The 3 Week Diet System

Tuesday, June 9, 2015

Wall Street little changed but crude oil soars over three per cent

June 09:

At the close the Dow was virtually flat at 17,764. The S&P 500 ticked marginally higher to 2080, while the NASDAQ added 0.2% to 5014.

At the close the Dow was virtually flat at 17,764. The S&P 500 ticked marginally higher to 2080, while the NASDAQ added 0.2% to 5014.




Wall Street was little changed on Tuesday as a rally in oil prices lifted energy producers while technology companies continued to drop.

At the close the Dow was virtually flat at 17,764. The S&P 500 ticked marginally higher to 2080, while the NASDAQ added 0.2% to 5014.

Crude oil prices jumped more than 3 percent.

China reported inflation data that suggested the world's second-biggest economy was still struggling, even though Beijing is expected to add more policy stimulus.


Wall Street round-up

Apple (NASDAQ:AAPL), the world’s largest technology company, fell 0.5 percent to $127.15, a day after the launch of its streaming music service, Apple Music, a $9.99-a-month streaming music service that may not differ dramatically from competitors but comes with Apple's deep music roots, global brand and hundreds of millions of iTunes customers.

Atmel (NASDAQ:ATML) rose 0.6 percent to $9.81. Reuters reported that the chipmaker is exploring a possible sale and other strategic alternatives, and that it is working with Qatalyst Partners on those options.

Procter & Gamble (NYSE:PG) advanced 1.6 percent to $78.94 after the consumer products company reportedly received bids from Coty and Germany's Henkel for separate parts of its beauty-related businesses.

Lululemon Athletica (NASDAQ:LULU) gained 9.8 percent to $67.62 after the yogawear maker boosted its full-year outlook and reported first-quarter profit that topped analysts’ estimates.

Campbell Soup (NYSE:CPB) gained 0.6 percent to $46.56 after the world’s largest soup maker said it would acquire Garden Fresh Gourmet Inc. for $231 million.

Quiksilver (NYSE:ZQK) plummeted 31 percent to $0.863 after pulling its outlook for the year as logistics issues led to weaker-than-expected results in the April quarter.

Burlington Stores (NYSE:BURL) tumbled 8.7 percent to $49.62 after the retailer reported weaker-than-expected first quarter revenue and issued a subdued outlook for the current quarter.

General Motors (NYSE:GM) climbed 0.7 percent to $35.23, following a report that Fiat Chrysler Automobiles NV is contacting activists to prod the U.S. car maker into a merger.

Peabody Energy (NYSE:BTU) jumped 6.5 percent to $3.26 as the largest U.S. coal producer announced plans to fire about 250 workers in the coming months and close offices in Indiana and Wyoming amid falling demand and prices for the fossil fuel.

Sage (NASDAQ:SAGE) jumped 14 percent to $85.63 after the drug developer's experimental injectable drug was found effective in treating postpartum depression.


U.S. economic data


The NFIB small-business index, which measures optimism among smaller companies, rose to 98.3 in May, the highest level since December, as six of 10 components improved.

Job openings in April rose to 5.38 million compared with March’s 5.11 million.

U.S. wholesale inventories rose 0.4 percent in April, according to U.S. Commerce Department data released today. This was above expectations of a 0.2 percent gain.

Source: http://www.proactiveinvestors.com.au/companies/news/62827/wall-street-little-changed-but-crude-oil-soars-over-three-per-cent-62827.html?

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