GM Announces Record Profit in Stock Market Today
All major US stock markets traded in the positive today based on strong domestic economic numbers released today and growing optimism that a bailout for Greece is only a few days from being finalized. Thursday’s gains erased the losses from Wednesday. Stock Market Today Summary DJIA closed at 12,904.08 +123.13 (0.96%) S & P 500 [...]
Stocks React to Economic Data: Dow Jones (DJIA) Ends Session Up 123 Points
The U.S. stock market reacted favorably to economic data published early Thursday morning by the U.S. Bureau of Labor Statistics. By the end of the market trading day, the Dow Jones Industrial Average (DJIA) index had gained 123 points, or 0.96%, to 12,904. Meanwhile, the NASDAQ Composite rose 44 points, or 1.5%, to 2,960 and [...]
Apple Stock Sees Some Gravity in the Stock Market Today
All major US markets traded in the negative today, one of the worst days of the year so far. The Dow Jones Industrial Average (DJIA) narrowly avoided closing in triple digit losses. Both the Nasdaq and S&P 500 closed down after trading in the positive earlier in the morning. It seems that the continued uncertainty [...]
Kellogg Will Buy Pringles Brand from Procter & Gamble for $2.7 Billion
News surfaced Wednesday that Kellogg Company (NYSE:K) will purchase the Pringles potato chip brand from The Procter & Gamble Company (NYSE:PG) for $2.7 billion. As the two companies announced their tentative agreement, parties from both P&G and Diamond Foods Inc. (NASDAQ:DMND) correspondingly announced the termination of their negotiations for the sale/purchase of Pringles which had [...]
Stock Market Shrugs off Greece and Lower Retail Sales
Just when you thought is was over (at least for a few days) they drag you back in. Finance ministers have canceled their previously scheduled meeting in Brussels to have a conference call with Greek leaders to discuss and assure deep austerity measures prior to releasing a second round of bailouts that would prevent a [...]
Stock Market Today – Market Wrap
Majors markets all moved into the positive on the heels of a positive austerity vote in Greece. While markets were up for the day, they basically regained losses taken Friday when the austerity measures were not certain. Markets were trading around the level seen early last week as investors were patiently awaiting a resolution in [...]
Apple Stock Closed Above $500 in the Stock Market Today
Apple posted its 7th consecutive positive day and closed above $500 per share for the first time in the stock’s history at $502.60. Just last week Stock Market Today stated that the move above $500 per share inevitable. We mentioned its low P/E ratio (profits to earnings ratio). If you look and compare it is [...]