Stock Market Today

Big Drops in S&P Constituents – Share Price of Owens Ill (OI) Richard Ellis (CBG) Down Most

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(Best Syndication News) The S&P 500 fell 22.45 points (-1.74%) to 1,265.42 today. The index is down 5.22 percent over the last 30 business days.

Riots in Greece incited investor uncertainty. Markets opened lower in the United States but shot lower after scenes of the unrest were broadcast.

The biggest S&P 500 loser today was Owens-Illinois, Inc. (NYSE:OI). The share price fell 4.00 (-13.54%) to $25.54. In after-hours the share price continued to decline another 0.04 (-0.16%) to $25.50.

Good News for Retail Industry - Best Buy (BBY) and J.C. Penny (JCP) Skyrocket

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(Best Syndication News) This was a great day for retail sales and investors who own shares in Best Buy and J.C. Penny.

Retail Sales

Retail sales in the United States and China beat expectations in May. Although sales in the United States dropped 0.2 percent in May, analysts had expected a 0.3 percent drop.

Consumer spending increased, but auto sales helped push the retail number down. Auto sales dropped 3.2 percent in May.

Stock Market Today – Nokia (NOK) TBL and VFC Skyrocket while KMP Slumps – Disney (DIS) Hits Low

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(Best Syndication News) Stock markets around the world were mixed Monday but are opening higher Tuesday in Europe (see charts below).

V.F. Corporation (NYSE:VFC) jumped 9.21 (10.03%) to $101.01. Investors were happy with the announcement that the apparel manufacturer will merge with The Timberland Company (NYSE:TBL).

Investors were even happier with Timberline’s decision. The share price jumped 13.21 (44.05%) to $43.20. V.F. will pay $43 per share. Timberline has a market cap of $2.24 billion while VF has a capitalization of $11.05 billion.

Stock Market This Week – Pfizer Inc. (PFE) Travelers Companies (NYSE:TRV) Share Prices Crumble

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(Best Syndication News) Most world stock markets were lower on Friday (see charts below). All three major U.S. indexes are trending lower over the last 100 days, month and week.

Although there was some good economic news this week, initial jobless claims were in-line with what some analysts expected and the U.S. trade deficit shrank, slower than expected Chinese export growth dampened investor confidence. This could be a sign that global economic activity may be slowing.

Of the world indexes we track, only the Nikkei 225, S&PASX 200 (Australia) and the Shanghai composite indexes were higher (see world market index chart below).

Stock Market Today – Stock Prices Turn Around - Verizon (NYSE:VZ) and Intel (NASDAQ:INTC) Drop

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(Best Syndication News) Most stocks turned around finally today, but there were some exceptions (see stock charts below).

Dow Jones

The Dow Jones Industrial Average (DJIA) advanced 75.42 points (+0.63%) to 12,124.36. The Dow was lower six days in a row (see world market chart below).

The index broke through yesterday’s R1 resistance level of 12,094.06 (see Dow technical chart below). The range was 8.94 percent higher than average, but the volume was 12.28 percent below average. The low volume made the market less volatile.

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