Stock Market Today

Stock Market Today – Kraft (KFT) American Express (AXP) McDonalds (MCD) Hit 100-Day Highs

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(Best Syndication News) Most markets were higher on Monday but are turning lower on Tuesday (see stock charts below).

Dow Jones

The Dow Jones Industrial Average was up 5.42 percent last week to 12,582.77 (see world market chart below).

All of the Dow constituents were higher (see Dow Constituent chart below). Six of the constituents hit 100-day highs.

Battle Lines Drawn in California as Amazon (AMZN) cancels Affiliate Program – Competitors Step In

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(Best Syndication News) Amazon and other out-of-state retailers will be required to start collecting California sales tax beginning today. The new law is being hailed as a victory for California brick-and-mortar stores who compete against the online websites.

In an effort to avoid the collection of sales tax, Amazon and other businesses have severed their relationship with California website owners. These website owners don’t actually sell products but place ads for Amazon on their pages.

Federal law requires retailers have some sort of nexus with the state before being required to charge sales tax in that state. The 1967 National Bellas Hess v. Illinois court decision said mail-order sellers were not required to collect sales tax unless they had a physical contact with the state.

Consumer Financial Service Sector Today – Big Gains by MasterCard (MA) and Visa (V)

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(Best Syndication News) The Financial sector did well today with Mastercard and Visa showing huge one-day gains (see comparison chart below). Some financial stocks did better than others.

Visa Inc. (NYSE:V) was a great sector performer. The share price was up 1.29 (+15.00%) to $86.57. In the financial sector, only one stock performed better: Provident Community Bancshares Inc. (PCBS) with a market cap of only $1.07 million.

Visa’s chief competitor, MasterCard Incorporated (NYSE:MA) did very well Wednesday. The share price spiked $31.47 (+11.31%) to $309.70.

Stock Market Today – Nearly Every Exchange Higher – Nike (NKE) price pops Lear (LEA) Jumps

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(Best Syndication News) Stocks in the United States and throughout most of the world were higher Tuesday (See stock charts below).

Dow Jones

The Dow Jones Industrial Average (DJIA) index advanced 145.13 points (+1.21%) to 12,188.69 (see world market charts below). This was the second day of advances after three consecutive days of declines.

Of the 30 Dow constituents, only four were lower (see Dow constituent chart below). JPMorgan, the Walt Disney Co, Bank of America and Procter and Gamble were the losers.

Stock Market Today – Kraft (KFT) Big Dow Loser while Microsoft (MSFT) big winner

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(Best Syndication News) Markets were higher today with the Nasdaq and Info Tech sectors gaining the most followed by Financial stocks (see charts below). Stock prices in Australia, Germany, Japan and Hong Kong were generally lower.

Dow Jones

The Dow Jones Industrial Average increased 108.98 points (+0.91%) to 12,043.56 (see world market chart below). Over the last five days the Dow is still lower.

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