Stock Market Today – Nokia (NOK) Bristol Myers (BMY) News Corp (NWSA) and BP plc (BP) Report

Nokia Bristol Myers logos

(Best Syndication News) Stock markets are opening lower in Europe after mixed results in Asia Tuesday (see stock charts below). Equities declined despite an announcement that European leaders are a step closer to finalizing the next Greek bailout package.

The agreement needs to be finalized by individual parliaments; however, on Tuesday European Finance Ministers sealed the 130-billion-euro ($172 billion) bailout package for the Hellenic Republic. Bond holders will need to take-on more losses. The International Monetary Fund (IMF) and the European Union (EU) will need to play a role as well.

The private holders of Greek sovereign debt will be hit harder than expected. The FTSE 100 (England), the CAC 40 (France), and the DAX (Germany) indexes are all lower before the markets open in New York.

Large Cap Winners

Nokia Corporation (ADR) (NYSE:NOK) gained more than any other component in our large-cap index last Friday (see large cap stock chart below). NOK gained more than five percent on Friday; and a positive UK court ruling helped boost the pre-market value up another 1.09 percent to $5.55 on Tuesday.

Bristol Myers Squibb Co. (NYSE:BMY) was another large-cap winner. The share price jumped more than three percent during Friday’s session, and then another 0.9 percent in the after hours.

BMY is a competitor of Gilead Sciences, Inc. (NASDAQ:GILD) for hepatitis C drugs. On Friday, GILD fell more than fourteen percent after patients using their drug relapsed.

News Corp (NASDAQ:NWSA) was higher for the second day after major declines on Tuesday and Wednesday. The share price was up more than three percent Friday. There were no bids spotted in the after-hours, however, there was an ask of $19.63 on 100 shares.

BP plc (ADR) (NYSE:BP) was another winner Friday. In the after-hours BP fell nine cents to $47.53. A fire at a Washington state refinery put downward pressure on the share price. There were no reports of disruptions at the local airport, which depends on BP for jet fuel.

In the pre-market early Tuesday, the share price of BP is down another 43 cents to $47.19 on profit taking.

By: Dan Wilson

Large-Cap Stock Index Chart:


Friday Large Cap
Index
One Day One Day Five Day 30-Day 100-Day
2/17/2012 Name Change Change Change Change Change
47 Gilead Sciences, Inc. -7.81 -14.25% -14.39% 9.86% 17.35% 1
114.35 EOG Resources, Inc. -3.27 -2.78% 0.86% 11.64% 45.46% 2
15.07 Research In Motion Ltd -0.32 -2.08% 1.14% -1.76% -33.47% 3
43.04 Freeport-McMoRan Co -0.80 -1.82% -3.63% 10.73% 23.61% 4
32.17 Southern Copper Corp... -0.56 -1.71% -2.96% 3.24% 14.73% 5
23.93 Nippon Telegraph &... -0.41 -1.68% -2.01% -6.23% 0.25% 6
59.45 Newmont Mining Co -0.98 -1.62% 0.07% -4.07% -6.30% 7
67.78 Amgen, Inc. -1.11 -1.61% -0.62% 4.66% 19.92% 8
27.1 EMC Corporation -0.42 -1.53% 2.46% 23.13% 25.58% 9
27.12 Statoil ASA(ADR) -0.42 -1.53% -0.51% 5.16% 27.32% 10
               
               
9.94 Telefonaktiebolaget LM... 0.20 2.05% 2.69% 3.43% -5.60% 150
47.62 BP plc (ADR) 0.97 2.08% 0.53% 8.03% 25.51% 151
21.17 Koninklijke Philips... 0.44 2.12% 2.37% 6.65% 14.56% 152
31.09 Wells Fargo & Company 0.72 2.37% 1.53% 7.43% 24.56% 153
26.9 Credit Suisse Group AG. 0.63 2.40% 2.52% 20.52% 0.56% 154
17.74 Mobile TeleSystems 0.44 2.54% 4.66% 13.21% 30.73% 155
2.23 Lloyds TSB Group plc... 0.06 2.76% 1.83% 36.81% 0.45% 156
57.2 Ecopetrol S.A. (ADR) 1.57 2.82% 6.76% 24.95% 39.31% 157
19.6 News Corporation 0.59 3.10% 0.98% 7.10% 18.93% 158
33.12 Bristol Myers Squibb Co. 1.08 3.37% 3.53% -3.21% 6.02% 159
5.49 Nokia Corporation (ADR) 0.28 5.37% 7.65% 4.77% -2.49% 160

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