite lost 31.68 points, or 0.6 percent, to 5,080.51. All three indexes ended the week slightly lower.

As they have done all week, global investors are watching closely as Greek debt talks go down to the wire. On Thursday, a key meeting of eurozone finance ministers broke up without an agreement. The 19 ministers are due to meet again Saturday.

Greece needs a deal in order to make a debt payment of 1.6 billion euros ($1.8 billion) to the International Monetary Fund on Tuesday. Failing to do so would put the country on a path toward default and a possible exit from the euro.

"While these deadlines can quite often be taken with a pinch of salt, Greece has literally run out of time on this occasion," said Craig Erlam, senior market analyst at OANDA.

Investors now turn to next week, when the U.S. government will release the June jobs report. Economists forecast that U.S. employers created 237,500 jobs last month, according to FactSet.

There's been a lot of focus on when the Federal Reserve will raise its key interest rate. Recent economic data seems to show that the U.S. economic recovery is holding steady, and now many investors are expecting the Fed to raise rates in September.

"There's a premium on economic data right now. Outside of Greece, everyone will be focused on how the U.S. economy is holding up," said Quincy Krosby, a market strategist at Prudential Financial.

While Greece has been the main driver in financial markets recent weeks, worries over China have risen the list of concerns. On Friday, Chinese stocks plunged more than 7 percent. The Shanghai composite closed at 4,391.91. It reached 5,300 just two weeks ago.

"Although I continue to be optimistic about the longer-term trend of (China's) markets, it's clear that we are in a sharp correction phase," said Bernard Aw of IG Markets in Singapore.

In energy trading, the price of oil was nearly flat Friday. It finished the week little changed, and remained in a narrow range for the ninth straight week. Benchmark U.S. crude fell 7 cents to close at $59.63 a barrel in New York.

Oil finished last week at $59.61 and it has traded roughly between $57 and $61 since late April. Brent crude, a benchmark for international oils used by many U.S. refineries, rose 6 cents to close at $63.26 a barrel in London.

In other futures trading on the New York Mercantile Exchange, wholesale gasoline rose 1.2 cents to close at $2.049 a gallon. Heating oil rose 0.1 cents to close at $1.863 a gallon and natural gas fell 7.7 cents to close at $2.773 per 1,000 cubic feet.

Gold rose $1.40 to $1,173.20 an ounce. Silver fell 7 cents to $15.73 an ounce and copper rose 2 cents to $2.64 a pound.

U.S. government bond prices fell. The yield on the 10-year Treasury note rose to 2.48 percent from 2.39 percent late Thursday.

In currency trading, the euro fell to $1.1161 while the dollar rose to 123.85 Japanese yen

7883
 

Attachments

  • jun26d.png
    jun26d.png
    13.1 KB · Views: 11
  • jun26w.png
    jun26w.png
    14.9 KB · Views: 11
  • jun26w4.png
    jun26w4.png
    11.6 KB · Views: 9
  • jun26w9.png
    jun26w9.png
    13.1 KB · Views: 38
  • jun26y1.png
    jun26y1.png
    17.1 KB · Views: 9
Source: http://finance.yahoo.com

The NYSE DOW closed LOWER ▼ -350.33 points or ▼ -1.95% on Monday, 29 June 2015
Symbol …........Last …......Change.......
Dow_Jones 17,596.35 ▼ -350.33 ▼ -1.95%
Nasdaq____ 4,958.47 ▼ -122.04 ▼ -2.40%
S&P_500___ 2,057.64 ▼ -43.85 ▼ -2.09%
30_Yr_Bond____ 3.10 ▼ -0.15 ▼ -4.65%

NYSE Volume 3,679,935,000
Nasdaq Volume 2,027,997,250

Europe
Symbol... .....Last ….....Change.......
FTSE_100 6,620.48 ▼ -133.22 ▼ -1.97%
DAX_____ 11,083.20 ▼ -409.23 ▼ -3.56%
CAC_40__ 4,869.82 ▼ -189.35 ▼ -3.74%

Asia Pacific
Symbol...... ….......Last .....Change…......
ASX_All_Ord___ 5,416.60 ▼ -119.50 ▼ -2.16%
Shanghai_Comp 4,053.03 ▼ -139.84 ▼ -3.34%
Taiwan_Weight 9,236.10 ▼ -226.47 ▼ -2.39%
Nikkei_225___ 20,109.95 ▼ -596.20 ▼ -2.88%
Hang_Seng.__ 25,966.98 ▼ -696.89 ▼ -2.61%
Strait_Times.__ 3,280.18 ▼ -40.72 ▼ -1.23%
NZX_50_Index_ 5,705.81 ▼ -49.63 ▼ -0.86%

http://finance.yahoo.com/news/us-stocks-notch-worst-day-201033602.html


US stocks notch worst day of year as Greek crisis escalates

Stocks swoon as investors fret over Greece's debt crisis, sending indexes to worst day of year
Associated Press By Matthew Craft and Steve Rothwell, AP Business Writers

NEW YORK (AP) -- Fears that Greece's troubles could spread through the global financial system shook markets on Monday, driving U.S. stocks to their worst day of the year.

Investors fled from stocks in Europe and the U.S. and retreated to the safety of government bonds. Measures of volatility spiked. In many ways, it looked similar to previous episodes in Europe's long-running debt crisis, except that this time, investors said, they weren't quite as worried.

A series of events over the weekend left Greece perilously close to defaulting on its debts. Greece's Prime Minister, Alexis Tsipras, said his government would hold a referendum on budget proposals made by the country's lenders. European officials refused to extend the country's bailout program, which expires on Tuesday, the same day it's supposed to make a debt payment to the International Monetary Fund.

Jeff Carbone, a senior partner at Cornerstone Financial Partners, said the real worry isn't so much Greece, a country with an economy roughly the size of Missouri's. "It's the contagion risk. If Greece goes, who's next? This isn't about Greece; it's what happens next."

The Standard & Poor's 500 index dropped 43.85 points, or 2.1 percent, to 2,057.64. The Dow Jones industrial average lost 350.33 points, or 2 percent, to 17,596.35, and the Nasdaq composite fell 122.04 points, or 2.4 percent, to 4,958.47.

The losses wiped out all the gains for the Dow and S&P 500 indexes this year.

In Europe, Germany's DAX lost 3.6 percent while France's CAC-40 lost 3.7 percent. The FTSE 100 index of leading British shares fell 2 percent. Greece's stock market was closed. Investors bought German and British government bonds, which are seen as safe havens, and sold bonds issued by Greece's government, sending those yields sharply higher.

"We are really looking at a situation where the market doesn't know what the fallout is going to be," said David Lafferty, chief market strategist at Natixis Global Asset Management. "But the U.S. market feels that it is relatively contained at this point."

Over the weekend, the European Central Bank refused to extend its emergency support for Greece's banking system. That prompted the Greek government to close banks and announce limits on withdrawals. Pictures of long lines at bank machines in Athens appeared on television screens around the world.

"Whenever you see any kind of bank line, there is in the back of investors' mind the thought: 'What if it spreads? What if people panic?'" said Karyn Cavanaugh, senior market strategist at Voya Investment Management. "What's going on in Europe, of course it's going to roil markets in the short term," But for U.S. investors, she said, "the long-term impact is not that big of a deal."

The last time Greece's troubles shook U.S. markets, there were plenty of other problems. In 2012, Spain had entered a recession, and the worry was that it was too big of a country to rescue. Sputtering U.S. job growth added to the anxiety. That spring, the S&P 500 index lost 9.9 percent within two months. Investors sought safety in U.S. Treasury bonds, driving long-term interest to historic lows.

Back then, the fear was that a financial crisis would spread from Greece to the rest of Europe "because these economies were very fragile," Cavanaugh said.

The rating agency Standard & Poor's said Monday that it interprets the Greek government's decision to hold a referendum as a sign that it will put "domestic politics over financial and economic stability, commercial debt payments and eurozone membership." The agency says it now sees a 50-percent chance of Greece dropping the currency.

If Greece defaults and switches to a new currency, it's sure to shake global financial markets. But the world is unlikely to see anything like the full-blown crisis of 2008. A few years ago, banks across Europe were loaded down with loans to the Greek government, corporations and banks. Things have changed since then.

"Today, the European banks have shed much of their Greek debt and they have significantly increased their capital," says Mark Zandi, chief economist at Moody's Analytics. "A Greek default and exit from the euro zone would be devastating to Greece's economy, but no one else's. ... The Greek standoff will be disconcerting to financial markets, but only temporarily."

The European Central Bank is also ready to swing into action to prevent a panic. The ECB has already committed to buying 60 billion euros a month in corporate and government bonds to push down interest rates and help the European economy. It could buy even more, and flood financial markets with cash, to calm jittery European investors.

Bond price rose. The yield on the 10-year Treasury note fell to 2.33 percent from 2.47 percent late Friday, a big move. The euro rose to $1.1242 from $1.1160.

