Daily Market Overview 06.07.2012
U.S. stock prices fell about 1% during Friday’s session after the U.S. Labor Department reported fewer-than-expected 80,000 new jobs in June. It was the third month in a row with employment growth of less than 100,000 jobs. Signs of a possible downshift in the U.S. economy resulted in declines of commodities as well as stocks.
European markets’ biggest decline in the past two weeks resulted from worries over U.S. economic growth and fear of the Eurozone debt crisis, as Spanish bond yields returned back above 7%. Furthermore the Euro continued its downfall to hit a two-year low against the U.S. Dollar touching $1.2264 before rebounding to $1.2296.
The DJ30 closed at 12,772.47, declining 124.20 points (-0.96%), the SPX500 closed at 1,354.58, declining 12.90 points (-0.94%) and the NASDAQ closed at 2,612.29 declining 35.18 points (-1.33%) in today’s trading.
The CAC40 closed at 3,168.79 declining 60.57 points (-1.88%), the FTSE100 closed at 5,662.63, declining 30.00 points (-0.53%) and the DAX40 closed at 6,410.11 declining 125.45 points (-1.92%).
Amazon Inc. (AMZN) is said to be working on a new smartphone, which should directly compete with Apple’s (APPL) iPhone, RIM’s BlackBerry and Android system devices. Foxconn International Holdings Ltd., a Chinese manufacturer, is working on the new device for Amazon Inc.
Stocks Execution Prices:
|
Name |
Sell |
Buy |
Closing Rate |
Change % |
|
Apple (AAPL) |
606.11 |
606.25 |
605.88 |
-0.67 |
|
Google (GOOG) |
584.51 |
586.09 |
585.98 |
-1.67 |
|
Facebook (FB) |
31.78 |
31.89 |
31.73 |
0.83 |
|
Microsoft (MSFT) |
30.15 |
30.23 |
30.18 |
-1.68 |
|
Amazon (AMZN) |
224.77 |
225.33 |
225.05 |
-0.89 |
|
Yahoo (YHOO) |
15.79 |
15.89 |
15.78 |
-0.44 |
|
Zynga (ZNGA) |
5.30 |
5.36 |
5.36 |
-1.47 |
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