Stock Market Today – CSCO BAC and HPQ Hit 100-Day Lows

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(Best Syndication News) Stocks were higher throughout most of the world Tuesday, but were declining Wednesday (See charts below). In the United States, markets were higher but declined near closing.

There will be several earnings statements released on Wednesday. Ciena Corporation (NASDAQ:CIEN), Harry Winston Diamond Corporation (TSE:HW), Piedmont Natural Gas Company, Inc. (NYSE:PNY), and Verint Systems Inc. (NASDAQ:VRNT) will release their earnings report.

The Street is expecting $ 0.54 for VRNT earnings per share (eps) and $ 0.67 for PNY. Analysts expect -$ 0.11 for CIEN.

Dow Jones

The Dow Jones Industrial Average fell 19.15 points (-0.16%) to 12,070.81 (see world market chart below). Of the 30 Dow constituents, 14 were lower.

Cisco Systems, Inc. (NASDAQ:CSCO) was the biggest Dow losers (see constituent chart below). The share price was down 0.48 (-3.00%) to $15.51.

The share price of Bank of America Corporation (NYSE:BAC) fell 0.18 (-1.66%) to $10.65. This is a 52-week low for the stock.

The third biggest loser was Hewlett-Packard Company (NYSE:HPQ). The share price fell 0.39 (-1.08%) to $35.57.

All of the Dow constituents were lower for the week (5-business days), with the exception of McDonalds, The Travelers, and Intel.

S&P 500 and Nasdaq

The S&P 500 index fell 1.23 points (-0.10%) to 1,284.94 and the Nasdaq fell 1 point (-0.04%) to 2,701.56.

Not all of the S&P sectors were lower Tuesday (see sector chart below). Materials, Consumer Discretionary, Health Care and Utilities were all higher.

By: Tom Madison
Business Reporter

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World Markets:

Tuesday U.S. Markets 1 Day 1 Day 1 Week 30-Day 100-Day
6/7/2011 Pt Change % Change % Change % Change % Change
12,070.81 Dow Jones Industrial Avg -19.15 -0.16% -3.97% -4.89% 2.08%
1,284.94 S&P 500 -1.23 -0.10% -4.48% -5.22% 0.24%
2,701.56 Nasdaq Composite Index -1.00 -0.04% -4.72% -5.87% -0.87%
Tuesday World Market Indexes 1 Day 1 Day 1 Week 30-Day 100-Day
7-Jun-11 Pt Change % Change % Change % Change % Change
136.73 DJ Asian Titans 50 0.11 0.08% -2.61% -4.96% -6.92%
2112.75 The Global Dow 5.80 0.28% -3.00% -5.53% -1.48%
9,442.95 Nikkei 225 Japan 62.60 0.67% -2.59% -2.57% -10.55%
2,745.52 Shanghai China 17.29 0.63% 0.07% -6.15% -0.50%
22,868.67 Hang Seng Hong Kong -80.89 -0.35% -3.44% -4.29% -6.35%
2537.51 Dow Stoxx - 50 Europe -2.75 -0.11% -3.59% -4.17% -4.82%
2774.5 DJ Euro Stoxx - 50 Europe 9.17 0.33% -3.05% -6.82% -5.32%
5,864.65 FTSE 100 England 1.49 0.03% -2.09% -3.35% -1.88%
3,871.92 CAC 40 France 8.52 0.22% -3.37% -4.81% -2.64%
7,103.25 DAX Germany 18.68 0.26% -2.61% -4.07% 0.29%
4,566.30 S&P ASX 200 Australia -2.80 -0.06% -3.02% -6.29% -5.55%
18,495.62 BSE Sensex Bombay India 75.51 0.41% -0.04% -4.90% -2.54%
63,217.85 Brazil Bovespa Stock Index 150.12 0.24% -2.17% -4.60% -9.76%
13,282.92 Canada S&P/TSX Comp -35.74 -0.27% -3.77% -4.39% -1.16%

Dow Constituents:

Tuesday Dow Constituents One Day One Day 5-Day 30 Day 100-Day
6/7/2011 Name Symbol Point Ch. % Change % Change % Change % Change
15.51 Cisco Systems, Inc. CSCO (0.48) -3.00% -5.31% -11.47% -26.87%
10.65 Bank of America... BAC (0.18) -1.66% -5.25% -12.92% -30.16%
35.57 Hewlett-Packard Co HPQ (0.39) -1.08% -2.89% -12.58% -23.09%
65.5 Johnson & Johnson JNJ (0.55) -0.83% -1.47% 0.85% 4.72%
65.06 The Procter & Gamble... PG (0.44) -0.67% -2.02% 1.93% -0.72%
163.69 Intl. Business Machines IBM (1.06) -0.64% -1.72% -2.85% 9.13%
83.25 United Technologies... UTX (0.46) -0.55% -1.25% -5.25% 5.27%
74.18 The Boeing Company BA (0.40) -0.54% -1.55% -1.81% 5.87%
80 Exxon Mobil Corp XOM (0.29) -0.36% -2.47% -8.49% 2.77%
65.2 The Coca-Cola Co KO (0.22) -0.34% -2.34% -2.58% 3.28%
99.47 Chevron Corporation CVX (0.21) -0.21% -2.95% -8.53% 7.15%
30.31 AT&T Inc. T (0.05) -0.16% -2.76% -2.04% 6.61%
39.35 The Walt Disney Co DIS (0.05) -0.13% -2.60% -7.04% 0.15%
34.04 Kraft Foods Inc. KFT (0.02) -0.06% -1.99% 1.95% 8.62%
20.74 Pfizer Inc. PFE 0.00 0.00% -1.47% 2.72% 13.09%
99.88 Caterpillar Inc. CAT 0.02 0.02% -1.34% -10.77% 6.24%
35.57 Merck & Co., Inc. MRK 0.01 0.03% -1.88% 1.45% 3.91%
18.48 General Electric Co GE 0.02 0.11% -3.40% -8.06% -1.81%
34.33 The Home Depot, Inc. HD 0.04 0.12% -3.02% -7.74% -4.35%
53.83 Wal-Mart Stores, Inc. WMT 0.07 0.13% -0.87% -0.15% -1.79%
24.06 Microsoft Corporation MSFT 0.05 0.21% -1.51% -8.13% -14.98%
48.89 American Express Co AXP 0.11 0.23% -2.04% 3.80% 5.71%
90.85 3M Company MMM 0.23 0.25% -0.65% -5.31% 3.12%
61.23 The Travelers Co TRV 0.17 0.28% 0.05% -0.26% 12.08%
40.72 JPMorgan Chase & Co. JPM 0.19 0.47% -2.49% -9.75% -9.33%
35.38 Verizon Communication VZ 0.17 0.48% -2.45% -5.98% -0.23%
15.69 Alcoa Inc. AA 0.08 0.51% -2.49% -7.87% -1.75%
81.14 McDonald's Corporation MCD 0.44 0.55% 0.20% 5.46% 9.56%
50.29 E.I. du Pont DD 0.44 0.88% -2.48% -8.66% 0.98%
22.06 Intel Corporation INTC 0.23 1.05% 0.27% -1.87% 4.65%

S&P Sectors:

Tuesday Sector Name One-Day One-Week 30-Day 100-Day
6/7/2011 % Change % Change % Change % Change
544.54 Energy -0.12% -2.29% -7.72% 4.70%
235.21 Materials 0.32% -1.79% -6.97% -2.43%
308.59 Industrials -0.09% -1.76% -6.58% -0.05%
303.99 Consumer Discretionary 0.12% -2.45% -3.67% 2.12%
319.71 Consumer Staples -0.21% -2.69% 0.03% 5.27%
404.33 Health Care 0.23% -1.54% 0.81% 8.73%
200.14 Financials -0.19% -2.69% -8.10% -9.68%
403.22 Info Tech -0.37% -2.33% -5.68% -3.97%
130.01 Telecom Svc -0.25% -3.29% -2.23% 3.51%
166.74 Utilities 0.13% -1.33% 0.91% 3.80%
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