Investing
Closing Bell for Friday on Wall Street: Markets Open Lower, Bounce Around to Mixed Close
Published:
Last Updated:
June 28, 2013: U.S. equity markets opened lower this morning after a few days of stronger openings, mainly because investors were waiting for some economic data. They didn’t have to wait long as the Chicago PMI came in lower than expected and the Thomson Reuters/University of Michigan consumer sentiment index rose slightly. In Europe, French consumer confidence tumbled and German retail sales rose sharply. In Asia, a Chinese official declared that the country’s economy is now under control and the Shanghai exchange responded with its first positive closing in several days.
The U.S. dollar index is trading up 0.31% today, now at 83.1600. The GSCI commodity index is up 0.8% at 615.88. WTI crude oil closed down 0.5% today, at $96.56 a barrel, closing the month up 4.7% and the quarter down about 1%. Brent crude trades up 1.2% at $102.82 a barrel. Natural gas is down 0.2% today at about $3.58 per million BTUs. Gold for August delivery settled up 1% today at $1,223.70, but gold futures posted their worst quarter ever.
The unofficial closing bells put the DJIA down nearly 115 points to 14,909.83 (-0.76%), the NASDAQ rose more than 1 point (0.04%) to 3,403.25, and the S&P 500 fell -0.43% or about 7 points to 1,606.26.
There were a several analyst upgrades and downgrades today, including:
Earnings reports since markets closed last night resulted in some price moves today, including these as of the last half hour of trading:
No earnings releases of note are scheduled before markets open Monday morning.
Some standouts among heavily traded stocks today include:
Noodles & Company (NASDAQ: NDLS) is up 117.1% at $39.28. The fast-casual restaurant chain had its IPO today.
BlackBerry (NASDAQ: BBRY) is down 27.5% at $10.49. The smartphone maker posted miserable earnings this morning and its outlook is no better.
Barrick Gold Corp. (NYSE: ABX) is up 6.5% at $15.82 after posting a new 52-week low of $14.67 earlier today. The gold miner is getting a bounce from investors who apparently believe that gold prices have reached a bottom. We covered this story a couple of days ago.
Stay tuned for Monday. We have noted the following events on the schedule (all times Eastern):
Have a great weekend!
Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.
A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.