Yields for Italy, Spain, France, and Germany …
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Here is today’s action in the ETF world:
Gainers: SOXL, UMDD, PEK, MIDU, XPP
Losers: UVXY, SOXS, MIDZ, SMDD, SSG
Most Heavily Shorted: XRT, RTH, FXE, XOP, FXY
Discounted to NAV: EGRW, QQQV, QQQM, SZR, JFY
Top Performers: SVXY, ITB, BIB, RETL, CURE
Most widely held stocks by ETFs: $CHL, $LFC, $MSFT, $TSM, $FSX
Comments »U.S. equities opened higher to find itself in the red by lunch time. By the close the markets made a comeback to go green and essentially close flat on the day.
Trading took place on a wait and see basis as to whether technological connectivity would allow for normal trade.
The DOW closed down 10 @ 13,097
S&P up .23 @ 1,412
NASDAQ down 10 @ 2,977
WTI up $0.49 @ $86.18
Gold up $13 @ $1,721.7
Just for fun i thought a positive song for America was in classic fashion given our “disaster.”
[youtube://http://www.youtube.com/watch?v=w8i500NGJsw 450 300] Comments »
“European (SXXP) stocks climbed, heading for a fifth straight month of gains, as Air France-KLM (AF) Group and Deutsche Lufthansa AG (LHA) posted earnings that beat estimates. U.S. index futures and Asian shares also advanced.
Air France-KLM and Lufthansa, Europe’s two largest airlines, both rallied at least 7 percent.ArcelorMittal (MT) declined 4.8 percent after the world’s biggest steelmaker posted its lowest quarterly profit in almost three years. BG Group Plc (BG/) sank 17 percent after it forecast production growth that disappointed investors.”
Comments »“Stocks Historically Move Little Day after Emergency Closures..
If history is any guide, stocks won’t change much when the exchanges re-open, now scheduled for Wednesday.
CNBC compiled a chart of the last 13 emergency-related market closures going back to 1945. On the day that the market re-opened, the Standard & Poor’s 500 inched down an average of 0.05 percent, and the Dow Jones Industrial Average eased 0.17 percent.
If the markets match that average when they re-open now, the S&P 500, currently 1,411.94, would shed less than a point. And the Dow, now 13,107.2, would fall 22 points.”
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No disrespect to those harmed by Sandy, but it is time to get back to biz in the world of equities tomorrow….
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“European stocks rose as companies from BP Plc (BP/) to Deutsche Bank AG (DBK) reported earnings that topped estimates. Asian shares and U.S. futures were little changed as Hurricane Sandy closed New York markets for a second day.
BP, Europe’s second-biggest oil company, gained 5 percent and Deutsche Bank, Germany’s largest lender, advanced 3.8 percent. UBS (UBSN) AG, Switzerland’s biggest bank, jumped to a 15- month high after raising a profitability goal. Danske Bank (DANSKE) A/S tumbled 6.8 percent on plans to sell new shares.”
Comments »“Most Asian stocks fell after the Bank of Japan’s expansion of its asset-purchase program failed to allay concern economic growth in the world’s third-largest economy is waning. Hurricane Sandy forced U.S. markets to shut for a second day.”
Comments »U.S. futures are in the red, but traders will not get to trade outside of futures in the premarket. Hurricane Sandy will shrink the gonads of men temporarily as transportation is closed.
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