Gold edged up $5.80 to $1,179 an ounce, and silver slipped 7 cents to $15.66 an ounce. Copper edged up half a cent to $2.64 a pound.

Crude oil fell $1.30 to close at $58.33 a barrel in New York. Brent crude fell $1.25 to close at $62.01 a barrel in London.

In other trading in New York:

”” Wholesale gasoline fell 1.9 cents to close at $2.030 a gallon.

”” Heating oil fell 2.6 cents to close at $1.837 a gallon.

”” Natural gas rose 3.2 cents to close at $2.805 per 1,000 cubic feet.
 

Attachments

  • jun29.png
    jun29.png
    12.1 KB · Views: 10
Source: http://finance.yahoo.com

The NYSE DOW closed HIGHER ▲ 23.16 points or ▲ 0.13% on Tuesday, 30 June 2015
Symbol …........Last …......Change.......
Dow_Jones 17,619.51 ▲ 23.16 ▲ 0.13%
Nasdaq____ 4,986.87 ▲ 28.40 ▲ 0.57%
S&P_500___ 2,063.11 ▲ 5.47 ▲ 0.27%
30_Yr_Bond____ 3.10 ▲ 0.01 ▲ 0.16%

NYSE Volume 4,078,641,250
Nasdaq Volume 2,036,961,120

Europe
Symbol... .....Last ….....Change.......
FTSE_100 6,520.98 ▼ -99.50 ▼ -1.50%
DAX_____ 10,944.97 ▼ -138.23 ▼ -1.25%
CAC_40__ 4,790.20 ▼ -79.62 ▼ -1.63%

Asia Pacific
Symbol...... ….......Last .....Change…......
ASX_All_Ord___ 5,451.20 ▲ 34.60 ▲ 0.64%
Shanghai_Comp 4,277.22 ▲ 224.19 ▲ 5.53%
Taiwan_Weight 9,323.02 ▲ 86.92 ▲ 0.94%
Nikkei_225___ 20,235.73 ▲ 125.78 ▲ 0.63%
Hang_Seng.__ 26,250.03 ▲ 283.05 ▲ 1.09%
Strait_Times.__ 3,317.33 ▲ 37.15 ▲ 1.13%
NZX_50_Index_ 5,726.96 ▲ 21.15 ▲ 0.37%

http://finance.yahoo.com/news/us-stocks-edge-higher-investors-210444800.html

US stocks edge higher as investors follow Greek debt talks

US stock indexes regain some ground as investors follow Greek debt saga; Bond insurers slump
Associated Press By Steve Rothwell, AP Markets Writer

NEW YORK (AP) -- The U.S. stock market stabilized on Tuesday as investors followed the latest developments in the Greek debt saga.

Stocks edged higher a day after the market had its worst day of the year. That slump was prompted by a breakdown in talks between Greece and its creditors. Greece's European bailout program ends Tuesday at midnight, and the country hasn't yet managed to agree on an extension or a new deal with creditors.

On Tuesday, the office of the Greek Prime Minister said that the country remains at the negotiating table, and that the government has proposed a two-year deal with Europe's bailout fund. The eurozone's top official, Jeroen Dijsselbloem, said that said there was no point in continuing the current program since the Greek government had rejected all of the creditors' proposals. A request for a new European aid program would be considered later.

The Greek government has also called a referendum for Sunday, asking Greeks to vote on whether the nation should accept the deal offered by its creditors. Investors are concerned that if Greece defaults on its debts the nation will eventually drop out of the euro currency, a move that could potentially set off turmoil in financial markets.

Even though the standoff in Greece is far removed from the U.S., the global nature of financial markets will ensure that any ripple effects will be felt across the Atlantic, said Mike Ryan, chief investment strategist at UBS Wealth Management Americas.

"There are obvious concerns that failure to reach some kind of an agreement could put Greece on a path to a eurozone exit," Ryan said. "If there is going to be volatility in global markets, it will be reflected in U.S. markets as well."

The Standard & Poor's 500 index rose 5.47 points, or 0.3 percent, to 2,063.11 The index closed out the quarter with a loss of 0.2 percent, its first quarterly decline since dropping 1 percent in the last three months of 2012.

The Dow Jones industrial average climbed 23.16 points, or 0.1 percent, to 17,619.51. The Nasdaq composite rose 28.40 points, or 0.6 percent, to 4,986.87.

Despite Monday's slump, many investors remain confident U.S. financial markets will hold their own.

"Whatever happens here, even if it's the worst case scenario and Greece drops out (of the euro), the pullback probably wouldn't be gigantic," said Scott Wren, a senior global equity strategist at the Wells Fargo Investment Institute.

In European trading, the Stoxx 50 index of leading European shares fell 1.3 percent. Germany's DAX dropped 1.2 percent, while the CAC-40 in France fell 1.6 percent.

In the U.S., Willis Group Holdings rose $1.50, or 3.3 percent, to $46.90 after the insurance broker said it will combine with Towers Watson in a deal valued at about $18 billion.

Bond insurers, including MBIA and Ambac, fell sharply for a second day as investors followed the debt crisis in Puerto Rico. Credit-rating firm Standard & Poor's said that a default, or a restructuring, of the island's debt within the next six months appeared inevitable.

Puerto Rico's governor said Monday night he will form a financial team to negotiate with bondholders on delaying debt payments and then restructuring $72 billion in public debt that he says the island can't repay.

"If Greece wasn't happening, this would be a major story right now," said JJ Kinanhan, chief strategist at TD Ameritrade.

MBIA dropped 36 cents, or 5.7 percent, to $6.01. The stock has fallen 36 percent in the last week. Ambac Financial fell $3.08, or 15.6 percent, to $16.64.

Andrew Gadlin, an analyst who follows MBIA for the broker Odeon, estimates that the insurer has $5.8 billion of exposure to Puerto Rico's debt.

Mark Palmer, an analyst at BTIG, wrote in a note Monday that bond insurers were "unbuyable" until there was greater clarity on the losses the firms could face.

Investors were also looking forward to the U.S. government's monthly jobs report, which will be published on Thursday. A strong report is likely to increase investors' expectations that the Federal Reserve will raise its benchmark interest rate for the first time in close to a decade later this year.

U.S. financial markets will be closed Friday in observance of Independence Day.

In currency trading, the euro fell 0.7 percent at $1.1137 while the dollar fell 0.1 percent to 122.50 yen.

Government bond prices fell slightly after big gains on Monday. The yield on the 10-year Treasury note edged up to 2.35 percent from 2.33 percent a day earlier.

The price of oil rose for the first time in a week as negotiations with Iran over its nuclear program were extended, potentially delaying a return of Iranian crude to the market.

Benchmark U.S. crude rose $1.14 to close at $59.47 a barrel in New York. U.S. crude finished the month down 1.4 percent. Brent crude, a benchmark for international oils used by many U.S. refineries, rose $1.58 to close at $63.59 a barrel in London.

Metals futures ended slightly lower. Gold fell $7.20 to $1,171.80 an ounce, silver lost 11 cents to settle at $15.55 an ounce and copper fell two cents to $2.62 a pound.

In other energy futures trading on the NYMEX:

”” Wholesale gasoline rose 6 cents to close at $2.090 a gallon.

”” Heating oil rose 5 cents to close at $1.887 a gallon.

”” Natural gas rose 2.7 cents to close at $2.832 per 1,000 cubic feet.
 

Attachments

  • jun30.png
    jun30.png
    16.7 KB · Views: 11
Source: http://finance.yahoo.com

The NYSE DOW closed HIGHER ▲ 138.4 points or ▲ 0.79% on Wednesday, 1 July 2015
Symbol …........Last …......Change.......
Dow_Jones 17,757.91 ▲ 138.40 ▲ 0.79%
Nasdaq____ 5,013.12 ▲ 26.26 ▲ 0.53%
S&P_500___ 2,077.42 ▲ 14.31 ▲ 0.69%
30_Yr_Bond____ 3.20 ▲ 0.09 ▲ 2.93%

NYSE Volume 3,738,927,500
Nasdaq Volume 2,036,961,120

Europe
Symbol... .....Last ….....Change.......
FTSE_100 6,608.59 ▲ 87.61 ▲ 1.34%
DAX_____ 11,180.50 ▲ 235.53 ▲ 2.15%
CAC_40__ 4,883.19 ▲ 92.99 ▲ 1.94%

Asia Pacific
Symbol...... ….......Last .....Change…......
ASX_All_Ord___ 5,506.00 ▲ 54.80 ▲ 1.01%
Shanghai_Comp 4,053.70 ▼ -223.52 ▼ -5.23%
Taiwan_Weight 9,375.23 ▲ 52.21 ▲ 0.56%
Nikkei_225___ 20,329.32 ▲ 93.59 ▲ 0.46%
Hang_Seng.__ 26,250.03 ▲ 283.05 ▲ 1.09%
Strait_Times.__ 3,331.14 ▲ 13.81 ▲ 0.42%
NZX_50_Index_ 5,794.35 ▲ 67.39 ▲ 1.18%

http://finance.yahoo.com/news/us-stocks-gain-greece-appears-153456381.html

US stocks gain as Greece appears to be willing to negotiate

US stocks gain as Greece appears to be willing to negotiate on debt; Chubb soars on tie-up
Associated Press By Steve Rothwell, AP Markets Writer

NEW YORK (AP) -- Hopes that a deal could be reached between Greece and its creditors pushed stocks higher on Wednesday.

