Stock Market Today – McDonald’s Corp (MCD) Exxon Mobile (XOM) Oracle (ORCL) and Staples (SPLS) Report

staples office depot logo

(Best Syndication News) Stock markets in Asia are higher Friday after confident investors in the United States continued to buy equities for the second straight day (see the stock charts below). Confidence that Greece will avoid a messy default was impetus for the buying spree, which pushed the DJIA up 70 points despite a less-than-expected jobs report.

In Asia, the Shanghai (China) composite index added 0.79 percent, while the Nikkei 225 (Japan) and the Hang Seng (Hong Kong) index added 1.65 percent and 0.89 percent respectively. Markets in Taiwan and Australia were also higher.

The good news is spreading to Europe early Friday. The FTSE (100) is up 0.06 percent, while the CAC 40 (France) and DAX (Germany) are up 0.01 percent and 0.26 percent respectively.

The Greek government said that they were able to convince 95.7 percent of their sovereign debt holders to participate in their swap program. This helped the euro (EUR) and helped insure that Greece will receive the next round of bailouts from the European Union (EU).

The U.S. Department of Labor said there were 362,000 initial jobless claims last week. That is an increase of 8,000 from the previous week and above economist expectations of 355,000. On a seasonally adjusted basis the insured unemployment rate is 2.7 percent for the week ending February 25.

On Friday the Labor Department will release the unemployment rate for February.

Widely-Held Stocks

Only nine of the constituents in our widely-held index were lower on Thursday (see widely-held stock index chart below). American International Group, Inc. (NYSE:AIG) fell more than any other component, down nearly four percent on an otherwise up-day for Wall Street. The AIG volume was up more than 1,000 percent above average.

The stock fell after the U.S. Treasury priced their AIG stock offering at just $29 a share. In the after-hours the share price of AIG fell another penny to $28.30. There was a bid of $27.99 on 1,000 shares and an ask of $29.90 on 900 shares.

McDonald's Corporation (NYSE:MCD) was another loser, down more than three percent during trading day. The volume was up more than 200 percent.

A miss in their sales target sent investors fleeing the stock. In the pre-market MCD is up 22 cents to $97.18.

Both MCD and Exxon Mobil Corporation (NYSE:XOM) are down 2.24 percent over the last 30 business days (see the chart below). On Thursday XOM fell more than one percent. Investors were not happy to see the company announce a possible dip in oil and gas output this year. The company also said they were spending more to bring new projects online.

Oracle Corporation (NASDAQ:ORCL) is one of the few stocks in our index that is down over the last 100-business days. The stock fell one-half percent on below average volume.

Meanwhile ORCL competitor, International Business Machines Corp. (NYSE:IBM) is up nearly five percent over the last 100-days. ORCL was down three cents in the after-hours to $30.04.

Staples, Inc. (NASDAQ:SPLS) fell just three cents on average volume. Earlier in the week SPLS announced a ten percent increase in their dividend payments. The stock shot-up two percent on Tuesday and on Thursday traders began to take some profits.

In the after-hours SPLS fell another ten cents to $15.27. There was a bid of $14.03 on 200 shares and an ask of $16.59 on 100 shares. SPLS competitor, Office Depot, Inc. (NYSE:ODP) is offering $250 million in senior secured notes that will be due in 2019.

By: Tom Madison
Business Reporter

Widely-Held Stocks:

Thursday Widely Held
Stocks
One Day One Day Five Day 30-Day 100-Day
3/8/2012 Company Change % Change % Change % Change % Change
28.31 American Intl. Group... -1.14 -3.87% -3.87% 12.61% 21.14% 1
96.96 McDonald's Corp -3.22 -3.21% -2.31% -2.24% 7.81% 2
84.83 Exxon Mobil Corp -1.00 -1.17% -2.30% -2.24% 8.60% 3
30.07 Oracle Corporation -0.15 -0.50% 0.80% 6.29% -5.59% 4
26.84 Intel Corporation -0.07 -0.26% -0.07% 0.34% 14.21% 5
15.38 Staples, Inc. -0.03 -0.19% 0.00% -3.57% 3.43% 6
32.6 Texas Instruments Inc. -0.05 -0.15% -1.72% 0.74% 5.40% 7
59.77 Wal-Mart Stores, Inc. -0.09 -0.15% 1.62% -1.97% 7.77% 8
32.78 Walgreen Company -0.01 -0.03% 0.03% -4.49% -0.67% 9
14.62 Yahoo! Inc. 0.00 0.00% -2.08% -5.86% -8.11% 10
               
               
22.34 The Bank of New York 0.50 2.29% -0.62% 11.70% 17.76% 80
25.45 General Motors Co 0.57 2.29% -3.85% 2.95% 5.34% 81
9.77 Alcoa Inc. 0.22 2.30% -4.87% -5.69% -4.78% 82
46.53 Gilead Sciences, Inc. 1.05 2.31% -0.17% -4.24% 15.09% 83
8.53 LSI Corporation 0.20 2.40% 0.00% 8.66% 43.60% 84
59.49 Honeywell International 1.75 3.03% -1.05% 2.87% 20.30% 85
31.4 Wells Fargo & Co 0.99 3.26% -0.44% 8.09% 17.74% 86
13.41 Corning Incorporated 0.45 3.47% 3.39% 5.84% -2.19% 87
5.93 Boston Scientific Corp. 0.20 3.49% -2.47% -0.50% 4.22% 88
16.79 Weatherford Intl. Ltd. 0.71 4.42% 1.82% 1.51% 13.60% 89
2.6 Sprint Nextel Corp 0.17 7.00% 4.00% 19.82% -6.81% 90

