Daily Market Overview 24.07.2012

| Wednesday, 25 July 2012 0:24
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this post has been viewed 23 times

The Stock Markets fell for a consecutive day with Spanish Bond yields reaching to a full scale bailout and Greece’s finances were way off its rescue bailout terms. The 10-year Spanish yields climbed above 7.6% reflecting the rising belief that the Country will need a rescue which the euro zone can hardly afford.  Europe’s slowdown and debt crisis is affecting U.S companies.

The DJ30 closed at 12,617.32, declining 104.14 points (-0.82%), SPX500 closed at 1,338.31, declining 12.21 points (-0.90%) and the NASDAQ closed
at 2,567.46 declining 22.47 points (-0.87%) in today’s trading.

The CAC40 closed at 3,074.68, declining 26.85 points (-0.87%), FTSE100 closed at 5,499.23, declining 34.64 points (-0.63%) and DAX40 closed
at 6,390.41 declining 28.92 points (-0.45%).

Apple (AAPL) announced its quarterly revenue after the bell which rose to $35 billion, but was much lower that the average analyst estimated, at $37.22B. The company’s revenue is mostly generated by iPhone, with consumers not buying the product, as they wait for the new iPhone 5. The new iPad sales could not offset the lower than expected iPhone sales. The stock fell by more than 5% after the bell.

Stocks Execution Prices:

 

Name

Sell

Buy

Closing Rate

Change %

Apple (AAPL)

559.96

601.27

600.92

-0.48

Google (GOOG)

605.54

607.02

607.57

-1.29

Facebook (FB)

28.35

28.42

28.45

-1.04

Microsoft (MSFT)

28.96

29.03

29.15

-0.44

Amazon (AMZN)

221.73

222.28

223.04

-1.31

Yahoo (YHOO)

15.32

15.37

15.43

-2.09

Zynga (ZNGA)

4.94

4.97

4.91

-3.44

| Wednesday, 25 July 2012 0:24
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this post has been viewed 23 times

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