The U.S. market opened higher, following strong gains for European stocks, after Greek Prime Minister Alexis Tsipras wrote a letter to the nation's creditors and appeared to make concessions. Greece failed to repay a loan to the International Monetary Fund that was due on Tuesday after talks between the nations and its creditors broke down late last week.

Investors are worried that Greece could leave the euro region if no agreement is reached.

"The developments in Greece ... seem to be driving sentiment more than anything," said Phil Orlando, chief equity strategist at Federated Investors. "What we're seeing now is a little bit of a bounce back based on a sentiment that we're getting close to a resolution."

The Standard & Poor's 500 index rose 14.31 points, or 0.7 percent, to 2,077.42. The Dow Jones industrial average climbed 138.40 points, or 0.8 percent, to 17,757.91. The Nasdaq composite gained 26.26 points, or 0.5 percent, to 5,013.12.

Despite rallying on Wednesday stocks are still lower for the week after the market logged its worst day of the year on Monday. Fears that Greece could leave the euro, prompting chaos in financial markets, set off a global stock market rout.

"Monday's reaction to Greece was largely overdone," said Bob Pavlik, chief market strategist at Boston Private Wealth. "I don't think the ramifications of Greece defaulting would be that dire for the global economy."

Despite the intense interest in Greece's situation, the country accounts for only a small fraction of Europe's economy.

In the U.S., investors got two encouraging reports on the economy.

Payroll processor ADP said businesses added 237,000 jobs last month, up from 203,000 in May and the most since December. A separate survey showed U.S. manufacturing growth improved in June. The Institute for Supply Management, a trade group of purchasing managers, said its manufacturing index rose to the highest level this year.

The government's monthly nonfarm payrolls report will be published on Thursday.

A strong jobs report would likely increase the conviction among many economists that the Federal Reserve will raise its benchmark interest rate later this year for the first time in more than a decade. The central bank has held its rate close to zero for more than six years to help the economy recover from the Great Recession.

In deal news, Chubb jumped $24.85, or 26 percent, to $119.99 after rival insurer Ace said it was buying the company in a cash-and-stock deal valued at about $28.3 billion. The combined company plans to use the Chubb name and will have its main offices in Zurich, Switzerland, where Ace is based. The news pushed up the prices of other insurance companies.

Corporate deal making has been on the rise this year as CEOs become more confident about the outlook for economy and interest rates remain close to historic lows. The low rates mean that corporations can borrow cheaply to finance acquisitions.

Airline stocks were among the day's losers after the U.S. government confirmed that it is investigating possible collusion between major airlines to limit available seats and keep airfares high. Thanks to a series of mergers starting in 2008, American Airlines, Delta Air Lines, Southwest Airlines and United now control more than 80 percent of the seats in the domestic travel market.

Delta's stock fell 81 cents, or 2 percent, to $40.27. American Airlines dropped $1.14, or 2.8 percent, to $38.80.

Energy stocks also sagged after the price of oil fell sharply following an Energy Department report that crude inventories rose for the first time in eight weeks.

Analysts had forecast supplies would drop by 1.3 million barrels, but instead they increased by 2.4 million barrels, according to the Energy Department's weekly petroleum status report.

Benchmark U.S. crude fell $2.51 to close at $56.96 a barrel in New York. Brent crude, a benchmark for international oils used by many U.S. refineries, fell $1.58 to close at $62.01 a barrel in London.

In currency trading, the euro fell to $1.1056 while the dollar rose to 123.17 yen.

Bond prices fell, pushing the yield on the benchmark 10-year Treasury note up to 2.42 percent from 2.35 percent on Tuesday.

In metals trading, gold dropped $2.50 to $1,169.30 an ounce. Silver was little changed at $15.55 an ounce and copper rose 1.2 cents to $2.64 a pound.

In other futures trading on the NYMEX:

— Wholesale gasoline fell 4.2 cents to close at $2.007 a gallon.

— Heating oil fell 5.1 cents to close at $1.839 a gallon.

— Natural gas fell 4.9 cents to close at $2.783 per 1,000 cubic feet.
 

Attachments

  • jul1.png
    jul1.png
    14 KB · Views: 8
Source: http://finance.yahoo.com

U.S. markets will be closed Friday in observance of the Independence Day holiday.


The NYSE DOW closed LOWER ▼ -27.8 points or ▼ -0.16% on Thursday, 2 July 2015
Symbol …........Last …......Change.......
Dow_Jones 17,730.11 ▼ -27.80 ▼ -0.16%
Nasdaq____ 5,009.21 ▼ -3.91 ▼ -0.08%
S&P_500___ 2,076.78 ▼ -0.64 ▼ -0.03%
30_Yr_Bond____ 3.19 ▲ 0.00 ▼ -0.09%

NYSE Volume 2,998,945,250
Nasdaq Volume 1,492,508,500

Europe
Symbol... .....Last ….....Change.......
FTSE_100 6,630.47 ▲ 109.49 ▲ 1.68%
DAX_____ 11,099.35 ▲ 154.38 ▲ 1.41%
CAC_40__ 4,835.56 ▲ 45.36 ▲ 0.95%

Asia Pacific
Symbol...... ….......Last .....Change…......
ASX_All_Ord___ 5,587.90 ▲ 81.90 ▲ 1.49%
Shanghai_Comp 3,912.77 ▼ -140.93 ▼ -3.48%
Taiwan_Weight 9,379.24 ▲ 4.01 ▲ 0.04%
Nikkei_225___ 20,522.50 ▲ 193.18 ▲ 0.95%
Hang_Seng.__ 26,282.32 ▲ 32.29 ▲ 0.12%
Strait_Times.__ 3,327.84 ▼ -3.30 ▼ -0.10%
NZX_50_Index_ 5,841.47 ▲ 47.12 ▲ 0.81%

http://finance.yahoo.com/news/us-stocks-slip-mixed-us-204752145.html

US stocks slip on mixed US jobs report, Greek fears

US stocks slip on mixed US jobs report, fear of fallout from Greece as referendum nears
Associated Press By Bernard Condon, AP Business Writer

NEW YORK (AP) -- Stocks ended a tumultuous trading week with slight losses Thursday as investors sought safety ahead of an extended holiday weekend.

Investors bought at the opening of trading after a Labor Department report on job creation suggested the economy was improving, though not so fast as to raise the specter of inflation and higher interest rates. But the gains vanished after a downbeat report from the International Monetary Fund on Greece's finances as the country heads toward a vote on the country's financial bailout this weekend.

It was a quiet close to an eventful week. Stocks plunged around the world Monday over worries that a Greek default could spread losses throughout the global financial system. A continued drop in Chinese stocks added to the fears, as well as a statement from Puerto Rico's governor that the commonwealth would not be able to pay back its large public debt.

Stocks rose a bit over the next two days, but by Thursday's close the Standard and Poor's 500 index was still down 1.2 percent for the week, its biggest weekly loss in three months.

U.S. markets will be closed Friday in observance of the Independence Day holiday.

The S&P 500 slipped 0.64 points, less than 0.1 percent, to 2,076.78. The Dow Jones industrial average fell 27.80 points, or 0.2 percent, to 17,730.11. The Nasdaq composite fell 3.91 points, less than 0.1 percent, to 5,009.21.

"We've got Greece, we've got China and Puerto Rico," said Sean Lynch, co-head of global equity strategy for Wells Fargo Investment Institute. "Investors want to take some risk off the table."

The jobs report showed payrolls rose by 223,000 in June and the unemployment rate fell to a seven-year low of 5.3 percent. But the rate declined mostly because many people abandoned their job hunts and were no longer counted as unemployed.

The report also said average hourly earnings rose 2 percent, slightly lower than consensus.

Investors bought bonds in anticipation that inflation, and interest rates, will remain low. The price of the benchmark 10-year Treasury note rose, pushing down its yield to 2.38 percent from 2.45 percent just before the jobs report came out.

"There is no wage pressure and therefore no inflationary pressure. The Fed should just let the economy run," said Steven Ricchiuto, chief economist at Mizuho Securities. "Maybe instead of hiking rates in September, maybe it'll be in December, maybe March."

The report from the IMF said Greece needs 50 billion euros ($56 billion) in new financing from October through 2018, and more debt relief. The analysis was made before Greece closed its banks and defaulted on IMF loans earlier this week. The outlook is worse now.

Greece's government plans to put austerity measures to voters on Sunday after European creditors rejected its latest proposal for a new aid program.

Six of the 10 sectors of the S&P 500 fell on Thursday. Stocks of utilities, considered a conservative investment because of their big dividends, rose 1.4 percent.

