EmailStock Market Update
Market Snapshot
| Dow | 12908.86 | -77.65 | (-0.60%) |
| Nasdaq | 3022.22 | -33.33 | (-1.09%) |
| SP 500 | 1376.45 | -11.12 | (-0.80%) |
| 10-yr Note | +19/32 | 1.991 | |
| NYSE | Adv 819 | Dec 2226 | Vol 472.7 mln |
| Nasdaq | Adv 590 | Dec 1886 | Vol 1.10 bln |
Industry Watch
| Strong: Consumer Staples, Utilities |
| Weak: Financials, Technology, Energy |
Moving the Market
 |
China GDP prints 8.1%, misses 8.4% estimate Net borrowing by Spanish banks from the European Central Bank surged to EUR228 billion in March from EUR 152 billion in February Google, JP Morgan Chase, and Wells Fargo all top earnings estimates CPI comes out in-line at 0.3% year over year Michigan Sentiment prints 75.7 (76.1 expected) |
Commodities Trade Mixed for the Week
13-Apr-12 15:30 ET
Dow -77.65
at 12908.86,
Nasdaq -33.33
at 3022.22,
S&P -11.12
at 1376.45
[BRIEFING.COM] Crude oil fell further into negative territory in response to data showing China's economy growing at a weaker than anticipated 8.1% year over year. Apprehensions about slowing demand for oil, lowered U.S. consumer confidence in April, and a stronger dollar put pressure on crude, enough that it settled its session at $102.84 per barrel, or 0.4% lower than last week's closing price. Natural gas remained at its 10-year lows as it closed the last three days' pit trade at $1.98 per MMBtu. Yesterday's stronger-than-expected inventory data that showed a build of 8 bcf when a build of 20 bcf was anticipated was not enough to boost the energy component above that level. Nat gas finished the week 5.3% lower. Precious metals were under pressure in as they traded further into negative territory in response to a stronger dollar. Gold took a large loss as it sold-off to a session low of $1655.10 per ounce just minutes before floor trade closed. Despite today's losses, the yellow metal settled at $1660.00 per ounce, 1.8% higher over last week. Silver saw some volatility as it also trended downwards in pit trade. It closed the week 0.9% lower at $31.42 per ounce. Copper saw the biggest weekly losses after trading at three month lows of $3.61 per pound. The metal lost over 4.7% since last Thursday's close, settling pit trade at $3.62 per pound.
