Stock Market Today – Bank of America BAC and JPMorgan Chase JPM hit 100-day Lows

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(Best Syndication News) Most stock markets in the United States were lower again today, with the Dow down six days in a row (see stock market charts below). Markets around the world were lower with the exception of the Tokyo Stock Exchange and Shanghai Stock Exchange. The Canada S&P/TSX composite index hit a 100-day low Wednesday.

Dow Jones

The Dow Jones Industrial Average (DJIA) fell 21.87 points (-0.18%) to 12,048.94. Over the last five days the Dow is down 5.6 percent (see world market chart below). Volume was lower than average and so was the daily range. Volatility was low.

Of the 30 Dow constituents, only 12 were higher Wednesday (see Dow constituent chart below). Six of the constituents are at 100-day lows.

Although Bank of America Corporation (NYSE:BAC) fell 0.11 (-1.03%) to $10.54 during regular trading, the share price is 0.28 percent higher in after-hours. The stock has been lower four days in a row and is down 6.64 percent over the last 5-days. The 100-day trend is 30 percent lower.

Financial stocks have been taking a beating. JPMorgan Chase & Co. (NYSE:JPM) fell 0.33 (-0.81%) to $40.39. In after-hours the share price is slightly higher. A Baron’s report suggested that reduced trading revenue and investment gains could hamper a second quarter 2011 eps estimate for banks.

S&P 500 and Nasdaq

The S&P 500 was down 5.38 points (-0.42%) to 1,279.56 and the Nasdaq was down 26.18 points (-0.97%) to 2,675.38. Over the last 100-days the Dow advanced but the S&P 500 and Nasdaq declined.

The energy sector was up 0.42 percent today followed by telecom services, up 0.18 percent. Five of the S&P sectors were higher and five were lower. The Financial sector was down 0.94 Wednesday, but over the last 100-days that sector is down 12.05 percent. It is by far the worst performing sector.

See the sector chart below for more details.

By: Dan Wilson

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World Stock Markets:

Wednesday U.S. Markets 1 Day 1 Day 1 Week 30-Day 100-Day
6/8/2011 Pt Change % Change % Change % Change % Change
12,048.94 Dow Jones Industrial Avg -21.87 -0.18% -1.96% -5.60% 1.91%
1,279.56 S&P 500 -5.38 -0.42% -2.66% -5.95% -0.05%
2,675.38 Nasdaq Composite Index -26.18 -0.97% -3.39% -6.86% -1.07%
Wednesday World Market Indexes 1 Day 1 Day 1 Week 30-Day 100-Day
8-Jun-11 Pt Change % Change % Change % Change % Change
136.14 DJ Asian Titans 50 -0.59 -0.43% -3.36% -5.69% -6.55%
2096.19 The Global Dow -16.56 -0.78% -2.54% -6.64% -1.78%
9,449.46 Nikkei 225 Japan 6.51 0.07% -2.78% -4.06% -9.46%
2,750.29 Shanghai China 4.77 0.17% 0.23% -4.76% 2.68%
22,661.63 Hang Seng Hong Kong -207.04 -0.91% -4.08% -4.81% -5.59%
2516.96 Dow Stoxx - 50 Europe -20.55 -0.81% -3.32% -5.26% -5.06%
2752.06 DJ Euro Stoxx - 50 Europe -22.44 -0.81% -2.67% -8.43% -5.99%
5,808.89 FTSE 100 England -55.76 -0.95% -2.02% -4.30% -1.01%
3,837.98 CAC 40 France -33.94 -0.88% -3.20% -6.50% -3.20%
7,060.23 DAX Germany -43.02 -0.61% -2.18% -5.55% 0.51%
4,536.80 S&P ASX 200 Australia -29.50 -0.65% -3.62% -6.90% -5.16%
18,394.29 BSE Sensex Bombay India -101.33 -0.55% -1.15% -4.65% -3.42%
63,032.97 Brazil Bovespa Stock Index -184.88 -0.29% -0.60% -4.02% -10.03%
13,183.79 Canada S&P/TSX Comp -99.13 -0.75% -2.54% -5.11% -1.11%

Dow Constituents:


Wednesday Dow Constituents One Day One Day 5-Day 100-Day 100-Day
6/8/2011 Name Symbol Point Ch. % Change % Change % Change Min
98.04 Caterpillar Inc. CAT (1.84) -1.84% -4.06% 4.29% 92.75
15.41 Alcoa Inc. AA (0.28) -1.78% -4.88% -3.51% 15.41
48.1 American Express Co AXP (0.79) -1.62% -3.97% 4.00% 42.36
15.3 Cisco Systems, Inc. CSCO (0.21) -1.35% -5.85% -27.86% 15.3
49.74 E.I. du Pont DD (0.55) -1.09% -2.79% -0.12% 48.12
21.82 Intel Corporation INTC (0.24) -1.09% -1.18% 3.51% 19.49
10.54 Bank of America... BAC (0.11) -1.03% -6.64% -30.89% 10.54
60.69 The Travelers Co TRV (0.54) -0.88% -0.80% 11.09% 54.45
40.39 JPMorgan Chase & Co. JPM (0.33) -0.81% -2.93% -10.06% 40.39
34.1 The Home Depot, Inc. HD (0.23) -0.67% -2.82% -4.99% 34.1
35.36 Hewlett-Packard Co HPQ (0.21) -0.59% -2.91% -23.55% 35.36
23.94 Microsoft Corporation MSFT (0.12) -0.50% -1.16% -15.41% 23.91
73.85 The Boeing Company BA (0.33) -0.44% -2.43% 5.39% 67.69
64.85 The Procter & Gamble... PG (0.21) -0.32% -1.76% -1.04% 59.73
39.23 The Walt Disney Co DIS (0.12) -0.30% -2.07% -0.15% 38.85
20.68 Pfizer Inc. PFE (0.06) -0.29% -1.52% 12.76% 18.15
53.69 Wal-Mart Stores, Inc. WMT (0.14) -0.26% 0.26% -2.04% 51.37
83.04 United Technologies... UTX (0.21) -0.25% -1.48% 5.01% 78.33
81.15 McDonald's Corporation MCD 0.01 0.01% 0.50% 9.57% 72.99
34.06 Kraft Foods Inc. KFT 0.02 0.06% -1.05% 8.68% 30.49
90.91 3M Company MMM 0.06 0.07% -0.60% 3.19% 87.44
30.34 AT&T Inc. T 0.03 0.10% -2.03% 6.72% 27.33
18.51 General Electric Co GE 0.03 0.16% -3.04% -1.65% 18.33
65.4 The Coca-Cola Co KO 0.20 0.31% -0.97% 3.60% 61.6
164.34 Intl. Business Machines IBM 0.65 0.40% -1.05% 9.56% 150
99.95 Chevron Corporation CVX 0.48 0.48% -1.16% 7.67% 92.71
35.79 Merck & Co., Inc. MRK 0.22 0.62% -1.00% 4.56% 31.08
80.76 Exxon Mobil Corp XOM 0.76 0.95% -0.70% 3.75% 77.75
66.14 Johnson & Johnson JNJ 0.64 0.98% -0.51% 5.74% 57.66
35.9 Verizon Communication VZ 0.52 1.47% -0.75% 1.24% 34.3

S&P Sectors:


Wednesday Sector Name One-Day One-Week 30-Day 100-Day 100-Day
6/8/2011 % Change % Change % Change % Change Low
546.84 Energy 0.42% -1.70% -7.32% 3.95% 520.64
232.96 Materials -0.96% -2.85% -8.01% -3.47% 230.09
306.28 Industrials -0.75% -2.89% -7.84% -1.26% 304.73
301.52 Consumer Discretionary -0.81% -3.02% -5.52% 0.66% 293.13
319.74 Consumer Staples 0.01% -1.58% -0.47% 5.33% 296.08
404.59 Health Care 0.06% -1.27% -0.28% 8.69% 364.17
198.26 Financials -0.94% -3.75% -9.54% -12.05% 198.26
399.9 Info Tech -0.82% -3.25% -6.90% -5.63% 397.07
130.24 Telecom Svc 0.18% -2.70% -3.35% 3.60% 121.27
166.97 Utilities 0.14% -0.92% 0.26% 3.50% 156.07
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