Among stocks making big moves:

”” Health Net rose $6.51, or 10 percent, to $71.57 after Medicaid coverage provider Centene said it will pay about $6.3 billion to buy the company. The deal is more evidence of managed-care companies looking to bulk up in response to the federal overhaul of health care.

”” U.S.-listed shares of BP rose $2.02, or 5 percent, to $41.29 after the oil driller reached an $18.7 billion settlement with several states to resolve litigation over the 2010 Gulf of Mexico oil spill.

”” Tesla Motors rose $10.87, or 4 percent, to $280.02 after announcing second-quarter deliveries of its electric car surged 52 percent to set a company record exceeding 11,000 vehicles. The stock has gained 26 percent so far this year despite consistently losing money.

The price of oil erased early gains and closed down slightly after a closely watched count of working drilling rigs had its first increase since December. Benchmark U.S. crude fell 3 cents Thursday to close at $56.93 a barrel in New York. Brent crude, a benchmark for international oils used by many U.S. refineries, rose 6 cents to close at $62.07 a barrel in London.

In other futures trading on the New York Mercantile Exchange:

”” Wholesale gasoline rose 2.7 cents to close at $2.034 a gallon.

”” Heating oil rose 0.1 cent to close at $1.840 a gallon.

”” Natural gas rose 3.9 cents to close at $2.822 per 1,000 cubic feet.

Precious and industrial metals futures closed mostly lower. Gold lost $5.80 to settle at $1,163.50 an ounce, silver fell two cents to $15.54 an ounce and copper was little changed at $2.63 a pound.
 

Attachments

  • jul2.png
    jul2.png
    12.2 KB · Views: 11
U.S. markets were closed Friday in observance of the Independence Day holiday.

Source: http://finance.yahoo.com

The NYSE DOW closed LOWER ▼ -27.8 points or ▼ -0.16% on Friday, 3 July 2015
Symbol …........Last …......Change.......
Dow_Jones 17,730.11 ▼ -27.80 ▼ -0.16% U.S. markets were closed Friday
Nasdaq____ 5,009.21 ▼ -3.91 ▼ -0.08% U.S. markets were closed Friday
S&P_500___ 2,076.78 ▼ -0.64 ▼ -0.03% U.S. markets were closed Friday
30_Yr_Bond____ 3.19 ▲ 0.00 ▼ -0.09% U.S. markets were closed Friday

NYSE Volume 2,998,945,250
Nasdaq Volume 1,492,508,500

Europe
Symbol... .....Last ….....Change.......
FTSE_100 6,585.78 ▼ -44.69 ▼ -0.67%
DAX_____ 11,058.39 ▼ -40.96 ▼ -0.37%
CAC_40__ 4,808.22 ▼ -27.34 ▼ -0.57%

Asia Pacific
Symbol...... ….......Last .....Change…......
ASX_All_Ord___ 5,528.00 ▼ -59.90 ▼ -1.07%
Shanghai_Comp 3,686.92 ▼ -225.85 ▼ -5.77%
Taiwan_Weight 9,358.23 ▼ -21.01 ▼ -0.22%
Nikkei_225___ 20,539.79 ▲ 17.29 ▲ 0.08%
Hang_Seng.__ 26,064.11 ▼ -218.21 ▼ -0.83%
Strait_Times.__ 3,342.73 ▲ 14.89 ▲ 0.45%
NZX_50_Index_ 5,840.90 ▼ -0.57 ▼ -0.01%

http://finance.yahoo.com/news/world-stocks-drift-lower-ahead-091140701.html

World stocks drift lower ahead of Greek vote; China plunges

World stocks drift lower ahead of Greek vote; Chinese stocks plunge as support measures fail
Associated Press By The Associated Press


World stock markets mostly drifted lower Friday ahead of Greece's weekend referendum, while China's main stock benchmark plunged as government efforts failed to reassure panicky investors.

KEEPING SCORE: European stocks were mixed, with France's CAC 40 falling 0.6 percent to close at 4,808.22. Germany's DAX dropped 0.4 percent to 11,058.39. Britain's FTSE 100 declined 0.7 percent to 6,585.78. U.S. markets were closed in observance of Independence Day.

GREECE VOTES: Investors are awaiting the outcome of a weekend referendum in Greece on whether to accept more budget cuts in exchange for new bailout loans. The government says a "No" vote will put it in a better bargaining position for new terms, while European officials and the opposition say a rejection could lead to Greece's exit from the euro. Markets in Asia will get the first chance to react to the result of Sunday's vote.

CHINA SELL-OFF: A Chinese market rout deepened as investors dumped shares in spite of government measures this week aimed at restoring confidence, such as cutting fees and easing rules on borrowing money for trading. The China Securities Regulatory Commission, the market watchdog, said late Thursday that it's launching an investigation into suspected stock market manipulation, state media reported, an indication that the government is trying to halt the market slide.

ANALYST VIEWPOINT: "Policies take time to work their way through the system before sentiments can be more permanently altered," Bernard Aw of IG Markets in Singapore wrote in a commentary. "For now, the mood is verging on panic."

ASIA: The Shanghai Composite Index ended down 5.8 percent at 3,686.92. The index has plunged 29 percent since hitting a peak of 5,166.35 June 12. Hong Kong's Hang Seng fell 0.8 percent to close at 26,064.11, while Japan's Nikkei 225 edged up 0.1 percent to 20,539.79. South Korea's Kospi slipped 0.1 percent to 2,104.41 and Australia's S&P/ASX 200 retreated 1.1 percent to 5,538.30.

ENERGY: Benchmark U.S. crude fell $1.41 to $55.52 a barrel on the New York Mercantile Exchange. Brent crude, a benchmark for international oils used by many U.S. refineries, fell $1.75 to $60.32 a barrel in London.

CURRENCIES: The dollar fell to 122.78 yen from 123.09 yen late Thursday. The euro rose to $1.1100 from $1.1083.


THE FIVE CHARTS AS AT THURDAY JULY 2 BECAUSE U.S. MARKETS WERE CLOSED FRIDAY JULY 3

8386
 

Attachments

  • jul2d.png
    jul2d.png
    13.9 KB · Views: 10
  • jul2w.png
    jul2w.png
    14 KB · Views: 11
  • jul2w4.png
    jul2w4.png
    11.3 KB · Views: 9
  • jul2w9.png
    jul2w9.png
    13.4 KB · Views: 9
  • july1.png
    july1.png
    16 KB · Views: 9
Source: http://finance.yahoo.com

The NYSE DOW closed LOWER ▼ -46.53 points or ▼ -0.26% on Monday, 6 July 2015
Symbol …........Last …......Change.......
Dow_Jones 17,683.58 ▼ -46.53 ▼ -0.26%
Nasdaq____ 4,991.94 ▼ -17.27 ▼ -0.34%
S&P_500___ 2,068.76 ▼ -8.02 ▼ -0.39%
30_Yr_Bond____ 3.07 ▼ -0.12 ▼ -3.79%

NYSE Volume 3,490,257,250
Nasdaq Volume 1,747,954,000

Europe
Symbol... .....Last ….....Change.......
FTSE_100 6,535.68 ▼ -94.79 ▼ -1.43%
DAX_____ 10,890.63 ▼ -167.76 ▼ -1.52%
CAC_40__ 4,711.54 ▼ -96.68 ▼ -2.01%

Asia Pacific
Symbol...... ….......Last .....Change…......
ASX_All_Ord___ 5,463.30 ▼ -64.70 ▼ -1.17%
Shanghai_Comp 3,775.91 ▲ 89.00 ▲ 2.41%
Taiwan_Weight 9,255.96 ▼ -102.27 ▼ -1.09%
Nikkei_225___ 20,112.12 ▼ -427.67 ▼ -2.08%
Hang_Seng.__ 25,236.28 ▼ -827.83 ▼ -3.18%
Strait_Times.__ 3,332.94 ▼ -9.79 ▼ -0.29%
NZX_50_Index_ 5,776.62 ▼ -64.28 ▼ -1.10%

http://finance.yahoo.com/news/us-stocks-slip-amid-global-204502328.html

US stocks slip amid global sell-off after Greek 'no' vote

US stocks slip after Greeks reject terms of bailout deal; European markets, oil drop sharply

Associated Press By Bernard Condon, AP Business Writer

NEW YORK (AP) -- Stocks in the U.S. fell broadly following drops in overseas markets as Greeks voted to reject creditor conditions for more loans, but the losses weren't as steep as many had feared.

With time running out for Greece to strike a new deal and its banks desperately short of cash, a wave of selling that started in Asia early Monday spread to Europe, then the U.S. By the end of the day, nine of the 10 industry groups in the Standard and Poor's 500 index were down. But the index itself had fallen a modest 0.4 percent.

Still, many investors were clearly nervous, putting money into assets considered safe bets in turbulent times such as U.S. government bonds. A rout in the stocks of oil drillers and other energy companies fed the selling as the price oil plunged nearly 8 percent.

