Stock Market Today – PG WMT and JPM among the biggest losers on the Dow – KFT Winner

alt text

(Best Syndication News) Although stocks advanced today, they were still lower for the week (see stock market charts below). Most stock markets in East Asia were lower but they advanced in Europe and America.

Dow Jones

The Dow Jones Industrial Average (INDEXDJX:.DJI) was up 54.57 points (+0.43%) to 12,638.74 today. For the week, the Dow is down 1.34 percent, but it is still higher for the month and 100-day period. The index was down two days in a row and down three of the last five days.

At the peak today, the Dow did break through yesterday’s R1 resistance level of 12,755.55 (see Dow Technical Data Chart Below). The market was slightly volatile with the day’s range 62.91 percent higher than average. The volume was also higher than the 100-day average.

The 100-day moving closing average was 12,062.38 and the 50-day average is 12,275.00.

Economic News

Low oil prices could improve the economy. Yesterday light sweet crude dropped nearly 10 percent. It was down again on Friday.

Today the Bureau of Labor Statistics released their April unemployment numbers. Although there were 244,000 non-farm jobs added o the payroll, the unemployment rate edged up to 9.0. Previously it was 8.8 percent and economists had expected that number to remain unchanged.

The government said that the unemployment rate is lower for women but higher for Hispanics and teenagers. Asians had the best rate of only 6.6 percent.

Stock Prices

Although most stocks on the Dow Jones Industrial Average were higher Friday, most were still lower for the week (see Dow Constituent Chart below). The biggest losers were Intel and Procter Gamble.

The Procter & Gamble Company (NYSE:PG) share price fell 0.61 (-0.93%) to $65.27. Yesterday the company announced that they will merge Pringles into Diamond Foods.

Wal-Mart Stores, Inc. (NYSE:WMT) fell 0.05 (-0.09%) to $55.02. The largest U.S. company was down for the week but over five percent higher for the month.

JPMorgan Chase & Co. (NYSE:JPM) was down 0.13 (-0.29%) to $45.04. There was a report that the banking institution doubled their commodities holding in the first quarter.

The share price for Kraft Foods Inc. (NYSE:KFT) jumped 0.69 (2.07%) to $34.08. In after-hours trading the stock price fell. First quarter revenues surged 11.1 percent to $12.6 billion. Last year the revenue was $11.3 billion for the same period.

By: Dan Wilson

Click here for Stock Prices Today

Click here for Forex Currency Exchange Rates Today

Click here for Commodity Prices Today

U.S. Markets:

Friday U.S. Markets 1 Day 1 Day 1 Week 30-Day 100-Day
5/6/2011 Pt Change % Change % Change % Change % Change
12,638.74 Dow Jones Industrial Avg 54.57 0.43% -1.34% 3.61% 10.11%
1,340.20 S&P 500 5.10 0.38% -1.72% 2.29% 7.47%
2,827.56 Nasdaq Composite Index 12.84 0.46% -1.60% 3.55% 6.72%

Dow Jones Constituents:

Friday Dow Constituents One Day One Day 5-Day 30 Day 100-Day
5/6/2011 Name Symbol Point Ch. % Change % Change % Change % Change
23.25 Intel Corporation INTC (0.36) -1.52% 1.48% 14.14% 9.26%
65.27 The Procter & Gamble... PG (0.61) -0.93% 0.14% 7.21% 2.56%
45.04 JPMorgan Chase & Co. JPM (0.13) -0.29% -0.31% -1.79% 12.01%
55.02 Wal-Mart Stores, Inc. WMT (0.05) -0.09% -0.04% 5.10% 1.46%
36.99 The Home Depot, Inc. HD (0.02) -0.05% -0.96% -1.15% 6.32%
40.81 Hewlett-Packard Co HPQ 0.01 0.02% 1.82% -4.04% -1.02%
12.31 Bank of America... BAC 0.01 0.08% -0.24% -7.72% 0.16%
82.69 Exxon Mobil Corp XOM 0.07 0.08% -4.92% -1.11% 15.09%
78.7 McDonald's Corporation MCD 0.10 0.13% 0.08% 4.58% 2.23%
31.26 AT&T Inc. T 0.04 0.13% 0.16% 8.35% 7.31%
102.88 Chevron Corporation CVX 0.26 0.25% -4.90% -3.65% 16.90%
168.89 Intl. Business Machines IBM 0.43 0.26% -1.89% 4.14% 16.70%
66.9 The Coca-Cola Co KO 0.20 0.30% -1.21% 2.58% 3.34%
25.87 Microsoft Corporation MSFT 0.08 0.31% 0.82% 0.98% -7.11%
36.39 Merck & Co., Inc. MRK 0.14 0.39% 0.22% 11.73% -0.74%
65.27 Johnson & Johnson JNJ 0.26 0.40% -1.42% 10.66% 4.32%
37.28 Verizon Communication VZ 0.16 0.43% -0.75% -0.03% 7.65%
17.56 Cisco Systems, Inc. CSCO 0.08 0.46% -0.11% 1.62% -9.81%
20.01 General Electric Co GE 0.11 0.55% -2.29% 1.32% 14.41%
63.43 The Travelers Co TRV 0.43 0.68% -0.14% 7.54% 15.01%
95.6 3M Company MMM 0.68 0.72% -1.36% 3.61% 11.41%
89.21 United Technologies... UTX 0.68 0.77% -0.88% 6.81% 13.00%
20.55 Pfizer Inc. PFE 0.16 0.78% -2.24% 0.98% 20.32%
17.15 Alcoa Inc. AA 0.14 0.82% -0.41% 0.35% 22.85%
43.06 The Walt Disney Co DIS 0.37 0.87% -0.49% 0.21% 16.54%
110.34 Caterpillar Inc. CAT 0.95 0.87% -3.52% 1.15% 18.49%
79.31 The Boeing Company BA 0.86 1.10% -0.28% 8.14% 23.46%
50.2 American Express Co AXP 0.68 1.37% 1.11% 10.11% 8.85%
54.63 E.I. du Pont DD 0.76 1.41% -2.78% 0.98% 10.95%
34.08 Kraft Foods Inc. KFT 0.69 2.07% 0.86% 9.02% 8.26%

Dow Technical Data:

Dow Technical Data
Friday, May 06, 2011 Value Support and Resistance
Dow Value - Close Today 12,638.74 Yesterday Close 12,584.17
Point Change Today 54.57 Support/Res Today
% Change Today 0.43% S3 12,281.07
Today's Open 12,580.76 S2 12,460.37
Today's Low 12,579.93 S1 12,520.10
Today's High 12,759.23 Pivot Pt 12,639.67
Today's Range (High - Low) 179.30 R1 12,699.40
Average Daily Range 100 Days 110.06 R2 12,818.97
% Today Daily Range w/ Average Range 62.91% R3 12,998.27
100 Day Low 11,457.47
100 Day High 12,810.54 Support/ Res Yesterday
Today's Volume * 168,269,606 S3 12,231.86
Average 100 Day Volume * 167,545,770 S2 12,435.14
% of Today Daily Vol. w/ Average Volume 0.43% S1 12,552.27
Point Change MTD (168.62) Pivot Pt 12,638.42
% Change Month To Date (MTD) -1.32% R1 12,755.55
Point Change YTD 963.98 R2 12,841.70
% Change Year To Date (YTD) 8.26% R3 13,044.98
Best Syndication Today Volatility BSNVX1 0.27% 13,019.71
Average Volatility Last 100 Days BSNVX1 -2% Moving Averages
Best Syndication Today Volatility BSNVX2 63% 50 Day Moving 12,275.00
Average Volatility Last 100 Days BSNVX2 1% 100 Day Moving 12,062.38
* Volume reflects weighted average
Share/Save/Bookmark

      

Post to Facebook

Important: The material on Best Syndication is for informational purposes only and is not meant to be advice. Authors may have or will receive monetary compensation from the company's product/s mentioned. You should always seek professional advice before making any legal, financial or medical decisions and this website cannot substitute or replace any trained professional consultation.
Use of this site means that you agree to our TERMS OF SERVICE

Advertise On This Site
Copyright © 2006-2015 By Best Syndication All Rights Reserved