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http://finance.yahoo.com/marketupdate?u - May 26, 2012 6:25:45 PM - Nov 28, 2004 8:57:11 PM
Sat, May 26, 2012, 9:25PM EDT - U.S. Markets closed
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Sat, May 26, 2012, 3:31PM EDT - U.S. Markets closed
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Action this week started on a strong note. Stocks then managed to muster gains that ranged from only incremental to modest during the course of the next few sessions. Still, it was enough to give the S&P 500 a weekly gain of 1.7%, which snapped a streak of three straight weekly slides.
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Sat, May 26, 2012, 2:27AM EDT - U.S. Markets closed
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2,877,149,250.00 1,284,532,875.00
Fri, May 25, 2012, 7:49PM EDT - U.S. Markets closed
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12,454.83 74.92 (0.60%) 2,837.53 1.85 1,317.82 2.86 (0.22%) 1.75 0.01 2,876,504,500.00 1,284,007,250.00
1,573 (49%) 1,238 (48%) 1,477 (46%) 1,231 (47%) 129 (4%) 129 (5%) 1,625 (56%) 663 (52%) 1,190 (41%) 595 (46%) 62 (2%) 26 (2%) 53 82 66 121 4:30 pm : Action this week started on a strong note. Stocks then managed to muster gains that ranged from only incremental to modest during the course of the next few sessions. Still, it was enough to give the S&P 500 a weekly gain of 1.7%, which snapped a streak of three straight weekly slides.
Perhaps most impressive about the stock market’s weekly advance is that it came in the face of continued concerns about persistently precarious conditions in the eurozone.
Most of this week’s gain was earned on Monday, when a blend of bargain hunting and short covering drove the S&P 500 to its strongest performance in two months to snap a six-session losing streak. However, stocks had a hard time building on that bounce with the euro communicating serious concerns about the eurozone by dropping to a near two-year low of about $1.25.
The euro acted as a trading catalyst for most of the week. Its gyrations came amid concerns about the possibility and implications of a eurozone breakup. Those concerns were aroused by a former Greece prime minister, who indicated that the country may be considering an exit from the euro. Subsequent calls by eurozone officials for contingency plans and the need for the creation of eurozone bonds were aimed at addressing the issue. There was also some chatter about coordinated central bank actions regarding swap line fees.
As was the case at the start of the week, stocks were helped later on by some short covering, which helped the broad market reverse out of the red as many market participants were prompted to exit their positions so as to take profits or protect against additional upside action once stocks had stabilized.
Fri, May 25, 2012, 1:00PM EDT - U.S. Markets close in 3 hrs.
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12,485.02 44.73 (0.36%)
2,837.99 1.39 (0.05%)
1,319.73 0.95 (0.07%)
1.74 0.02
1,474,214,125.00 653,344,062.50
1,559 (50%) 1,266 (51%) 1,423 (46%) 1,135 (45%) 125 (4%) 102 (4%) 908 (65%) 379 (61%) 474 (34%) 237 (38%) 24 (2%) 8 (1%) 45 70 61 98 12:30 pm : The S&P 500 has slipped back into negative territory for a fractional loss, but remains above its session low. Tech stocks, down 0.2%, have been a bit of a drag.
Outside of equities, the dollar is up just 0.1% against a basket of major foreign currencies, namely the euro.
Mixed to moderately weak price action among commodities has the CRB Index down 0.2%. DJ30 -39.62 NASDAQ -2.36 SP500 -0.51 NASDAQ Adv/Vol/Dec 1395/570 mln/1065 NYSE Adv/Vol/Dec 1560/225 mln/1285
12:00 pm : The stock market remains mired near the neutral line, making for an unexciting session of trade. The lack of action is largely owed to an absence of trade-worthy headlines and an exit from the market by traders looking for an early start to the long, holiday weekend -- US markets will be closed on Monday for Memorial Day. With trading desks so thinly staffed share volume has been paltry.DJ30 -20.13 NASDAQ -0.01 SP500 +1.80 NASDAQ Adv/Vol/Dec 1220/505 mln/1125 NYSE Adv/Vol/Dec 1465/200 mln/1385
11:30 am : The S&P 500 has pushed up from the flat line to trade near the top of its morning range. Still, its gain remains only modest.
That said, the stock market has made only modest and incremental gains in each of the three previous sessions, following a big move on Monday. With stocks positioned above the flat line for a fifth straight session, the S&P 500 is poised to snap three straight weeks of losses. What's more, the S&P 500 hasn't had such a strong weekly performance since the middle of March. That was also about the last time that stocks strung together five straight gains, including incrementally positive finishes. DJ30 -21.35 NASDAQ -1.80 SP500 +2.39 NASDAQ Adv/Vol/Dec 1200/430 mln/1100 NYSE Adv/Vol/Dec
Fri, May 25, 2012, 3:39AM EDT - U.S. Markets open in 5 hrs 51 mins
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12,529.75 33.60 (0.27%) 2,839.38 1,320.68 1.82 (0.14%)
1.76 3,949,081,250.00 1,758,717,500.00
1,785 (56%) 1,298 (49%) 1,302 (41%) 1,224 (46%) 106 (3%) 113 (4%) 2,025 (51%) 604 (34%) 1,879 (48%) 1,102 (63%) 45 (1%) 52 (3%) 59 76 80 148 4:30 pm : Hampered by Tech stocks, the Nasdaq was unable to join its counterparts in positive territory for modest gains following a late lift that came in the face of a weak euro.