In a Sunday referendum on creditor demands for spending cuts and tax hikes in exchange for more bailout money, 61 percent of Greeks voted "no," a much higher proportion than anticipated. Some analysts attributed the lack of sharper sell-off in stock markets to the resignation of the Greek finance minister, which might help bailout talks resume.

The Dow Jones industrial average fell 46.53 points, or 0.3 percent, to 17,683.58. The S&P 500 gave up 8.02 points, or 0.4 percent, to 2,068.76. The Nasdaq composite fell 17.27 points, or 0.3 percent, to 4,991.94.

In Europe, Germany's DAX fell 1.5 percent while the CAC-40 in France fell 2 percent. The FTSE 100 index of leading British shares was 0.8 percent lower.

Many in the markets fear that the Greek vote has pushed the country one step closer to leaving the euro.

Greek banks are running out of cash even after the government last week placed limits on how much depositors can withdraw. The European Central Bank has been providing emergency credit to the banks, but on Monday said it could not increase the amount offered because the banks' collateral was weaker now.

Meeting in Paris with her French counterpart, German Chancellor Angela Merkel stressed the importance of Greece taking "responsibility" for reforming its economy. Both she and French President Francois Hollande said the door was open to more negotiations. Eurozone leaders meet Tuesday to discuss the crisis.

Several reports from global banks and investment firms on Monday predicted the country will have no choice but to exit the euro and issue its own currency to relieve the cash crunch. A so-called "Grexit" from the euro is considered one of the biggest risks facing the global economy.

"The prospects of Greece remaining in the eurozone have suffered a setback," said Bill O'Neill, head of the U.K. Investment Office at UBS Wealth Management. "A deal to keep Greece in the eurozone remains possible, but the odds against a successful conclusion have now lengthened."

Russ Koesterich, chief strategist at giant money manager BlackRock, wrote in note to clients that he doesn't think the Greece crisis poses a "longer-term" threat to the global economy or financial markets.

Oil fell $4.40 to $52.53 a barrel on worries that a slowdown in Europe from the Greek crisis will cut demand for oil. Prices also reflected worries that Iranian crude held back by sanctions will soon hit the market as talks with the U.S. over Iran's nuclear program continue to progress.

Some hopes for progress in the talks with Greece grew Monday after Greek Finance Minister Yanis Varoufakis quit. Over months of negotiations, Varoufakis' relations with his peers in the eurozone had deteriorated significantly.

"The fact that Varoufakis has resigned hints that the Greek government may at least be offering an olive branch given his reputation for using aggressive terms such as 'water-boarding' to describe the creditors' actions," said Jane Foley, a senior currency analyst at Rabobank International.

The eurozone has taken steps after years of trouble with Greece to limit damage from a default and euro exit. Banks in Europe no longer hold much Greek government debt and the European Central Bank has pledged to pump liquidity into its financial system should fear spread through Europe.

Still, investors are on edge.

When the Greek government announced June 29 plans to hold a referendum and the closure of the country's banks, markets plunged around the world. In the U.S., the S&P 500 fell 2.1 percent, its biggest drop since the start of the year.

On Monday, investors braced for a repeat as Asian markets opened sharply lower. By the end of their trading days, Japan's Nikkei 225 and South Korea's Kospi each dropped more than 2 percent. Hong Kong's Hang Seng sank 3.2 percent.

China bucked the trend. The country's benchmark index, the Shanghai Composite climbed 2.4 percent after regulators and the securities industry intervened to prop up prices that had been falling in recent weeks.

Among U.S. stocks making big moves, Aetna sank $8.08 to $117.43, a 6.4 percent loss. That was the biggest slide in the S&P 500. The company agreed last week to buy rival health insurer Humana for $35 billion.

The euro fell 0.5 percent to $1.1057. The dollar slipped 0.3 percent to 122.54 Japanese yen.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.29 percent from 2.39 percent late Thursday, a big move. U.S. markets were closed Friday for Independence Day.

Gold rose $9.70 to $1,173.20 an ounce, silver rose 19 cents to $15.73 an ounce and copper fell nine cents to $2.54 a pound.

Brent crude, a benchmark for international oils used by many U.S. refineries, fell $3.78 to close at $56.54 in London.

In other futures trading on the NYMEX:

— Wholesale gasoline fell 11 cents to close at $1.924 a gallon.

— Heating oil fell 13.1 cent to close at $1.709 a gallon.

— Natural gas fell 6.6 cents to close at $2.756 per 1,000 cubic feet.
 

Attachments

  • jul6.png
    jul6.png
    12.4 KB · Views: 11
Source: http://finance.yahoo.com

The NYSE DOW closed HIGHER ▲ 93.33 points or ▲ 0.53% on Tuesday, 7 July 2015
Symbol …........Last …......Change.......
Dow_Jones 17,776.91 ▲ 93.33 ▲ 0.53%
Nasdaq____ 4,997.46 ▲ 5.52 ▲ 0.11%
S&P_500___ 2,081.34 ▲ 12.58 ▲ 0.61%
30_Yr_Bond____ 3.01 ▼ -0.06 ▼ -1.82%

NYSE Volume 4,470,581,000
Nasdaq Volume 2,133,919,750

Europe
Symbol... .....Last ….....Change.......
FTSE_100 6,432.21 ▼ -103.47 ▼ -1.58%
DAX_____ 10,676.78 ▼ -213.85 ▼ -1.96%
CAC_40__ 4,604.64 ▼ -106.90 ▼ -2.27%

Asia Pacific
Symbol...... ….......Last .....Change…......
ASX_All_Ord___ 5,564.00 ▲ 100.70 ▲ 1.84%
Shanghai_Comp 3,727.12 ▼ -48.79 ▼ -1.29%
Taiwan_Weight 9,250.16 ▼ -5.80 ▼ -0.06%
Nikkei_225___ 20,376.59 ▲ 264.47 ▲ 1.31%
Hang_Seng.__ 24,975.31 ▼ -260.97 ▼ -1.03%
Strait_Times.__ 3,340.93 ▲ 7.99 ▲ 0.24%
NZX_50_Index_ 5,803.17 ▲ 26.55 ▲ 0.46%

http://finance.yahoo.com/news/us-stocks-end-higher-greece-201246947.html

US stocks end higher as Greece debt talks proceed

US stock market closes higher as European leaders meet to discuss Greece's tottering finances

Associated Press By Matthew Craft, AP Business Writer

NEW YORK (AP) -- New twists in the Greek debt crisis led to a choppy day of trading on Tuesday, as a late turn left the stock market with a modest gain.

Greece and its creditors held talks in Brussels on Tuesday to discuss how to keep the country from falling out of the euro. Reports out late in the day said European officials considered providing Greece with emergency funding to help it avoid defaulting on its debts. Greece has little time left before its banks run out of cash.

"It's all Greece all the time," said Burt White, chief investment officer at LPL Financial.

Major indexes drifted lower in early trading, then dropped further around midday, pushing the Standard & Poor's 500 index below a technical level watched by many traders, the index's average over the past 200 days. To many in the market it was a signal that stocks had fallen too far, so they jumped back in.

"These technical factors played a role today," said Quincy Krosby, market strategist at Prudential Financial. "The other factor was that some of the language coming from European creditors suggested that, despite the differences, there appears to be strong political motivation to hammer out some sort of agreement with Greece."

The Standard & Poor's 500 index rose 12.58 points, or 0.6 percent, to 2,081.34.

The Dow Jones industrial average climbed 93.33 points, or 0.5 percent, to 17,776.91, while the Nasdaq composite inched up 5.52 points, or 0.1 percent, to 4,997.46.

Major indexes in Europe finished broadly lower. Germany's DAX slid 2 percent and France's CAC-40 lost 2.3 percent. Britain's FTSE 100 dropped 1.6 percent.

The gains in the U.S. were led by utilities and makers of consumer staples, safe-play sectors investors tend to favor when they're fearful of market swings.

The basic materials sector was the only one of the 10 industries in the S&P 500 index to fall. Among individual stocks, Newmont Mining dropped $1.45, or 6.1 percent, to $22.41, the biggest decline in the index.

Mining stocks have taken a hit from plunging prices for metals as traders worry about global demand for basic materials. The price of copper has dropped 7 percent over the past two days.

White thinks that as quarterly earnings reports start to roll in over the coming weeks, investors will turn away from Greece to focus on the U.S. and its improving economy. That shift, he said, could help pull the stock market out of its recent rut.

The unofficial start to the second-quarter earnings season starts Wednesday afternoon when Alcoa turns in its results. Analysts forecast that companies in the S&P 500 will report that their overall profits dropped 4 percent in the quarter, according to S&P Capital IQ. White said he expects that those expectations will prove too pessimistic.

Markets in China extended their slump. The Shanghai Composite Index fell 1.3 percent, while Hong Kong's Hang Seng lost 1 percent. Tokyo's Nikkei 225 advanced 1.3 percent, and Seoul's Kospi lost 0.7 percent.

China's stock market has lost nearly 30 percent after hitting a peak in June. The government has responded with a slew of new emergency measures, but analysts argue that they can't keep prices up without some improvement in economic growth.

