Stock Market Today – Southern Copper SCCO Plummets – Bank America BAC Hits 100-Day Low

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(Best Syndication News) Most stock markets around the world were lower Monday with the exception of the London Stock Exchange and Bombay Stock Exchange (see stock charts below). All of the sectors were down with the Energy sector declining the most.

The share price of Southern Copper Corporation (USA) (NYSE:SCCO) fell 3.94 (-11.35%) to $30.78. Gold, silver and copper futures were all higher in New York Monday, but this did not put upward pressure on this stock.

Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) was down 0.14 (-0.28%) to $49.79. Other mining stocks were lower, but none of them declined like Southern Copper.

There are fears that mining operations could be disrupted in Peru. The left-leaning Ollanta Humala claimed victory in the country’s election Sunday. Humala campaigned on higher mining royalties.

Peru has one of the world’s four largest copper reserves, and Southern Copper is the country's largest producer. The company has mines in southern Peru and northern Mexico.

Another smaller producer, Compania de Minas Buenaventura SA (ADR) (NYSE:BVN) was down 14 percent on the political news.

Dow Jones

The Dow Jones Industrial Average fell 61.30 points (-0.50%) to 12,089.96 (see world stock market chart below).

The share price of Bank of America Corporation (NYSE:BAC) hit a 100-day low, falling 0.45 (-3.99%) to $10.83. Signals from Federal Reserve members hint that there may not be a QE3, but banks may be required to set aside more cash reserves.

Bank of America and JPMorgan Chase were the Dow’s biggest losers (see the constituent chart below).

S&P 500 and Nasdaq

The S&P 500 was down 13.99 points (-1.08%) to 1,286.17 and the Nasdaq composite index fell 30.22 points (-1.11%) to 2,702.56.

All of the S&P sectors were lower (see the sector chart below). The energy sector fell 2.03 percent in one day. The financial sector was down 1.99 percent. This was a 100-day low.

By: Dan Wilson

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World Markets:

Monday U.S. Markets 1 Day 1 Day 1 Week 30-Day 100-Day
6/6/2011 Pt Change % Change % Change % Change % Change
12,089.96 Dow Jones Industrial Avg -61.30 -0.50% -2.83% -4.02% 2.13%
1,286.17 S&P 500 -13.99 -1.08% -3.38% -4.53% -0.68%
2,702.56 Nasdaq Composite Index -30.22 -1.11% -3.37% -5.09% -2.29%
Monday World Market Indexes 1 Day 1 Day 1 Week 30-Day 100-Day
6-Jun-11 Pt Change % Change % Change % Change % Change
136.62 DJ Asian Titans 50 -0.49 -0.36% -1.39% -4.33% -7.33%
2106.95 The Global Dow -14.60 -0.69% -1.97% -4.84% -2.50%
9,380.35 Nikkei 225 Japan -111.86 -1.18% -1.31% -1.87% -10.82%
2,728.23 Shanghai China 0.00 0.00% 0.82% -7.18% 0.70%
22,949.56 Hang Seng Hong Kong 0.00 0.00% -1.01% -4.41% -4.99%
2540.26 Dow Stoxx - 50 Europe -15.59 -0.61% -2.84% -3.59% -6.29%
2765.33 DJ Euro Stoxx - 50 Europe -23.78 -0.85% -1.74% -6.43% -6.12%
5,863.16 FTSE 100 England 8.15 0.14% -1.27% -3.40% -3.19%
3,863.40 CAC 40 France -27.28 -0.70% -2.01% -4.50% -3.72%
7,084.57 DAX Germany -24.46 -0.34% -1.06% -3.70% -0.82%
4,569.10 S&P ASX 200 Australia -14.00 -0.31% -2.11% -7.01% -4.85%
18,420.11 BSE Sensex Bombay India 43.63 0.24% 1.03% -5.76% -3.52%
63,067.73 Brazil Bovespa Stock Index -1,272.77 -1.98% -1.39% -6.07% -11.07%
13,318.66 Canada S&P/TSX -199.25 -1.47% -3.69% -4.24% -1.77%

Dow Constituent Table:


Monday Dow Constituents One Day One Day 5-Day 30 Day 100-Day 100-Day
6/6/2011 Name Point Ch. % Change % Change % Change % Change Min
10.83 Bank of America... (0.45) -3.99% -7.83% -12.94% -26.68% 10.83
40.53 JPMorgan Chase & Co. (1.04) -2.50% -6.27% -9.15% -8.82% 40.53
15.61 Alcoa Inc. (0.31) -1.95% -7.14% -7.58% -0.89% 15.61
18.46 General Electric Co (0.36) -1.91% -6.01% -7.19% -0.75% 18.33
99.68 Chevron Corporation (1.32) -1.31% -4.99% -7.21% 8.14% 92.18
99.86 Caterpillar Inc. (1.24) -1.23% -5.61% -8.26% 6.08% 92.75
35.21 Verizon Communication (0.42) -1.18% -4.66% -4.81% -1.65% 34.3
80.29 Exxon Mobil Corp (0.89) -1.10% -3.81% -6.88% 4.67% 76.71
48.78 American Express Co (0.50) -1.01% -5.47% 3.68% 8.26% 42.36
34.29 The Home Depot, Inc. (0.34) -0.98% -5.49% -8.71% -2.78% 34.29
30.36 AT&T Inc. (0.29) -0.95% -3.80% -0.62% 8.12% 27.33
49.85 E.I. du Pont (0.44) -0.87% -6.47% -9.56% 0.93% 48.12
35.56 Merck & Co., Inc. (0.26) -0.73% -3.24% 3.58% 2.51% 31.08
20.74 Pfizer Inc. (0.10) -0.48% -3.31% 2.98% 13.83% 18.15
35.96 Hewlett-Packard Co (0.15) -0.42% -3.80% -11.28% -21.23% 35.81
74.58 The Boeing Company (0.26) -0.35% -4.42% -0.43% 6.80% 67.69
61.06 The Travelers Co (0.12) -0.20% -1.64% -1.17% 11.69% 54.45
164.75 Intl. Business Machines (0.30) -0.18% -2.47% -1.74% 10.70% 148.82
65.42 The Coca-Cola Co (0.11) -0.17% -2.08% -3.42% 3.19% 61.6
15.99 Cisco Systems, Inc. (0.02) -0.12% -4.82% -6.49% -24.15% 15.99
34.06 Kraft Foods Inc. (0.04) -0.12% -2.60% 2.99% 8.33% 30.49
90.62 3M Company (0.08) -0.09% -3.98% -3.72% 2.93% 87.44
66.05 Johnson & Johnson (0.04) -0.06% -1.84% 3.03% 4.99% 57.66
39.4 The Walt Disney Co 0.02 0.05% -5.36% -6.03% 0.36% 38.85
65.5 The Procter & Gamble... 0.07 0.11% -2.24% 3.36% 0.03% 59.73
53.76 Wal-Mart Stores, Inc. 0.10 0.19% -2.64% 0.73% -1.88% 51.37
80.7 McDonald's Corporation 0.16 0.20% -1.03% 4.63% 11.05% 72.67
24.01 Microsoft Corporation 0.10 0.42% -4.00% -6.25% -14.83% 23.91
21.83 Intel Corporation 0.10 0.46% -3.02% -0.50% 2.54% 19.49
83.71 United Technologies... 0.47 0.56% -4.63% -3.27% 5.30% 78.33

S&P Sectors:


Monday Sector Name One-Day One-Week 30-Day 100-Day 100-Day
6/6/2011 % Change % Change % Change % Change Low
545.22 Energy -2.03% -4.43% -6.54% 4.62% 520.08
234.46 Materials -0.94% -5.10% -6.29% -3.53% 230.09
308.87 Industrials -0.77% -4.83% -4.83% 0.11% 304.73
303.62 Consumer Discretionary -0.98% -4.79% -3.54% 1.82% 293.13
320.37 Consumer Staples -0.48% -3.54% 0.81% 5.81% 296.08
403.39 Health Care -0.63% -3.12% 1.69% 7.89% 364.17
200.53 Financials -1.99% -5.89% -7.40% -9.87% 200.53
404.71 Info Tech -0.69% -4.11% -4.61% -3.73% 397.07
130.33 Telecom Svc -0.99% -4.41% -0.56% 4.20% 121.27
166.53 Utilities -0.48% -2.52% 1.64% 3.63% 156.07
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