The euro fell to a new 52-week low of about $1.25 today. It had actually made an upward move this morning to lead the greenback by a narrow margin amid a speech by European Central Bank President Draghi, calls by eurozone officials for contingency plans pertaining to Greece’s possible departure from the eurozone, and chatter about coordinated central bank actions regarding swap lines. Before long, though, the euro resumed its downtrend so that it trailed the dollar by about 0.4% by the closing bell.
Economic data from Europe featured disappointing Flash Manufacturing readings from France, Germany, and the broader eurozone. China also reported a disappointing Manufacturing PMI reading. Domestic data featured underwhelming durable goods orders data and an unsurprising weekly initial jobless claims count.
Durable goods orders increased by 0.2% during April, but orders less transportation items declined by 0.6%. Economists polled by Briefing.com had expected, on average, that overall orders would increase by 0.3%, while orders less transportation would increase by 1.0%. Prior month data was revised to reflect a 3.7% decline in overall orders and a 0.8% decline in orders less transportation items.
The latest weekly initial jobless claims count totaled 370,000, which is on par with the 365,000 initial claims that had been widely forecasted, and consistent with the 372,000 initial claims filed in the prior week.
Thu, May 24, 2012, 7:36AM EDT - U.S. Markets open in 1 hr 54 mins
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0.00 (0.00%) 0.00 3,471,627,500.00 1,653,038,875.00
1,850 (58%) 1,349 (51%) 1,196 (37%) 1,136 (43%) 153 (5%) 145 (6%) 2,149 (62%) 930 (56%) 1,282 (37%) 698 (42%) 41 (1%) 25 (1%) 06:19 am : [BRIEFING.COM] S&P futures vs fair value: +4.00. Nasdaq futures vs fair value: +3.80.
06:19 am : Nikkei...8563.38...+6.80...+0.10%. Hang Seng...18666.40...-119.80...-0.60%.
06:19 am : FTSE...5328.75...+62.30...+1.20%.
Wed, May 23, 2012, 10:52PM EDT - U.S. Markets closed
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12,496.15 6.66 (0.05%) 2,850.12 11.04 (0.39%)
1,318.86 2.23 (0.17%)
0.07 4,117,183,000.00 1,950,846,000.00
1,867 (58%) 1,359 (52%) 1,228 (38%) 1,142 (43%) 104 (3%) 129 (5%) 2,557 (62%) 1,112 (57%) 1,456 (35%) 814 (42%) 104 (3%) 24 (1%) 38 77 158 233 4:30 pm : The major market averages fell in excess of 1% as the euro descended to a near two-year low, but support in afternoon action helped the broad market rally out of the red.
The tone ahead of the open was firmly negative as participants responded to renewed weakness abroad – the bourses of Europe had already closed when comments were made on Monday regarding possible plans by Greece to exit the euro. The averages of Asia also had to account for that headline, along with Monday’s announcement that Japan’s long-term debt rating was cut by analysts at Fitch. More recently, the World Bank trimmed its growth forecast for China to a rate slightly above 8%.
Talks today among European leaders about the need for stability were widely credited for helping the euro firm up this morning. The euro even made an incremental gain against the greenback, but eventually sellers renewed their efforts. The ensuing slide sent the euro to less than $1.26, or its lowest level in nearly two years. It eased up from there, but was still down about 0.6% against the greenback at the close of the session.
Energy stocks were a heavy drag on trade for most of the session, down nearly 2% at their lowest level of the day. The sector rallied to a 0.4% gain.
Materials stocks made an even more impressive swing into positive territory. The sector was also down almost 2%, but rallied all the way to a gain of more than 1%.
Wed, May 23, 2012, 11:51AM EDT - U.S. Markets close in 4 hrs 9 mins
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12,337.22 165.59 (1.32%) 2,802.24 36.84 (1.30%) 1,299.81 16.82 (1.28%)
1.72 0.08
1,502,906,500.00 726,852,812.50
571 (18%) 549 (22%) 2,452 (79%) 1,868 (75%) 87 (3%) 86 (3%) 138 (10%) 150 (22%) 1,225 (89%) 520 (77%) 18 (1%) 5 (1%) 26 58 142 205 11:30 am : Stocks have stabilized after suffering from the latest leg lower, but the major averages continue to contend with losses of a little more than 1%. Small and mid-cap stocks are in equally poor shape.
Selling pressure comes in close correlation with a weaker euro, which is now down 0.7% against the dollar. Earlier today the euro actually took an incremental lead against the greenback amid comments from European leaders regarding the need for efforts to stabilize conditions. Some also stated that they were unaware of contingency plans for Greece to exit the euro. DJ30 -152.73 NASDAQ -32.06 SP500 -14.95 NASDAQ Adv/Vol/Dec 585/610 mln/1820 NYSE Adv/Vol/Dec 550/220 mln/2350
11:00 am : The major equity averages are at session lows with losses of 1% or more. Intensified selling has left even the best performing sectors trading with losses of at least 0.7%. Energy, down 1.8%, is still in the worst shape of the 10 major sectors.
Despite the negative breadth, shares of automakers are in strong shape. Shortly before the prior session's close analysts at Moody's raised their credit rating on Ford (F 10.36, +0.17) to Baa3. General Motors (GM 21.64, +0.14) had its rating raised to Ba1. Stable outlooks were maintained on the ratings. Meanwhile, Japanese automakers Toyota (TM 76.42, -0.80) and Honda Motor (HMC 32.15, -0.49) are both down markedly as market participants consider the consequences of a stronger yen, which is up about 1.0% against the greenback today. DJ30 -159.65 NASDAQ -33.43 SP500 -16.33 NASDAQ Adv/Vol/Dec 515/480 mln/1830 NYSE Adv/Vol/Dec 525/175 mln/2355