"China's leadership has doubled down on its efforts to prop up equity prices," Mark Williams of Capital Economics wrote in a report. "There is a good chance that the market rescue efforts are seen to be a failure in a few months' time."

In other trading on Tuesday, Horizon Pharma offered roughly $2 billion to buy Depomed, a rival pharmaceutical company, in a hostile bid. The Dublin-based company took the offer directly to shareholders after Depomed's executives reportedly refused to talk about a previous proposal. Horizon fell 68 cents, or 2 percent, to $33.86, while Depomed soared $7.98, or 39 percent, to $28.62.

U.S. government bond prices rose, pushing the yield on the 10-year Treasury note down to 2.25 percent from 2.29 percent late Monday.

Precious and industrial metals closed lower. Gold lost $20.60 to settle at $1,152.60 an ounce, silver slid eight cents to $14.95 an ounce. Copper lost 9 cents to $2.45 a pound.

The price of oil dropped slightly following news that the Energy Department increased its forecast for crude oil production in the U.S. Benchmark crude fell 20 cents to close at $52.33 a barrel on the New York Mercantile Exchange. Brent crude, the international benchmark, rose 31 cents to close at $56.85 a barrel in London.

In other futures trading on the NYMEX:

”” Wholesale gasoline rose 2.5 cents to close at $1.949 a gallon.

”” Heating oil rose 0.2 cent to close at $1.711 a gallon.

”” Natural gas fell 4 cents to close at $2.716 per 1,000 cubic feet.
 

Attachments

  • jul7.png
    jul7.png
    13.4 KB · Views: 9
Source: http://finance.yahoo.com

The NYSE DOW closed LOWER ▼ -261.49 points or ▼ -1.47% on Wednesday, 8 July 2015
Symbol …........Last …......Change.......
Dow_Jones 17,515.42 ▼ -261.49 ▼ -1.47%
Nasdaq____ 4,909.76 ▼ -87.70 ▼ -1.75%
S&P_500___ 2,046.68 ▼ -34.66 ▼ -1.67%
30_Yr_Bond____ 2.99 ▼ -0.03 ▼ -0.96%

NYSE Volume 3,611,753,000
Nasdaq Volume 1,934,511,380

Europe
Symbol... .....Last ….....Change.......
FTSE_100 6,490.70 ▲ 58.49 ▲ 0.91%
DAX_____ 10,747.30 ▲ 70.52 ▲ 0.66%
CAC_40__ 4,639.02 ▲ 34.38 ▲ 0.75%

Asia Pacific
Symbol...... ….......Last .....Change…......
ASX_All_Ord___ 5,456.50 ▼ -107.50 ▼ -1.93%
Shanghai_Comp 3,507.19 ▼ -219.93 ▼ -5.90%
Taiwan_Weight 8,976.11 ▼ -274.05 ▼ -2.96%
Nikkei_225___ 19,737.64 ▼ -638.95 ▼ -3.14%
Hang_Seng.__ 23,516.56 ▼ -1,458.75 ▼ -5.84%
Strait_Times.__ 3,284.99 ▼ -55.94 ▼ -1.67%
NZX_50_Index_ 5,767.70 ▼ -35.47 ▼ -0.61%

http://finance.yahoo.com/news/nyse-shutdown-upends-already-tough-214042773.html

NYSE shutdown upends an already tough day for markets

US stocks end lower after technical issue shuts NYSE for half the day; no hack seen
Associated Press By Matthew Craft, AP Business Writer

NEW YORK (AP) -- It was already a tough day in the market when the unexpected hit.

The New York Stock Exchange halted trading late Wednesday morning because of technical trouble.

The outage came as traders had plenty of other things to worry about. Concerns about China's plunging stock market and a logjam in talks between Greece and its creditors weighed on the mood. Major indexes were already falling before the shutdown, which occurred shortly after 11:30 a.m. Eastern time. NYSE resumed trading at 3:10 p.m.

The exchange, in a statement late Wednesday, attributed the malfunction to a "configuration issue" and not as the result of hackers. A NYSE spokeswoman would not provide further details.

The broader stock market stayed open as orders to buy and sell kept flowing to the Nasdaq and other exchanges around the country.

Tom Caldwell, who runs an investment firm with stakes in several exchanges, said there are some 60 exchanges and trading venues that can take orders when one goes down, so investors shouldn't get rattled.

"It's disruptive, but not wildly disruptive," said Caldwell, chairman of Caldwell Securities.

President Obama was briefed on the NYSE situation, according to Josh Earnest, the White House spokesman. Officials told the president there were no malicious actors involved.

By the end of the day, the Standard & Poor's 500 index fell 34.66 points, or 1.7 percent, to close at 2,046.68.

The Dow Jones industrial average dipped 261.49 points, or 1.5 percent, to 17,515.42 and the Nasdaq slid 87.70 points, or 1.8 percent, to 4,909.76.

U.S. markets have been dogged by technical problems over recent years as more trading is handled by computers. In May 2010, the Dow plunged hundreds of points in minutes in an incident that later became known as the "flash crash." In March 2012, BATS Global Markets, a Kansas company that offers stock trading services, canceled its own IPO after several snafus.

Two months later, a highly anticipated IPO of Facebook on the Nasdaq exchange was marred by a series of technical problems, rattling investors unsure if their orders went through.

James Angel, an associate professor of finance at Georgetown University's McDonough School of Business, said NYSE's shutdown highlighted both the fragility and the resilience of modern technology. Angel sat on the board of exchange company Direct Edge before it was acquired by a larger rival last year.

"From an investors' perspective, if you hadn't heard about the outage, you probably wouldn't have noticed," Angel said.

Portfolio manager Mark Spellman of Alpine Funds said an outage similar to Wednesday's would have caused panic a few decades ago, when the NYSE dominated the market. But firms making trades were able to use a variety of other exchanges while the NYSE was out of commission. He says the disruption didn't cause any problems for the global markets.

"Only 15 to 20 percent of global stock exchange trading happens on the NYSE these days," he said. "Things are so spread out."

Still, others on Wall Street found the long outage unsettling.

Phil Orlando, chief equity strategist at Federated Investors, said it was unsettling that computer problems also forced United Airlines to temporarily ground its flights across the country and the Wall Street Journal's website went down, all on the same day.

"These are visible icons of American industry," he said. "It's just unnerving."

Todd Leone, a trader with Meridian Equity Partners, said in an interview outside the New York Stock Exchange that occasional technical glitches are a "fact of life" today.

"It's a little bit scary," Leone said, speaking during the NYSE outage. "Computers dominate our lives."

In China, the Shanghai Composite sank 6 percent despite new attempts by China's government to stop the selling. Hong Kong's Hang Seng, a victim of the turmoil in mainland Chinese markets, also lost 6 percent. Beijing ordered state-owned companies to buy shares and promised more credit to finance trading. The Shanghai index has lost almost a third of its value in the last month. It is still up 70 percent over the past year.

In Europe, Greece applied for a new three-year loan and said it would have a new proposal for creditors in coming days. The deeply indebted country needs a financial lifeline from its European lenders before its banks collapse, an event that could push Greece out of the currency union.

EUROPEAN STOCKS: The region's major markets finished with gains. Germany's DAX gained 0.7 percent and France's CAC 40 rose 0.8 percent. Britain's FTSE 100 added 0.9 percent.

METALS: Gold rose $10.90 to $1,163.50 an ounce, and silver added 20 cents to $15.15 an ounce. Copper gained 5 cents to $2.50.

BONDS AND CURRENCIES: U.S. government bond prices edged up, nudging the yield on the 10-year Treasury down to 2.20 percent from 2.26 late Tuesday. The euro rose to $1.1083, while the dollar fell to 120.78 yen.

CRUDE: The price of oil fell after the Energy Department reported a surprise increase in crude oil supplies for the second straight week. Benchmark U.S. crude fell 68 cents to close at $51.65 a barrel in New York. Brent crude, an international benchmark, rose 20 cents to close at $57.05 in London.

OTHER ENERGY MARKETS: Wholesale gasoline rose 5 cents to close at $1.999 a gallon. Heating oil rose 0.4 cent to close at $1.715 a gallon. Natural gas fell 3.1 cents to close at $2.685 per 1,000 cubic feet.
 

