We have updated our privacy policy and terms & conditions. Find out more here.
4
 

U.S. Stocks fluctuate by midday, while eyes on Bernanke's speech...

By ecPulseFinancial NewsJun 22, 2011 05:28PM GMT Add a Comment
 
AA
+
-

U.S Stocks fluctuated reaching midday trading, after a four-day rally for the standard and Poor’s 500 Index, as Federal Reserve said it will end its $600 billion bond repurchasing program while maintaining record monetary stimulus.

U.S. Stocks fluctuate by midday, while eyes on Bernanke's speech...

Having in mind the Federal Open Market Committee decided an hour ago to keep benchmark rate unchanged between 0.00% - 0.25% also while the Fed cited the economic recovery is continuing at a moderate pace yet slower than expected.

Now, JPMorgan & Chase Co inclined 1.0 percent, after the company agreed to pay $200 million in settlement to defraud investors.

Adobe Systems Inc, the largest maker of graphic–design software, plummeted 5.25 percent after forecasting profit that fell short of economists’ estimates.

FedEx Corp, the operator of the biggest cargo airline, added 3.35 percent after forecasting earnings that may top analysts’ estimates as global shipping demand climbs.

Cree Inc slipped 2.07 percent, after Phillips electronics NV said it need to deepen cost-cutting top combat deteriorating demand for lighting and consumer electrical goods.

Moreover, CarMax Inc soared 8.26 percent as reporting first-quarter revenue of $2.68 billion, beating analysts’ estimates of $2.54 billion

The Dollar index which measures the performance of the U.S. dollar against a basket of currencies including the Euro, the Pound, and the Yen, fell from today's opening level of 74.76 to currently trade at 74.60 recording its highest level at 74.87 and its lowest at 74.50.

Gold prices hiked to reach $1553.80 per ounce up from the opening price of $1545.02. Oil surged to reach $94.99 after opening at $93.85 per barrel.

The worst performing sectors within the Dow were the Consumer Services shares next to Health Care and Telecommunications shares. The S&P 500's best performing sectors were Financials, Oil & Gas and Industrials shares.

The Dow Jones Industrial Average traded lower by 2.65 points or 0.02 percent at 13:03 New York time reaching 12187.36 levels, The S&P 500 rose 0.84 points or 0.06 percent reaching 1296.36 points. The NASDAQ Composite rose 1.42 points or 0.05 percent reaching 2688.68 points.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Related Articles

U.S stocks closed the week in green…
By 
ecPulse
 - Sep 23, 2011
EU shares close the week in green…
By 
ecPulse
 - Sep 23, 2011
US shares open in red…
By 
ecPulse
 - Sep 23, 2011

Add a Comment

 

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

NQ 100
 
 
 
Are you sure you want to delete this chart?
 
 
 
Are you sure you want to delete this chart?
 
 
 

Successfully Reported

Thank you. This comment has been flagged for a moderator.
_touchLoadingMsg