Stock Market Today – Investors Spooked by bad economic news - MCD only Dow gainer

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(Best Syndication News) Stocks were lower today in Asia and Europe, but continued to fall in America on bad economic news (see charts below).

World Markets

Markets in Asia are opening lower again on Tuesday after a discouraging run on Monday. The Brazil Bovespa stock index hit a 100-day low on Monday; while markets in North America were either lower or closed for the day (see world market charts below).

The HSBC flash Manufacturing Purchasing Managers' Index (PMI) found that manufacturing has slowed in China. “The flash Manufacturing PMI reading remained flat in April, confirming that manufacturing sector growth has stabilized at a steady pace”, the report stated. New orders and employment were expanding at a faster rate but output and backlogs were slowing.

The Nikkei 225 closed down 146 points (-1.52%) to 9,460.63. The Shanghai and Hang Seng indexes were also lower. Stock prices sank through Europe and when markets opened in the United States, investors were rattled by more unwelcome news.

The Chicago Federal Reserve Bank said that economic activity weakened in April. This did not boost shareholder confidence.

Dow Jones

The Dow Jones Industrial Average fell 130.78 points (-1.05%) to 12,381.26 on Monday. Only one Dow constituent was higher (see Dow constituent chart below).

The share price of McDonald's Corporation (NYSE:MCD) climbed 0.17 (0.21%) to $82.50. The company said they were going to speed up growth in China. They will also be upgrading their website in an effort to improve sales.

S&P Sectors

The S&P 500 Index fell 15.90 points (-1.19%) to 1,317.37 Monday.

All S&P sectors were lower with Financials hitting another 100-day low (see sector chart below). The Energy sector was down 1.48 percent, Info Tech was down 1.51 percent and the financial sector was down 1.33 percent. Industrials and utilities were both off more than one percent today.

By: Dan Wilson

Image: Big Mac Combo by Toddst2

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World Markets:

Monday U.S. Markets 1 Day 1 Day 1 Week 30-Day 100-Day
5/23/2011 Pt Change % Change % Change % Change % Change
12,381.26 Dow Jones Industrial Avg -130.78 -1.05% -1.33% 0.96% 5.90%
1,317.37 S&P 500 -15.90 -1.19% -0.91% 0.24% 3.71%
2,758.90 Nasdaq Composite Index -44.42 -1.58% -0.84% 0.51% 2.90%
Monday World Market Indexes 1 Day 1 Day 1 Week 30-Day 100-Day
23-May-11 Pt Change % Change % Change % Change % Change
135.84 DJ Asian Titans 50 -2.83 -2.04% -2.25% -3.73% -6.86%
2116.23 The Global Dow -41.35 -1.92% -2.28% -3.11% 0.16%
9,460.63 Nikkei 225 Japan -146.45 -1.52% -1.02% -0.99% -9.02%
2,775.52 Shanghai China -82.86 -2.90% -2.61% -8.20% -2.70%
22,711.02 Hang Seng Hong Kong -488.37 -2.11% -1.09% -5.28% -4.05%
2575.75 Dow Stoxx - 50 Europe -42.43 -1.62% -1.65% -0.98% -2.14%
2794.26 DJ Euro Stoxx - 50 Europe -59.72 -2.09% -3.02% -4.71% -1.75%
5,835.89 FTSE 100 England -112.60 -1.89% -1.48% -2.16% -2.96%
3,906.98 CAC 40 France -83.87 -2.10% -2.08% -1.75% -0.23%
7,121.52 DAX Germany -145.30 -2.00% -3.60% 0.26% 2.10%
4,643.00 S&P ASX 200 Australia -89.20 -1.88% -0.15% -5.22% -2.10%
17,993.33 BSE Sensex Bombay India -332.76 -1.82% -1.92% -6.59% -12.22%
62,345.18 Brazil Bovespa Stock Index -251.34 -0.40% -0.77% -6.80% -11.34%
13,652.27 Canada S&P/TSX  index 0.00 0.00% 1.95% -1.08% 1.87%

S&P Sectors:

Monday Sector Name One-Day One-Week 30-Day 100-Day
5/23/2011 % Change % Change % Change % Change
545.14 Energy -1.48% 0.33% -6.05% 7.65%
237.19 Materials -0.99% 0.15% -4.20% -0.97%
318.4 Industrials -1.36% -0.59% -1.64% 5.67%
314.95 Consumer Discretionary -0.94% -0.42% 2.06% 6.23%
330.23 Consumer Staples -0.68% -0.31% 5.16% 8.73%
412.17 Health Care -0.98% -1.24% 6.30% 12.55%
208.55 Financials -1.33% -2.25% -5.88% -3.04%
411.01 Info Tech -1.51% -1.36% -0.93% 1.19%
134.47 Telecom Svc -0.65% 0.19% 1.74% 4.86%
170.47 Utilities -1.19% -1.35% 6.37% 6.78%

Dow Constituents:


Monday Dow Constituents One Day One Day 5-Day 100-Day 100-Day
5/23/2011 Name Symbol Point Ch. % Change % Change % Change Min
101.89 Caterpillar Inc. CAT (2.44) -2.34% -0.19% 8.79% 92.75
51.6 E.I. du Pont DD (1.14) -2.16% -1.34% 3.45% 48.12
15.98 Alcoa Inc. AA (0.28) -1.72% -2.86% 3.83% 15.39
86.09 United Technologies... UTX (1.41) -1.61% -1.97% 9.36% 78.33
76.28 The Boeing Company BA (1.24) -1.60% -0.52% 16.89% 65.26
22.86 Intel Corporation INTC (0.36) -1.55% -2.93% 8.70% 19.49
11.42 Bank of America... BAC (0.16) -1.38% -4.03% -14.39% 11.42
42.55 JPMorgan Chase & Co. JPM (0.58) -1.34% -2.88% 0.31% 42.42
24.17 Microsoft Corporation MSFT (0.32) -1.31% -1.43% -13.40% 24.17
61.44 The Travelers Co TRV (0.81) -1.30% -1.81% 10.29% 53.33
67.49 The Coca-Cola Co KO (0.81) -1.19% -0.74% 2.62% 61.6
19.39 General Electric Co GE (0.23) -1.17% -1.02% 6.01% 18.28
101.37 Chevron Corporation CVX (1.20) -1.17% 0.96% 11.09% 90.41
92.49 3M Company MMM (1.07) -1.14% -1.46% 7.17% 86.14
168.26 Intl. Business Machines IBM (1.90) -1.12% -1.31% 14.65% 146.76
80.67 Exxon Mobil Corp XOM (0.90) -1.10% 0.32% 10.33% 73.12
16.35 Cisco Systems, Inc. CSCO (0.18) -1.09% -1.74% -19.18% 16.35
41.16 The Walt Disney Co DIS (0.34) -0.82% 0.37% 9.73% 37.51
36.85 Verizon Communication VZ (0.30) -0.81% -0.70% 2.99% 34.3
31.08 AT&T Inc. T (0.24) -0.77% -0.13% 5.79% 27.33
34.98 Kraft Foods Inc. KFT (0.25) -0.71% 0.43% 11.01% 30.49
36.82 The Home Depot, Inc. HD (0.23) -0.62% -1.55% 5.02% 34.38
20.59 Pfizer Inc. PFE (0.10) -0.48% -2.60% 17.59% 17.51
35.81 Hewlett-Packard Co HPQ (0.17) -0.47% -2.98% -14.94% 35.81
67.05 The Procter & Gamble... PG (0.31) -0.46% -0.55% 4.23% 59.73
36.9 Merck & Co., Inc. MRK (0.16) -0.43% -0.99% 2.39% 31.08
65.56 Johnson & Johnson JNJ (0.13) -0.20% -1.27% 6.00% 57.66
51.12 American Express Co AXP (0.07) -0.14% 0.71% 19.11% 42.36
55.22 Wal-Mart Stores, Inc. WMT (0.07) -0.13% -0.58% 2.39% 51.37
82.5 McDonald's Corporation MCD 0.17 0.21% 1.94% 7.48% 72.67
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