Attachments

  • july8.png
    july8.png
    14 KB · Views: 9
My apologies for not posting yesterday as retuning from Thailand to Melbourne

Source: http://finance.yahoo.com

The NYSE DOW closed HIGHER ▲ 211.79 points or ▲ 1.21% on Friday, 10 July 2015
Symbol …........Last …......Change.......
Dow_Jones 17,760.41 ▲ 211.79 ▲ 1.21%
Nasdaq____ 4,997.70 ▲ 75.30 ▲ 1.53%
S&P_500___ 2,076.62 ▲ 25.31 ▲ 1.23%
30_Yr_Bond____ 3.21 ▲ 0.11 ▲ 3.55%

NYSE Volume 3,072,074,250
Nasdaq Volume 1,598,576,620

Europe
Symbol... .....Last ….....Change.......
FTSE_100 6,673.38 ▲ 91.75 ▲ 1.39%
DAX_____ 11,315.63 ▲ 319.22 ▲ 2.90%
CAC_40__ 4,903.07 ▲ 145.85 ▲ 3.07%

Asia Pacific
Symbol...... ….......Last .....Change…......
ASX_All_Ord___ 5,478.10 ▲ 21.80 ▲ 0.40%
Shanghai_Comp 3,877.80 ▲ 168.47 ▲ 4.54%
Taiwan_Weight 8,914.13 ▲ 0.00 ▲ 0.00%
Nikkei_225___ 19,779.83 ▼ -75.67 ▼ -0.38%
Hang_Seng.__ 24,901.28 ▲ 508.49 ▲ 2.08%
Strait_Times.__ 3,279.88 ▲ 12.48 ▲ 0.38%
NZX_50_Index_ 5,725.34 ▼ -12.10 ▼ -0.21%

http://finance.yahoo.com/news/us-stocks-rise-optimism-greek-155446526.html

US stocks rise on optimism that Greek debt deal will be done

US stocks rise on optimism for a deal to keep Greece in the euro; Airlines climb

Associated Press By Steve Rothwell, AP Markets Writer

NEW YORK (AP) -- U.S. stocks logged their best day in two months Friday as Greece appeared to move closer to securing a bailout deal that will enable it to avoid bankruptcy and keep the country in the euro.

Greece and its creditors appeared to be narrowing their differences after Athens offered reform proposals in order to secure a third bailout of around 53 billion euros ($59.5 billion). A final decision could be made on Sunday.

A second day of gains for Chinese stocks also encouraged investors. U.S. stocks had fallen sharply on Wednesday, in part on concern that a monthlong slump in China's stock market could crimp growth in the world's second-largest economy.

"This is a giant collective exhaling," said Kristina Hooper, U.S. investment strategist at Allianz Global Investors. The Greek deal "is not done, but we're closer than we have been in a while."

The Standard & Poor's 500 index rose 25.31 points, or 1.2 percent, to 2,076.62. The Dow Jones industrial average climbed 211.79 points, or 1.2 percent, to 17,760.41. The Nasdaq composite gained 75.30 points, or 1.5 percent, to 4,997.70.

The gains pushed the S&P 500 back into positive territory for the year.

On Friday, stocks in China jumped before the U.S. market opened. China's Shanghai Composite Index jumped 4.5 percent, paring its losses for the month to 24 percent.

The Chinese market is only recovering after the government intervened heavily and about half of the companies listed in mainland China suspended trading in their stocks.

That's making some investors cautious.

"The policy makers appear to have some success in stabilizing values, but fifty percent of Chinese stocks are not currently trading," said Jim McDonald, chief investment strategist at Northern Trust.

Back in the U.S., airline stocks rallied after American Airlines, the nation's largest carrier, signaled that it was cutting back on its growth plans this year amid signs that average fares are declining. American said it expects to increase passenger-carrying capacity by 1 percent this year, down from an earlier forecast of 2 percent. American Airlines rose $1.54, or 3.9 percent, to $41.21. Delta Air Lines jumped $1.91, or 4.7 percent, to $42.46.

Investors also followed a speech by Federal Reserve Chair Janet Yellen on Friday.

Speaking in Cleveland, Ohio, Yellen said that the Fed is on track to start raising interest rates later this year, but expressed concerns over headwinds that are still holding back the U.S. economy, in particular lingering weakness in the labor market and new potential threats overseas.

David Kelly, chief global strategist at JPMorgan Asset Management, said after the speech that he expected the Fed to lift interest rates in September, provided that Greece reaches a deal with its creditors and there were no major financial crises between now and then.

Investor start focusing on second-quarter earnings next week as the pace of company reporting picks up.

Among the companies reporting are banks, including JPMorgan, Bank of America and Wells Fargo, as well as Delta, Netflix and Intel.

"Earnings will be adequate, we don't expect them to blow out the lights," said Allianz's Hooper. "It will be a subdued, but mildly positive earnings environment."

Companies in the S&P 500 are forecast to report that earnings shrank by 4.5 percent on average. While that would be the first contraction in earnings in almost six years, the figures are distorted by a big drop in energy company earnings following the collapse in the oil price last year.

In bond trading, prices fell. The yield on the 10-year Treasury note climbed to 2.40 percent from 2.32 percent on Thursday. The euro surged against the dollar, climbing 0.7 percent to $1.1151. The dollar rose 0.7 percent against the Japanese currency, to 122.80 yen.

The price of oil declined slightly and ended the week down 7 percent on concerns about economic growth in Europe and China as well as robust production from U.S. drillers. Benchmark U.S. crude fell 4 cents to close at $52.74 a barrel in New York. It ended last week at $56.93 a barrel. Brent crude, a benchmark for international oils used by many U.S. refineries, rose 12 cents Friday to close at $58.73 a barrel in London.

In metals trading, silver rose 12 cents to $15.47 an ounce. Gold dropped $1.30 to $1,157.90 an ounce. Copper fell 1.3 cents to $2.55 a pound.

In other futures trading on the New York Mercantile Exchange:

— Wholesale gasoline fell 2.8 cents to close at $2.017 a gallon.

— Heating oil fell 0.4 cent to close at $1.740 a gallon.

— Natural gas rose 4.4 cents to close at $2.770 per 1,000 cubic feet.

8878
 

Attachments

  • jul10d.png
    jul10d.png
    13 KB · Views: 10
  • jul10w.png
    jul10w.png
    16.8 KB · Views: 10
  • jul10w4.png
    jul10w4.png
    11.2 KB · Views: 9
  • jul10w9.png
    jul10w9.png
    13.3 KB · Views: 9
  • jul10y1.png
    jul10y1.png
    16.2 KB · Views: 9
Source: http://finance.yahoo.com

The NYSE DOW closed HIGHER ▲ 217.27 points or ▲ 1.22% on Monday, 13 July 2015
Symbol …........Last …......Change.......
Dow_Jones 17,977.68 ▲ 217.27 ▲ 1.22%
Nasdaq____ 5,071.51 ▲ 73.82 ▲ 1.48%
S&P_500___ 2,099.60 ▲ 22.98 ▲ 1.11%
30_Yr_Bond____ 3.21 ▲ 0.00 ▼ -0.06%

NYSE Volume 3,096,856,750
Nasdaq Volume 1,696,274,880

Europe
Symbol... .....Last ….....Change.......
FTSE_100 6,737.95 ▲ 64.57 ▲ 0.97%
DAX_____ 11,484.38 ▲ 168.75 ▲ 1.49%
CAC_40__ 4,998.10 ▲ 95.03 ▲ 1.94%

Asia Pacific
Symbol...... ….......Last .....Change…......
ASX_All_Ord___ 5,460.40 ▼ -17.70 ▼ -0.32%
Shanghai_Comp 3,970.39 ▲ 92.58 ▲ 2.39%
Taiwan_Weight 9,033.92 ▲ 119.79 ▲ 1.34%
Nikkei_225___ 20,089.77 ▲ 309.94 ▲ 1.57%
Hang_Seng.__ 25,224.01 ▲ 322.73 ▲ 1.30%
Strait_Times.__ 3,311.22 ▲ 31.34 ▲ 0.96%
NZX_50_Index_ 5,706.70 ▼ -18.64 ▼ -0.33%

http://finance.yahoo.com/news/stocks-end-higher-greece-lines-201139769.html

Stocks end higher after Greece lines up a new bailout deal

US stocks notch solid gains after Greece agrees to a new bailout deal with its creditors

Associated Press By Matthew Craft, AP Business Writer

NEW YORK (AP) -- A new agreement between Greece and its lenders helped lift the stock market on Monday, extending the market's winning streak to a third day. The deal for a new loan package is aimed at keeping the country in the euro, but many hurdles remain.

Major indexes headed higher at the opening bell, following solid gains in Europe, then kept climbing throughout the afternoon. Nearly three stocks rose for every one that fell on the New York Stock Exchange, and every sector in the S&P 500 finished with gains.

Nine hours after a self-imposed deadline passed, European officials announced the breakthrough on Greece early Monday. The tentative agreement removed an immediate threat that the country would default on its debts and leave the euro. In exchange for a three-year loan program, the deal requires Greece's parliament to pass tax increases and other key demands from its lenders into law by Wednesday.

"Our markets have reason to cheer," said Tim Dreiling, senior portfolio manager at the U.S. Bank's Private Client Reserve. "It's a reprieve from worry for a few days at least."

The Standard & Poor's 500 index gained 22.98 points, or 1.1 percent, to 2,099.60.

The Dow Jones industrial average climbed 217.27, or 1.2 percent, to 17,977.68, while the Nasdaq gained 73.82, or 1.5 percent, to 5,071.51.

Major markets in Europe rallied on the news. Germany's DAX climbed 1.5 percent and France's CAC 40 surged 1.9 percent. Britain's FTSE 100 finished with a gain of 1 percent.

