Daily Market Overview 19.07.2012
The weak U.S. economic data released earlier today on U.S. manufacturing, housing and labor markets had shown poor economic growth in these sectors. The stock market bounced back up, however, as the economic data was offset by better than expected corporate earnings. In the Eurozone, the German Parliament approved the bailout for Spanish banks, while suggesting that Spain’s economic difficulties are still far from over.
The DJ30 closed at 12,943.36, gaining 34.66 points (+0.27%), the SPX500 closed at 1,376.51, gaining 3.73 point (+0.27%) and the NASDAQ closed at 2,655.81 gaining 29.94 points (+1.14%) in today’s trading.
The CAC40 closed at 3,263.64 gaining 28.24 points (+0.87%), the FTSE100 closed at 5,714.19, gaining 28.42 point (+0.50%) and the DAX40 closed at 6,758.39 gaining 73.97 points (+1.11%).
Google (GOOG) has announced their quarterly earnings after the acquisition of Motorola Mobility. The overall revenue of the Company reached $12.21 billion with a net income of $2.79 billion. The cost per click for online search ads has continued to decline for the second quarter.
Microsoft (MSFT) also beat analysts’ estimates as it reported their quarterly profit. Sales rose by 4%, mainly driven by companies and the business sector as demand from consumers is low as they await the release of the new Operating System, Windows 8 due out on October 26.
Stocks Execution Prices:
|
Name |
Sell |
Buy |
Closing Rate |
Change % |
|
Apple (AAPL) |
613.89 |
615.16 |
614.32 |
1.33 |
|
Google (GOOG) |
595.55 |
597.00 |
593.06 |
2.12 |
|
Facebook (FB) |
29.07 |
29.14 |
29.00 |
-0.38 |
|
Microsoft (MSFT) |
30.57 |
30.64 |
30.67 |
0.71 |
|
Amazon (AMZN) |
226.86 |
227.38 |
226.17 |
4.00 |
|
Yahoo (YHOO) |
15.70 |
15.75 |
15.73 |
0.16 |
|
Zynga (ZNGA) |
4.57 |
4.60 |
4.55 |
-1.30 |
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