Symbol | Last | Change |
---|---|---|
Dow | 14,799.40 | 41.08 (0.28%) |
Nasdaq | 3,357.25 | 0.00 (0.00%) |
S&P 500 | 1,592.43 | 4.24 (0.27%) |
10-Yr Bond | 2.51% | 0.10 |
NYSE Volume | 6,446,578,000.00 | |
Nasdaq Volume... | 2,860,524,500.00 |
NYSE | NASDAQ | |
---|---|---|
Advances | 2,031 (49%) | 1,434 (57%) |
Declines | 2,050 (49%) | 975 (39%) |
Unchanged | 104 (2%) | 98 (4%) |
Up Vol* | 2,982 (139%) | 1,381 (48%) |
Down Vol* | 3,352 (156%) | 1,434 (50%) |
Unch. Vol* | 112 (5%) | 46 (2%) |
New Hi's | 68 | 485 |
New Lo's | 488 | 116 |
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Weekly Recap - Week ending 21-Jun-13
Dow +41.08 at 14799.4, Nasdaq -7.39 at 3357.25, S&P +4.24 at 1592.43
The major averages ended on a mixed note as the S&P 500 added 0.3% while Nasdaq shed 0.2%.
Technology stocks lagged from the opening bell with Oracle (ORCL 30.14, -3.07) contributing to the underperformance. Shares of the software company fell 9.3% in reaction to a disappointing earnings report. Other major tech components like Apple (AAPL 413.50, -3.34) and Google (GOOG 880.93, -3.81) also settled in the red. The weakness in large technology shares pressured the Nasdaq, which trailed behind the broader market throughout the day.
Equities received a midday boost off session lows after Jon Hilsenrath of The Wall Street Journal put out a piece suggesting the markets might be misreading the Fed's messages and that there were overlooked dovish signals in Chairman Bernanke's press conference. This gave the S&P some fuel for an afternoon rally.
The second-half climb stalled briefly after yet another headline made the rounds. This time, International Monetary Fund's David Lipton said the withdrawal of Federal Reserve's stimulus is a positive, but there may be a case for central banks and governments to step in if markets become disorderly.
Notably, while the Wall Street Journal story sparked a fire under equities, the Treasury market's response was limited.
Rising Treasury yields have been in focus all week with the climb continuing today. The 10-yr note began selling off prior to the start of the U.S. session and continued sliding to end on its lows. As a result, the benchmark 10-yr yield jumped almost ten basis points to 2.514%, its highest level since August 2011.