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http://finance.yahoo.com/marketupdate?u - May 24, 2013 2:43:53 PM - Nov 28, 2004 8:57:11 PM
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Thu, May 23, 2013, 7:27PM EDT - U.S. Markets closed
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15,294.50 12.67 (0.08%) 3,459.42 3.88 (0.11%) 1,650.51 4.84 (0.29%) 2.02 0.00 4,435,808,500.00 1,768,799,000.00
1,610 (39%) 1,283 (50%) 2,412 (58%) 1,183 (46%) 151 (4%) 112 (4%) 1,862 (1322%) 851 (48%) 2,504 (1778%) 887 (50%) 69 (49%) 31 (2%) 110 544 60 80 4:15 pm : The major averages ended modestly lower with the S&P 500 shedding 0.3%. The benchmark average saw an opening loss of 1.2% after Japan's Nikkei tumbled 7.3%. Japanese stocks sold off amid continued volatility in Japanese Government Bond futures as the 10-yr yield spiked almost 16 basis points to 1.002 before the Bank of Japan's JPY2 trillion liquidity injection caused yields to retrace their gains. Adding insult to injury was news out of China where the HSBC Flash Manufacturing PMI (49.6 actual, 50.5 consensus, 50.4 prior) fell below 50 for the first time in seven months. All ten sectors began the session with sharp losses before the daylong rebound helped some groups return to yesterday's closing levels. The utilities sector was the weakest performer, ending lower by 0.8% after a morning flash crash in American Electric Power (AEP 48.28, -0.31) and NextEra Energy (NEE 78.22, -0.94) briefly wiped out more than $33 billion in combined market capitalization. Meanwhile, other defensively-oriented sectors outperformed the broader market with the telecom space registering a gain. Cyclical groups were mixed throughout the day as technology and materials made a brief appearance in positive territory.
In the tech sector, major components like (AAPL 442.14, +0.79), Oracle (ORCL 34.23, +0.11), and (CSCO 23.51, +0.17) held up relatively well while (HPQ 24.86, +3.63) surged 17.2% following its earnings beat on below-consensus revenue. In addition, the computer company guided third quarter earnings above analyst expectations and raised its dividend 10.0% to
Thu, May 23, 2013, 2:02PM EDT - U.S. Markets close in 1 hr 58 mins
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15,298.38 8.79 (0.06%) 3,455.73 7.57 (0.22%) 1,649.22 6.13 (0.37%) 2.01 0.01 2,583,571,250.00 1,135,944,875.00
1,183 (29%) 1,025 (41%) 2,823 (69%) 1,413 (56%) 95 (2%) 90 (4%) 808 (32%) 426 (39%) 1,662 (67%) 653 (60%) 23 (1%) 15 (1%) 89 520 55 74 1:35 pm : The major averages hover near their recent levels with the S&P 500 leading to the downside (-0.6%). The Dow and Nasdaq trade ahead of the benchmark average, but the two indices have returned into the red after making a brief appearance in positive territory. Cyclical sectors continue to pressure the broader market with financials down 1.0%. Notably, gold futures have strengthened. The yellow metal trades higher by 1.8% at $1392.50.DJ30 -38.27 NASDAQ -12.52 SP500 -9.07 NASDAQ Adv/Vol/Dec 1040/1.08 bln/1411 NYSE Adv/Vol/Dec 884/409.7 mln/2103
1:00 pm : The S&P 500 trades lower by 0.3% after being down as much as 1.2% during the opening minutes. Stocks opened sharply lower as the 7.3% plunge in the Nikkei contributed to the early selling. In addition, China's first contractionary reading of the HSBC Flash Manufacturing PMI in seven months (49.6 actual, 50.5 consensus, 50.4 prior) reminded investors of the persisting growth concerns. The initial weakness caused an early slump in all ten sectors before the subsequent rebound helped most groups reclaim a portion of their losses. At midday, the utilities sector is the only group trading with a loss larger than 1.0%. On the flip side, the rebound in technology has run the growth-oriented sector back to its unchanged line. Major components like Apple (AAPL 443.25, +1.90), Cisco Systems (CSCO 23.51, +0.17), and IBM (IBM 207.90, +0.91) all trade with gains between 0.4% and 0.7%. In addition, Hewlett-Packard (HPQ 24.12, +2.88) has jumped 13.6% after its upside guidance and dividend hike overshadowed the company's mixed earnings report. The materials sector is the
Thu, May 23, 2013, 6:44AM EDT - U.S. Markets open in 2 hrs 46 mins
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2,984,477,000.00 1,500,097,375.00
Wed, May 22, 2013, 11:59PM EDT - U.S. Markets closed
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4,907,109,000.00 2,116,961,750.00
1,366 (223%) 499 (24%) 3,500 (572%) 1,600 (76%)
Wed, May 22, 2013, 5:05PM EDT - U.S. Markets closed
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15,307.17 80.41 (0.52%) 3,463.30 38.82 (1.11%) 1,655.35 13.81 (0.83%) 2.03 0.08 4,867,292,000.00 2,107,151,000.00
922 (22%) 633 (25%) 3,145 (75%) 1,845 (72%) 108 (3%) 82 (3%) 1,354 (237%) 497 (24%) 3,474 (607%) 1,592 (76%) 40 (7%) 18 (1%) 816 645 90 73
4:15 pm : The S&P 500 settled lower by 0.8% after early strength turned into afternoon weakness. Today's headline event came in the form of Ben Bernanke's testimony before the Joint Economic Committee. During his remarks, Chairman Bernanke said premature tightening of monetary policy could stall the pace of recovery. This followed weeks of conflicting remarks from FOMC members, which sparked speculation regarding possible changes to the Fed's policy course. However, those voices were echoed again by the afternoon release of the FOMC minutes from the May 1 meeting. The minutes indicated that some members expressed their willingness to slow asset purchases as early as June, provided economic conditions warrant the change. Equities spiked at the start of Chairman Bernanke's testimony, but sellers made their presence known this afternoon as the major averages slumped to session lows.
While the afternoon decline occurred around the release of FOMC minutes, the move was isolated to the stock market as the 10-yr yield held near its session high of 2.04%, and the Dollar Index maintained its gain of 0.4% near 84.25.
The utilities and telecom sectors led to the downside as traders continued to dump income-oriented names. Including today's 1.6% decline, the utilities sector is down 5.0% month-to-date.
Elsewhere, the energy space lost 1.2% as crude oil declined 2.1%. The energy component ended at $94.18 per barrel, and weighed on the growth-sensitive sector.
Another commodity-related group, materials, ended among the laggards as steelmakers underperformed. The Market Vectors Steel ETF (SLX 42.61, -0.59) settled lower by 1.4%.
Cyclical sectors felt the brunt of the