Stock Market Today – Alcoa AA and Linkedin LNKD Spotlight

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(Best Syndication News) Most stock markets around the world were lower Friday with several exceptions (see charts below). The Hang Seng, the Bombay, Brazil and Canadian stock exchanges advanced.

The big news for the week was LINKEDIN CORP COM (NYSE:LNKD). The online professional network designed to help members find jobs and connect with other professionals, opened their initial public offering (IPO) at $45 per share. The share price on Thursday hit a high of $122.70 but closed at $94.25. Not a bad opening volley.

On Friday the share price opened at $101.99 but closed at $93.09. Even at that lower price, some analysts believe the stock to be over valued. At $93 a share the company is valued at $8.8 billion (Market Capitalization). Linkedin showed a profit of $15 million last year.

Dow Jones

The Dow Jones Industrial Average (DJIA) index was down 93.28 points (-0.74%) to 12,512.04 (see world market chart below). The index declined 0.66 percent for the week.

The share price of Alcoa Inc. (NYSE:AA) fell 2.46 percent on Friday and 3.90 percent for the week. The stock was down four of the last five days. The company finished the modernization of their Bail Comeau smelter last week.

Alumininum prices fell 1.86 percent last week on the London Metal Exchange (LME). For the month the metal is down 5.27 percent. Last week there was also a report that copper imports surged.

There were only two stocks higher last week. The Walt Disney Company (NYSE:DIS) was up 12 cents (+0.29%) to $41.50 on Friday. Both Kraft Foods Inc. (NYSE:KFT) and Walt Disney were higher for the week.

S&P 500 and Nasdaq

The S&P 500 was down 10.33 points (-0.77%) to 1,333.27 on Friday and the Nasdaq was down 19.99 (-0.71%) to 2,803.32.

All of the S&P 500 sectors were lower on Friday (see sector chart below). Industrials, Health Care, Financials and Info Tech were all lower for the week. The Financial sector hit a 100-day low Friday

By: Dan Wilson

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World Stock Markets:

Friday U.S. Markets 1 Day 1 Day 1 Week 30-Day 100-Day
5/20/2011 Pt Change % Change % Change % Change % Change
12,512.04 Dow Jones Industrial Avg -93.28 -0.74% -0.66% 1.06% 7.21%
1,333.27 S&P 500 -10.33 -0.77% -0.34% 0.67% 4.83%
2,803.32 Nasdaq Composite Index -19.99 -0.71% -0.89% 1.15% 4.15%
Friday World Market Indexes 1 Day 1 Day 1 Week 30-Day 100-Day
20-May-11 Pt Change % Change % Change % Change % Change
138.67 DJ Asian Titans 50 -0.38 -0.27% -1.74% -1.69% -4.73%
2157.58 The Global Dow -15.21 -0.70% -0.91% -2.00% 2.51%
9,607.08 Nikkei 225 Japan -13.74 -0.14% -0.43% -1.16% -6.08%
2,858.38 Shanghai China -1.36 -0.05% -0.47% -5.44% 1.79%
23,199.39 Hang Seng Hong Kong 36.01 0.16% -0.33% -4.54% -1.01%
2618.18 Dow Stoxx - 50 Europe -2.93 -0.11% -0.04% -1.04% 0.59%
2853.98 DJ Euro Stoxx - 50 Europe -36.62 -1.27% -1.40% -4.05% 0.51%
5,948.49 FTSE 100 England -7.50 -0.13% 0.38% -1.73% 0.82%
3,990.85 CAC 40 France -36.89 -0.92% -0.70% -1.18% 2.31%
7,266.82 DAX Germany -91.41 -1.24% -1.84% 0.86% 3.96%
4,732.20 S&P ASX 200 Australia -24.20 -0.51% 0.44% -4.81% -0.27%
18,326.09 BSE Sensex Bombay India 184.69 1.02% -1.11% -4.86% -10.87%
62,596.52 Brazil Bovespa Stock Index 229.16 0.37% -1.01% -8.17% -10.53%
13,652.27 Canada S&P/TSX Comp 27.18 0.20% 2.06% -2.46% 1.56%

Dow Constituents:


Friday Dow Constituents One Day One Day 5-Day 100-Day 100-Day 100-Day
5/20/2011 Name Point Ch. % Change % Change % Change Max Min
16.26 Alcoa Inc. (0.41) -2.46% -3.90% 6.90% 18.13 15.21
43.13 JPMorgan Chase & Co. (0.87) -1.98% 0.58% 2.13% 48 42.23
19.62 General Electric Co (0.34) -1.70% -0.71% 7.86% 21.52 18.19
20.69 Pfizer Inc. (0.34) -1.62% -1.38% 18.30% 21.18 17.49
23.22 Intel Corporation (0.32) -1.36% -1.78% 10.47% 23.88 19.49
52.74 E.I. du Pont (0.69) -1.29% -0.34% 6.14% 56.79 48.12
102.57 Chevron Corporation (1.30) -1.25% 0.91% 11.98% 109.66 90.41
51.19 American Express Co (0.63) -1.22% 2.24% 20.42% 51.82 42.36
93.56 3M Company (1.15) -1.21% -1.99% 8.11% 97.23 86.14
65.69 Johnson & Johnson (0.70) -1.05% -1.02% 6.05% 67.19 57.66
11.58 Bank of America... (0.11) -0.94% -2.36% -12.80% 15.25 11.58
24.49 Microsoft Corporation (0.23) -0.93% -0.33% -12.06% 28.87 24.49
81.57 Exxon Mobil Corp (0.76) -0.92% 1.66% 11.19% 87.98 73.12
104.33 Caterpillar Inc. (0.97) -0.92% -1.66% 11.14% 115.41 92.75
37.05 The Home Depot, Inc. (0.34) -0.91% 0.19% 6.28% 38.48 34.38
62.25 The Travelers Co (0.56) -0.89% -1.10% 12.08% 64.05 53.33
37.06 Merck & Co., Inc. (0.32) -0.86% -0.64% 2.92% 37.58 31.08
16.53 Cisco Systems, Inc. (0.13) -0.78% -0.42% -18.29% 22.05 16.53
87.5 United Technologies... (0.60) -0.68% -1.55% 10.97% 90 78.33
77.52 The Boeing Company (0.50) -0.64% -0.32% 19.24% 79.95 65.01
37.15 Verizon Communication (0.17) -0.46% 0.49% 4.47% 38.61 34.3
35.98 Hewlett-Packard Co (0.15) -0.42% -9.60% -14.86% 48.99 35.98
55.29 Wal-Mart Stores, Inc. (0.19) -0.34% -1.37% 2.26% 57.57 51.37
31.32 AT&T Inc. (0.08) -0.25% 0.84% 6.78% 31.86 27.33
170.16 Intl. Business Machines (0.43) -0.25% 0.77% 16.02% 172.87 146.67
68.3 The Coca-Cola Co (0.16) -0.23% 0.69% 4.27% 68.46 61.6
82.33 McDonald's Corporation (0.18) -0.22% 1.47% 7.26% 82.51 72.67
67.36 The Procter & Gamble... (0.10) -0.15% 0.63% 4.79% 67.46 59.73
41.5 The Walt Disney Co 0.12 0.29% 1.39% 10.73% 44.07 37.48
35.23 Kraft Foods Inc. 0.24 0.69% 2.00% 11.81% 35.23 30.49

S&P Sectors:


Friday Sector Name One-Day One-Week 30-Day 100-Day 100-Day
5/20/2011 % Change % Change % Change % Change Low
553.32 Energy -0.26% 1.67% -6.40% 10.14% 502.36
239.55 Materials -0.99% 0.05% -4.43% 0.39% 230.09
322.79 Industrials -1.00% -0.50% -0.38% 7.08% 300.78
317.93 Consumer Discretionary -0.95% 0.66% 2.95% 7.50% 293.13
332.5 Consumer Staples -0.34% 0.65% 6.48% 9.47% 296.08
416.25 Health Care -0.81% -0.23% 7.86% 13.73% 364.17
211.36 Financials -1.47% -0.22% -4.66% -2.02% 211.36
417.33 Info Tech -0.72% -0.01% 0.43% 2.85% 397.07
135.35 Telecom Svc -0.07% 1.15% 2.38% 5.64% 121.27
172.53 Utilities -0.03% 0.58% 6.19% 7.79% 156.07
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