Stock Market Today, Investment News and Hot Stocks
Stocks closed Wednesday up thanks to better than expected economic data in the U.S. Durable goods orders saw a more than 1% jump in May and pending home sales climbed nearly 6% in May.
Investors continue to cautiously invest as Europe continues to bring a lot of uncertainty into the markets. The Dow closed up 92 points today, the Nasdaq closed up 21 points and the S&P 500 closed up 11 points. [Read more...]
The market began the day down a good bit, but is trying to turn higher heading into midday trading. Europe continues to be the main source of uncertainty with investors shifting their attention from Greece to Spain following Greece’s weekend elections. While the elections in Greece did bring a bit of good news, it doesn’t actually solve any of the problems the eurozone has. Sign Up For Free Stock Alerts
This week will be packed with economic news as the G20 is meeting in Mexico and the Fed begins a two day meeting on Tuesday. Many investors and analysts will be looking for some kind of stimulus from the Fed following their meeting.
Stocks are currently mixed right now with the Dow down 34 points, the Nasdaq up 6 points and the S&P 500 down 2 points. [Read more...]
International Game Technology (NYSE:IGT) is up 5.90% today at $14.00. IGT has traded 14 thousand shares so far today and trades 3.5 million shares a day on average. IGT shares are jumping today as the company announces $1 billion share repurchase plan. The company has a market cap of 3.90 billion. Sign Up For Free Stock Alerts
Osiris Therapeutics, Inc. (NASDAQ:OSIR) is up 5.37% today at $7.45. OSIR trades on 162 thousand shares a day on average. OSIR shares received second approval for life-saving stem cell drug today and Prochymal granted marketing consent by New Zealand. The company has a market cap of 232.26 million. [Read more...]
So much for the housing recovery. If Europe was not enough of a concern, the pending home sales index is sure to give investors pause. An index of pending home sales saw its first drop in four months, deepening the already dark mood that is pervasive on the street today.
Internationally, the mood is especially dark as Spanish bond yields reach unsustainable levels. A plan is being floated to allow the permanent rescue fund to directly recapitalize ailing EU banks. Currently the fund can only lend out the money to the member states who can then bail out ailing banks. This would make the process more streamlined. Sign Up For Free Alerts
Another part of the proposal is common EU bonds, which Germany is strongly against. As the strongest economy in the EU, they do not want to be set up to foot the bill of ailing member states.
A current snapshot of market has the Dow down 151, the Nasdaq 42 and the S&P 18. [Read more...]
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