Stock Market Today, Investment News and Hot Stocks
Kulicke & Soffa Industries Inc. (NASDAQ:KLIC) closed Wednesday down 1.02% at $11.70. KLIC traded 882 thousand shares yesterday, above its daily average of 817 thousand shares. Barry Waite (Director) sold 3,000 shares at $12.04 on May 7.
The Kroger Co. (NYSE:KR) closed Wednesday down 0.48% at $22.80. KR traded 3.8 million shares yesterday and trades 5.2 million shares a day on average. Geoffrey Covert (Senior Vice President) sold 40,000 shares at $23.07 on May 7. [Read more...]
The ADP report couldn’t save stocks yesterday. European concerns that were shrugged off last week came back with a vengeance. The anemic Spanish bond auction sent the broader market reeling. The ISM services miss also did not help the cause of the bulls and sent the bears stampeding through the major indices.
While growth concerns are creeping back into the market, the focus will be on the jobs report. If labor strength continues, the US markets could end up decoupling from European markets and continue higher.
The Dow closed down 125 points yesterday. The Nasdaq and S&P 500 both closed down 45 and 14 respectively. [Read more...]
If traders were looking for a sign of QE3 yesterday they were sorely disappointed. The release of the FOMC minutes showed that the Fed would exercise caution in regards to further easing. The release of minutes sent the precious metals market tumbling and snapped the Dow’s three-day winning streak.
The Dow closed down 65 points to 13,200. Tech stocks fared better with the Nasdaq only down 6 points at the close, and the S&P matched those declines.
Opko Health, Inc. (NYSE:OPK) closed Tuesday down 1.03% at $4.81. OPK saw above average volume today with over 2 million shares traded. Phillip Frost (CEO & Chairman) bought 45,000 shares at $4.68 on April 2. [Read more...]
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