DJIA Market Close for Wednesday, May 16, 2012

The Dow closed down -33.45 (-0.26%) at 12,598.55. The S&P 500, Nasdaq and Russell 2000 were all down.

There were 13 lucky Dow stocks in the winners column today led by GE (+3.26%), PFE, MRK, CSCO and PG.

Dow losers (17 of them) were led by BAC (-2.60%), AA, JPM, INTC and HPQ.

At this hour, futures are up.

Stocks closed at three-month lows Tuesday as the eurozone debt crisis continues to weigh on the markets.

Tomorrow before the market open, Wal-Mart (WMT) reports earnings.

The Fed released the minutes from the April meeting of the Federal Open Market Committee in which several members indicated that additional monetary policy accommodation could be necessary if the economic recovery lost momentum or the downside risks to the forecast became great enough.

Today the FBI director said that the agency had opened an investigation into JPMorgan Chase (JPM), the nation’s largest bank, a week after the bank disclosed a $2 billion trading loss.

Oil for June delivery dropped $1.17 to $92.81 a barrel, the lowest since November.

Gold futures for June delivery fell $20.50 to settle at $1,536.60 an ounce, it’s lowest since last July.

The price on the benchmark 10-year U.S. Treasury rose, pushing the yield down to 1.76% from 1.79% late Tuesday.

Tomorrow before the open, notable stocks expected to report earnings include AAP, ALKS, BONT, BKE, CATO, PLCE, CSC, DANG, DLTR, GME, GSOL, NM, PERY, PCP, PBH, QSII, ROST, SHLD, SMRT, TK, TNK, TSEM, and WMT.

Both comments and pings are currently closed.

Comments are closed.


Warning: Invalid argument supplied for foreach() in /home/customer/www/dow-jones-djia.com/public_html/wp-includes/script-loader.php on line 2740