US open: Stocks down, Yen still strengthening
May 24, 2013
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- Better-than-expected economic data
- Japanese yen strengthens again
- NOAA forecasts active or extremely active hurricane season
Dow Jones Industrials: -0.46%
Nasdaq Composite: -0.82%
S&P 500: -0.58%
The major US equity market averages are now moving moderately lower.
That follows another rambunctious Asian trading session, with investors fixated on whether the Bank of Japan can successfully quell recent volatility in its government bond markets.
The Japanese Yen continued to strengthen and was recently trading hands at 101.06 Yen in its cross versus the US dollar.
The corporate 'news-flow' was quite weak on Friday morning, with weak quarterly results or financial guidance out from a raft of retailers, including several of the country's best known chains, such as Sears, Gap, Abercrombie&Fitch and Salesforce.
Procter&Gamble was an outstanding gainer after the company announced that it is to replace Chief Executive Officer Bob McDonald with his predecessor, A.G. Lafle.
US durable goods orders grew by 3.3% month-on-month in April (Consensus: 1.5%). Orders for non-defence capital goods increased by 1.2% on the month.
Of possible interest, according to the National Oceanic and Atmospheric Administration (NOAA) 2013 Atlantic hurricane season outlook, issued today, this year will see an active or extremely active hurricane season.
Yields on ten year Treasury bonds are now down by 1 basis point, to the 2.01% mark.
Front month West Texas crude futures are now falling by 0.68% to the 93.60 dollar per barrel mark on the NYMEX, as traders react to worries about the outlook for demand.
S&P 500 - Risers
Intuitive Surgical Inc. (ISRG) $503.16 +5.16%
Procter & Gamble Co. (PG) $81.54 +3.61%
Alpha Natural Res (ANR) $7.32 +3.54%
United States Steel Corp. (X) $18.70 +1.08%
Ross Stores Inc. (ROST) $65.78 +1.08%
Advanced Micro Devices Inc. (AMD) $4.05 +1.00%
Cliffs Natural Resources Inc. (CLF) $20.76 +0.68%
Regions Financial Corp. (RF) $9.05 +0.61%
First Solar Inc. (FSLR) $51.89 +0.60%
Target Corp. (TGT) $69.08 +0.60%
S&P 500 - Fallers
Dean Foods Co. (DF) $9.86 -51.69%
Sears Holdings Corp. (SHLD) $48.18 -17.17%
Abercrombie & Fitch Co. (ANF) $49.07 -9.75%
Salesforce.Com Inc. (CRM) $42.11 -7.84%
GameStop Corp. (GME) $33.94 -5.73%
Harley-Davidson Inc. (HOG) $55.33 -2.98%
Forest Laboratories Inc. (FRX) $38.46 -2.71%
Gap Inc. (GPS) $40.28 -2.60%
Newfield Exploration Co (NFX) $24.15 -2.54%
Noble Energy Inc. (NBL) $115.90 -2.40%
Dow Jones I.A - Risers
Procter & Gamble Co. (PG) $81.54 +3.61%
Wal-Mart Stores Inc. (WMT) $76.65 +0.42%
Dow Jones I.A - Fallers
Hewlett-Packard Co. (HPQ) $24.44 -1.69%
Intel Corp. (INTC) $23.66 -1.64%
Merck & Co. Inc. (MRK) $46.68 -1.37%
Pfizer Inc. (PFE) $28.80 -1.06%
Travelers Company Inc. (TRV) $82.66 -1.01%
United Technologies Corp. (UTX) $94.56 -0.97%
Caterpillar Inc. (CAT) $86.11 -0.97%
Walt Disney Co. (DIS) $64.60 -0.97%
Verizon Communications Inc. (VZ) $51.39 -0.96%
E.I. du Pont de Nemours and Co. (DD) $54.84 -0.92%
Nasdaq 100 - Risers
Intuitive Surgical Inc. (ISRG) $503.16 +5.16%
Baidu Inc. (BIDU) $95.38 +1.59%
Ross Stores Inc. (ROST) $65.78 +1.08%
Costco Wholesale Corp. (COST) $113.82 +0.56%
Apple Inc. (AAPL) $444.10 +0.44%
News Corp. Class A (NWSA) $32.98 +0.33%
Gilead Sciences Inc. (GILD) $55.65 +0.31%
BMC Software Inc. (BMC) $45.38 +0.30%
Vodafone Group Plc ADS (VOD) $29.41 +0.16%
Yahoo! Inc. (YHOO) $26.05 +0.12%
Nasdaq 100 - Fallers
Sears Holdings Corp. (SHLD) $48.18 -17.17%
Regeneron Pharmaceuticals Inc. (REGN) $249.03 -2.29%
Expeditors International Of Washington Inc. (EXPD) $39.23 -2.27%
Monster Beverage Corp (MNST) $55.58 -2.06%
Symantec Corp. (SYMC) $22.59 -2.04%
Oracle Corp. (ORCL) $33.59 -1.87%
CH Robinson Worldwide Inc (CHRW) $58.45 -1.75%
Garmin Ltd. (GRMN) $34.76 -1.67%
Intel Corp. (INTC) $23.66 -1.64%
Autodesk Inc. (ADSK) $35.88 -1.59%
AB
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