Stock Market Today – Alcoa AA Bank of America BAC and CISCO Hit 100-Day Lows

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(Best Syndication News) Stocks around the world fell Wednesday after Greek debt worries continue to haunt investors (see stock charts below). Riots and uncertainty are driving stocks lower again early Thursday in Asia.

Dow Jones

The Dow Jones Industrial Average (DJIA) fell 179.37 points (-1.49%) to 11,897.27 (see world market chart below). At the close of trading, the Dow broke through the S1 support level of 11,929.04.

The market was volatile with the range 68.47 percent above average and the volume 7.47 percent above average (see technical chart below). Year-to-date, the Dow is still 222.51 points higher.

All of the Dow constituents were lower today (see Dow constituent table below). The biggest loser was Alcoa Inc. (NYSE:AA) falling 0.45 (-2.92%) to $14.96 per share. In after-hours the stock was up 0.04 (0.27%) to $15.00.

Today UBS cut their price target on the company. Their forecast is now 32 cents per share (eps). This lowered their yearly earnings for 2011 from $1.22 to $1.13 per share. Their twelve month trailing (ttm) earnings per share was 72 cents.

Copper prices were lower in the United States but aluminum on the London Metal Exchange was higher.

Bank of America Corporation (NYSE:BAC) was the second biggest loser Wednesday. The share price fell 0.30 (-2.78%) to $10.50. In after-hours trading the stock price fell even further, down 0.03 (-0.29%) to $10.47. The company said that credit card defaults edged up slightly in May.

Bank of America, Alcoa and Cisco Systems, Inc. (NASDAQ:CSCO) hit 100-day lows Wednesday.

S&P 500 and Nasdaq

The S&P 500 Index fell 22.45 points (-1.74%) to 1,265.42 on Wednesday while the Nasdaq Composite Index declined 47.26 points (-1.76%) to 2,631.46.

All of the S&P 500 sectors were lower with financials and info-tech hitting 100-day lows. The energy sector fell 2.23 percent and the Financials dropped 2.19 percent. Materials were down 2.29 percent and all of the other sectors were more than one percent lower.

By: Dan Wilson

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Image: Sterlite Plant at Jharsuguda aluminum smelter

World Stock Markets:


Wednesday U.S. Markets 1 Day 1 Day 1 Week 100-Day 100-Day
6/15/2011 Pt Change % Change % Change % Change Min
11,897.27 Dow Jones Industrial Avg -179.37 -1.49% -1.26% -0.77% 11,613.30
1,265.42 S&P 500 -22.45 -1.74% -1.11% -2.63% 1,256.88
2,631.46 Nasdaq Composite Index -47.26 -1.76% -1.64% -4.49% 2,616.82
Wednesday World Market Indexes 1 Day 1 Day 1 Week 100-Day 100-Day
15-Jun-11 Pt Change % Change % Change % Change Min
135.9 DJ Asian Titans 50 -0.29 -0.21% -0.18% -6.77% 104.32
2059.2 The Global Dow -36.15 -1.73% -1.76% -5.01% 2,059.20
9,574.32 Nikkei 225 Japan 26.53 0.28% 1.32% -8.63% 8,605.15
2,705.43 Shanghai China -24.62 -0.90% -1.63% -1.57% 2,700.70
22,343.77 Hang Seng Hong Kong China -152.23 -0.68% -1.40% -6.04% 22,284.43
2510.15 Dow Stoxx - 50 Europe -25.82 -1.02% -0.27% -6.39% 2,466.49
2731.5 DJ Euro Stoxx - 50 Europe -48.44 -1.74% -0.75% -8.64% 2,721.24
5,742.55 FTSE 100 England -60.58 -1.04% -1.14% -3.73% 138.97
3,806.85 CAC 40 France -57.73 -1.49% -0.81% -6.23% 2,146.77
7,115.08 DAX Germany -89.71 -1.25% 0.78% -0.57% 6,513.84
4,566.80 S&P ASX 200 Australia -18.20 -0.40% 0.66% -4.79% 4,528.70
18,132.24 BSE Sensex Bombay India -176.42 -0.96% -1.42% -2.96% 17,463.04
61,518.14 Brazil Bovespa Stock Index -686.69 -1.10% -2.40% -9.60% 61,518.14
12,972.03 Canada S&P/TSX Comp index -125.79 -0.96% -1.61% -3.27% 12,939.72

Dow Constituents:


Wednesday Dow Constituents One Day One Day 5-Day 100-Day 100-Day
6/15/2011 Name Symbol Point Ch. % Change % Change % Change Min
14.96 Alcoa Inc. AA (0.45) -2.92% -3.48% -8.95% 14.96
10.5 Bank of America... BAC (0.30) -2.78% -1.41% -24.57% 10.5
33.88 The Home Depot, Inc. HD (0.87) -2.50% -1.31% -7.56% 33.47
95.65 Caterpillar Inc. CAT (2.21) -2.26% -3.64% 1.14% 94.39
40.68 JPMorgan Chase & Co. JPM (0.92) -2.21% -0.73% -9.64% 40.39
98.41 Chevron Corporation CVX (2.19) -2.18% -2.79% 4.58% 93.37
78.66 Exxon Mobil Corp XOM (1.72) -2.14% -3.10% 0.09% 78.59
23.74 Microsoft Corporation MSFT (0.48) -1.98% -0.92% -16.35% 23.7
20.19 Pfizer Inc. PFE (0.39) -1.90% -2.70% 9.43% 18.15
57.54 The Travelers Co TRV (1.11) -1.89% -5.80% 3.45% 55.62
21.42 Intel Corporation INTC (0.40) -1.83% -1.56% 0.85% 19.49
47.28 American Express Co AXP (0.87) -1.81% -2.17% 3.25% 42.36
91.03 3M Company MMM (1.56) -1.68% -1.01% 0.79% 87.44
14.84 Cisco Systems, Inc. CSCO (0.24) -1.59% -3.07% -29.90% 14.84
63.76 The Procter & Gamble... PG (1.00) -1.54% -1.92% -4.24% 59.73
49.54 E.I. du Pont DD (0.75) -1.49% -1.82% 1.33% 48.89
30.35 AT&T Inc. T (0.44) -1.43% 0.07% 6.57% 27.33
66.16 Johnson & Johnson JNJ (0.94) -1.40% -0.93% 6.33% 57.66
34.26 Hewlett-Packard Co HPQ (0.47) -1.35% -3.38% -27.95% 34.26
35.17 Merck & Co., Inc. MRK (0.47) -1.32% -2.31% 4.05% 31.08
35.12 Verizon Communication VZ (0.46) -1.29% -1.54% -0.34% 34.3
18.39 General Electric Co GE (0.21) -1.13% -1.02% -8.23% 18.32
52.32 Wal-Mart Stores, Inc. WMT (0.59) -1.12% -2.42% -6.65% 51.37
162.33 Intl. Business Machines IBM (1.79) -1.09% -1.52% 1.69% 153
73.85 The Boeing Company BA (0.79) -1.06% -0.44% 1.54% 67.69
64.97 The Coca-Cola Co KO (0.64) -0.98% -1.40% 2.72% 61.6
83.27 United Technologies... UTX (0.75) -0.89% -0.98% 2.15% 78.33
34.02 Kraft Foods Inc. KFT (0.24) -0.70% -0.58% 8.24% 30.49
38.39 The Walt Disney Co DIS (0.20) -0.52% -2.49% -3.88% 38.37
81.24 McDonald's Corporation MCD (0.23) -0.28% -0.02% 7.77% 72.99

Dow Technical Data:

Dow Technical Data
Wednesday, June 15, 2011 Value Support and Resistance
Dow Value - Close Today 11,897.27 Yesterday Close 12,076.11
Point Change Today (178.84) Support/Res Today
% Change Today -1.48% S3 11,552.19
Today's Open 12,075.12 S2 11,764.86
Today's Low 11,862.53 S1 11,879.86
Today's High 12,075.20 Pivot Pt 11,977.53
Today's Range (High - Low) 212.67 R1 12,092.53
Average Daily Range 100 Days 126.24 R2 12,190.20
% Today Daily Range w/ Average Range 68.47% R3 12,402.87
100 Day Low 11,613.30
100 Day High 12,810.54 Support/ Res Yesterday
Today's Volume * 182,496,537 S3 11,686.08
Average 100 Day Volume * 169,810,392 S2 11,855.50
% of Today Daily Vol. w/ Average Volume 7.47% S1 11,929.04
Point Change MTD (392.87) Pivot Pt 12,024.92
% Change Month To Date (MTD) -3.20% R1 12,098.46
Point Change YTD 222.51 R2 12,194.34
% Change Year To Date (YTD) 1.91% R3 12,363.76
Best Syndication Today Volatility BSNVX1 5.12%
Average Volatility Last 100 Days BSNVX1 1% Moving Averages
Best Syndication Today Volatility BSNVX2 76% 50 Day Moving 12,429.07
Average Volatility Last 100 Days BSNVX2 16% 100 Day Moving 12,264.45
* Volume reflects weighted average

S&P Sectors:


Wednesday Sector Name One-Day One-Week 30-Day 100-Day 100-Day
6/15/2011 % Change % Change % Change % Change Low
534.24 Energy -2.23% -3.50% -5.82% 1.68% 523.93
231.35 Materials -2.29% -2.24% -6.02% -1.84% 230.09
304.9 Industrials -1.46% -1.15% -7.15% -2.94% 303.66
298.46 Consumer Discretionary -1.48% -1.77% -6.30% -0.51% 293.13
317.37 Consumer Staples -1.49% -1.26% -2.55% 3.98% 296.08
401.01 Health Care -1.33% -1.84% -2.27% 7.71% 364.17
197.86 Financials -2.19% -1.38% -9.43% -10.67% 197.86
392 Info Tech -1.84% -2.05% -8.02% -7.32% 392
129.12 Telecom Svc -1.29% -0.78% -4.77% 3.25% 121.27
165.35 Utilities -1.22% -1.02% -2.13% 1.26% 156.07
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