Worries over Greece and China have buffeted markets in recent weeks. Barring any worrying news out of either country, investors will likely shift their attention to earnings reports as a parade of major corporations turn in second-quarter results.

JPMorgan Chase, Johnson & Johnson and Wells Fargo will report early Tuesday, followed by Bank of America and Google later in the week. Analysts expect overall earnings to fall 4.5 percent compared with the prior year, according to S&P Capital IQ. If that forecast comes true, it would mark the first drop in earnings since 2009.

Among other companies making big moves on Monday, Marathon Petroleum soared 8 percent, the biggest gain in the S&P 500, following its announcement that a partnership it runs will buy MarkWest Energy Partners, a company that works with natural gas. Marathon jumped $4.29 to $58.78.

Microsoft said it would roll out Windows 10 in late July. The upgraded operating system is supposed to allow users to switch seamlessly between personal computers and their gadgets. The company's stock rose 93 cents, or 2 percent, to $45.54, among the biggest gains in the Dow.

In Asia, Japan's Nikkei 225 gained 1.6 percent, South Korea's Kospi gained 1.5 percent. In China, the Shanghai Composite added 2.4 percent, bouncing back after a slew of government measures to halt a dramatic slide. Hong Kong's Hang Seng rose 1.3 percent.

Back in the U.S., government bond prices slipped, pushing yields up. The yield on the 10-year Treasury note rose to 2.43 percent from 2.40 percent late Friday.

Precious metals finished with slight losses. Gold lost $2.50 to settle at $1,155.40 an ounce, while silver sank 3 cents to $15.44 an ounce. Copper picked up a penny to close at $2.56 a pound.

Benchmark U.S. oil fell 54 cents to close at $52.20 a barrel on the New York Mercantile Exchange. Brent crude, an international benchmark, fell 88 cents at $57.85 a barrel in London.

In other futures trading on the NYMEX:

— Wholesale gasoline fell 7.7 cents to close at $1.940 a gallon.

— Heating oil fell 2.1 cents to close at $1.719 a gallon.

— Natural gas rose 9.4 cents to close at $2.864 per 1,000 cubic feet.
 

Attachments

  • jul13.png
    jul13.png
    12.8 KB · Views: 9
Source: http://finance.yahoo.com

The NYSE DOW closed HIGHER ▲ 75.9 points or ▲ 0.42% on Tuesday, 14 July 2015
Symbol …........Last …......Change.......
Dow_Jones 18,053.58 ▲ 75.90 ▲ 0.42%
Nasdaq____ 5,104.89 ▲ 33.38 ▲ 0.66%
S&P_500___ 2,108.95 ▲ 9.35 ▲ 0.45%
30_Yr_Bond____ 3.19 ▼ -0.02 ▼ -0.53%

NYSE Volume 3,002,250,250
Nasdaq Volume 1,685,091,250

Europe
Symbol... .....Last ….....Change.......
FTSE_100 6,753.75 ▲ 15.80 ▲ 0.23%
DAX_____ 11,516.90 ▲ 32.52 ▲ 0.28%
CAC_40__ 5,032.47 ▲ 34.37 ▲ 0.69%

Asia Pacific
Symbol...... ….......Last .....Change…......
ASX_All_Ord___ 5,561.90 ▲ 101.50 ▲ 1.86%
Shanghai_Comp 3,924.49 ▼ -45.90 ▼ -1.16%
Taiwan_Weight 9,041.76 ▲ 7.84 ▲ 0.09%
Nikkei_225___ 20,385.33 ▲ 295.56 ▲ 1.47%
Hang_Seng.__ 25,120.91 ▼ -103.10 ▼ -0.41%
Strait_Times.__ 3,316.50 ▲ 5.28 ▲ 0.16%
NZX_50_Index_ 5,750.88 ▲ 44.18 ▲ 0.77%

http://finance.yahoo.com/news/us-stocks-post-4th-straight-201029432.html

US stocks post a 4th straight gain; Micron soars

US stocks post a 4th straight gain; Micron Technology soars on deal talk

Associated Press By Bernard Condon, AP Business Writer

NEW YORK (AP) -- Stocks climbed broadly on Tuesday as investors who had been fretting over the Greek debt crisis and plunging Chinese stocks turned their attention back to the U.S. economy and corporate earnings reports.

JPMorgan Chase and Johnson & Johnson reported second-quarter profits that were stronger than expected. A government report showed that Americans cut back on spending at retailers last month, but some investors interpreted that as good for stocks since it may make the Federal Reserve more cautious when it starts raising rates for the first time in nine years.

"It's back to the mindset that bad news is good news," said James Abate, chief investment officer of Centre Funds. "We think (the Fed) will raise rates in September, but we don't think it will be an aggressive tightening cycle."

The gains were modest but widespread. Among the 10 industry sectors of the Standard and Poor's 500 index, only utilities fell. It was the fourth straight gain in a row for the broader index.

The S&P 500 increased 9.35 points, or 0.5 percent, to 2,108.95. The Dow Jones industrial average gained 75.90 points, or 0.4 percent, to 18,053.58. The Nasdaq composite climbed 33.38 points, or 0.7 percent, to 5,104.89.

The Commerce Department said retail sales slipped 0.3 percent in June, the weakest showing since February. That followed a robust 1 percent jump in May. A separate report from National Federation of Independent Business showed an index of small business optimism fell in June.

Investors were also keeping an eye on Greece after the country struck a preliminary deal with its creditors. Prime Minister Alexis Tsipras has to convince lawmakers to approve tax hikes and spending cuts by Wednesday to receive emergency money and re-open the country's banks, but he faced dissent even within his left-wing party.

Peter Cardillo, chief economist at Rockwell Global, a brokerage firm, thinks the Greek crisis may still spook the stock market. He said investors seemed to be more focused Tuesday on earnings, and hoping some decent reports so far will continue and buck the currently low expectations investors have.

"The earnings announcements are probably going to be the real driving force of the markets over the next few weeks," Cardillo said.

Earnings for companies in the S&P 500 index are expected to fall 4.4 percent compared with the prior year, according to S&P Capital IQ. That would be the first drop since 2009.

Companies reporting in the coming days include Delta Air Lines and Netflix on Wednesday, Ebay and Google on Thursday and General Electric on Friday.

Among stocks making big moves, loan servicing company Navient cut its earnings forecast because of weakened credit trends on some student loans and a drop in loans that are coming out of deferment compared with previous years. Its stock plunged $1.94, or 10.6 percent, to $16.42.

Micron Technology jumped 11 percent on reports that a Chinese company is preparing a $23 billion bid for the chip maker in what would be China's largest takeover of a U.S. company. Some media reports said that Tsinghua Unigroup Ltd. would bid $21 per Micron share, and that an offer could come this week. Micron gained $2 to $19.61.

Twitter briefly spiked 8.5 percent after a fake story said the company received a $31 billion buyout offer. The story appeared on a website made to look like Bloomberg's business news page. A Bloomberg spokesman said the story was bogus. Twitter closed up 94 cents, or 2.6 percent, to $36.72.

The main Chinese index lost 1.2 percent after three straight gains. The government has been trying to lift stocks after the Shanghai Composite Index lost as much as 30 percent over the past month. Among other measures, executives and big shareholders have been barred from selling. Analysts say it is unclear whether the market can hold up once the barriers to selling are relaxed.

In oil trading, benchmark U.S. crude rose 84 cents to close at $53.04 a barrel in New York. Brent crude, a benchmark for international oils used by many U.S. refineries, rose 66 cents to close at $58.51 a barrel in London.

In other futures trading on the New York Mercantile Exchange:

”” Wholesale gasoline fell 0.9 cents to close at $1.931 a gallon.

”” Heating oil rose 0.7 cent to close at $1.725 a gallon.

”” Natural gas fell 2.4 cents to close at $2.840 per 1,000 cubic feet.

U.S. government bond prices rose. The yield on the 10-year Treasury note fell to 2.40 percent from 2.45 percent late Monday.

Precious and industrial metals futures closed lower. Gold lost $1.90 to $1,153.50 an ounce, silver fell 14 cents to $15.30 an ounce and copper gave up a penny to close at $2.54 a pound.
 

Attachments

  • jul14.png
    jul14.png
    10.5 KB · Views: 8

Similar threads

Garpal Gumnut
Shorting Bitcoin - BITI - ETF
Replies
2
Views
2K
Garpal Gumnut
Garpal Gumnut
Joe Blow
  • Locked
October 2024 Stock Tipping Competition Entry Thread!
2
Replies
35
Views
2K
frugal.rock
frugal.rock
InsvestoBoy
S&P/ASX 200 (XJO) - Block Inc listing
Replies
19
Views
3K
Dona Ferentes
Dona Ferentes
Joe Blow
  • Locked
January 2024 Stock Tipping Competition Entry Thread!
2
Replies
35
Views
3K
Joe Blow
Joe Blow
Joe Blow
  • Locked
February 2024 Stock Competition Entry Thread!
2 3
Replies
43
Views
4K
greggles
greggles
Top