Wednesday, May 22, 2013

It's The Economy Stupid: Market Close

Reversal of fortune.  Looks like all of the indices are down today.   But most of them are up from their lows on the day. A key reversal?  Or an intraday reversal of a reversal?  At one point the Dow was up +150 points, was down as much as -121 points and closed down -80 points.  One day does not a trend make.  But that’s still a whole lot of red…

 

The Bernanke opened the door a bit wider to tapering down the QE asset purchases.  Under questioning Mr. Bernanke said the Fed could prepare to “take a step down” in the next few meetings if the outlook for the labor market improved.

 

So perhaps the market realized that the easy money favoring risk based assets (stocks) has an expiration date after all.

 

Description

Ticker

Last

CHANGE

% Chg Today

Pct Chg 1Yr

 

 

 

 

 

 

STOCK MARKETS

 

 

 

 

 

Dow Jones Industrial Average

INDU Index

15307.170

-80.4100

-0.5226

22.2481

S&P 500 Index

SPX Index

1655.350

-13.8100

-0.8274

25.3756

S&P 400 Mid Cap Index

MID Index

1193.730

-21.1600

-1.7417

28.2723

S&P 600 Small Cap Index

SML Index

466.570

-2.3100

-0.4900

31.4207

NASDAQ 100 Index

NDX Index

2999.127

-27.3240

-0.9028

17.7951

NASDAQ Composite Index

CCMP Index

3463.299

-38.8250

-1.1086

21.6728

Russell 3000 Index

RAY Index

982.910

-9.6000

-0.9672

26.0878

Russell 1000 Index (Large Cap)

RIY Index

917.650

-8.4300

-0.9103

25.8479

Russell 2000 Index (Small Cap)

RTY Index

982.260

-16.5200

-1.6540

29.0497

Wilshire 5000 Total Market

W5000 Index

17451.110

-173.3000

-0.9833

26.1916

TREASURIES

% Yield

 

 

 

 

3 Month Treasury

0.0406

 

0.0000

0.0000

 

6 Month Treasury

0.0811

 

0.0000

0.0000

 

2 Year Treasury

0.2463

99.766

-0.0234

-0.0235

 

5 Year Treasury

0.8924

98.711

-0.3516

-0.3549

 

10 Year Treasury

2.0315

97.484

-0.9219

-0.9368

 

30 Year Treasury

3.2161

93.531

-1.5156

-1.5946

 

ENERGY

 

 

 

 

 

Crude Oil, Brent Index

Brent Crude

102.440

-1.4700

-1.4147

-0.9579

Crude Oil, Louisiana Lt. Sweet

LA Lt Sweet

103.970

-1.6700

-1.5808

-1.0400

Natural Gas, Henry Hub Index

Nat Gas

4.182

-0.0100

-0.2386

17.5000

PRECIOUS METALS

 

 

 

 

 

Spot Gold $/oz

GOLD

1365.140

-11.2300

-0.8159

-12.9283

Spot Silver $/oz

SILVER

22.264

-0.1870

-0.8329

-20.6830

CURRENCIES

 

 

 

 

 

Euro

EUR Curncy

0.778

0.0032

0.4130

-1.3318

Japanese Yen

JPY Curncy

102.980

0.5000

0.4879

-22.2179

British Pound

GBP Curncy

0.664

0.0045

0.6819

4.7439

Swiss Franc

CHF Curncy

0.978

0.0079

0.8143

-3.1199

Canadian Dollar

CAD Curncy

1.037

0.0100

0.9739

-1.6099

Chinese Renminbi

CNY Curncy

6.131

-0.0045

-0.0733

3.0794

FOREIGN INDICIES

 

 

 

 

 

FTSE 100 INDEX

UK

6840.270

36.4000

0.5350

26.5948

CAC 40 INDEX

FRANCE

4051.110

14.9300

0.3699

31.3551

DAX INDEX

GERMANY

8530.890

58.6900

0.6927

32.5578

NIKKEI 225 INDEX

JAPAN

15627.260

246.2400

1.6009

82.6340

HANG SENG INDEX

HONG KONG

23261.080

-105.2900

-0.4506

23.8201

 

 

 

 

 

 

 

 

 

 

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