World Market Index Chart:

Thursday World Stock Indexes 1 Day 1 Day 1 Week 30-Day 100-Day
3/8/2012 N. & S. AMERICA Pt Change % Change % Change % Change % Change
12,907.94 Dow Jones Industrial 70.61 0.55% -0.56% 1.95% 9.31%
1,365.91 S&P 500 13.28 0.98% -0.60% 3.77% 10.31%
2,970.42 NASDAQ Composite 34.73 1.18% -0.62% 5.46% 12.62%
12,461.93 S&P TSX Canada 111.77 0.91% -2.06% -0.04% 4.29%
66,908.39 Brazil Bovespa Stock 891.63 1.35% 0.15% 6.37% 21.09%
37,815.43 IPC MXX - Mexico 266.89 0.71% -0.57% 1.70% 7.98%
2,683.96 MerVal Buenos Aires -4.01 -0.15% -2.36% -5.21% -4.06%
806.34 Russell 2000 Sm-Cap 10.39 1.31% -1.09% 0.94% 13.18%
809.91 Russell 3000 98% Mkt 8.25 1.03% -0.69% 3.56% 10.97%
EUROPE
5,859.73 FTSE 100 England 68.32 1.18% -1.21% 2.20% 6.76%
3,478.36 CAC 40 France 86.03 2.54% -0.61% 4.81% 9.68%
6,834.54 DAX Germany 163.43 2.45% -1.54% 4.95% 14.46%
768.90 Athens Greece Comp. 23.67 3.18% 2.81% 3.12% -1.72%
838.48 IGBM Madrid Spain 15.86 1.93% -2.61% -3.55% -5.81%
6,153.93 SSMI - Swiss Market 51.39 0.84% 0.42% 2.00% 6.96%
17,637.21 FTSE Italia All (Italy) 280.71 1.62% -1.00% 4.65% 4.51%
ASIA & PACIFIC
2,419.94 Shanghai China 24.87 1.04% -0.32% 4.32% 4.40%
9,768.96 Nikkei 225 Japan 192.90 2.01% 0.63% 10.49% 12.56%
20,900.73 Hang Seng Hong Kong 272.95 1.32% -2.28% 1.95% 15.95%
7,984.56 TSEC Taiwan Exchange 81.48 1.03% -1.65% 10.38% 10.06%
4,171.00 S&P ASX 200 Australia 27.30 0.66% -1.99% -2.74% 0.70%
17,145.52 BSE Sensex Bombay 0.00 0.00% -2.49% -0.51% 2.14%
5,220.45 CNX NIFTY NSE India 0.00 0.00% -2.23% 0.30% 3.38%
2,000.76 Korea Com KOSPI 18.61 0.94% -1.45% 1.83% 8.83%
2970.38 STI Singapore 57.22 1.96% -0.28% 1.86% 9.51%

Sector Chart:

Thursday S&P Sector Name (10) One-Day One-Week 30-Day 100-Day 100-Day
3/8/2012 % Change % Change % Change % Change High
551.56 Energy 0.50% -1.94% 2.60% 10.72% 565.66
231.41 Materials 1.64% -2.11% -1.45% 9.84% 239.7
317.18 Industrials 1.44% -1.11% 0.57% 14.28% 322.29
344.88 Consumer Discretionary 1.04% 0.30% 5.08% 12.88% 344.88
341.85 Consumer Staples 0.60% 0.38% 2.33% 7.35% 342.28
419.02 Health Care 1.22% -0.18% 1.13% 10.14% 420.06
198.66 Financials 0.99% -1.07% 4.77% 16.93% 200.81
473.63 Info Tech 1.11% -0.47% 8.09% 12.27% 475.85
131.14 Telecom Svc 0.67% 1.06% 5.24% 5.49% 131.14
176.72 Utilities 0.35% 0.04% -1.16% 2.55% 184.18
Thursday Dow Sectors (10) One-Day One-Week 30-Day 100-Day 100-Day
3/8/2012 % Change % Change % Change % Change High
3061.76 Basic Materials 1.65% -3.14% -2.46% 8.65% 3244.85
3533.59 Consumer Goods 0.99% -0.31% 3.35% 7.95% 3544.59
3869.23 Consumer Services 0.90% 0.51% 4.66% 12.97% 3869.23
3067.52 Financials 0.85% -0.89% 4.27% 16.57% 3095.03
3548.95 Health Care 1.24% -0.40% 1.55% 11.40% 3572.04
3327.25 Industrials 1.48% -1.04% 1.38% 14.99% 3377.39
6072.86 Oil & Gas 0.65% -1.91% 3.33% 11.85% 6234.72
7189.46 Technology 1.14% -0.59% 7.68% 12.35% 7232.14
1119.65 Telecommunications 0.72% 0.87% 5.24% 5.92% 1119.65
1839.17 Utilities 0.49% 0.16% -0.90% 3.26% 1907.11

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