Equities Market Roundup: Commodities Holding Stocks

Equities Editors Desk  |

U.S. stocks are up today thanks in large part to the rebound in the commodities markets. Energy and precious metals investors had experienced a steep sell-off last week but prices could be finding their footing once more. Oil recovered after supply surfaces and lowered demand dropped prices. Oil is now trading at just over $101 per barrel. Silver had been the commodity hit hardest last week, but has surged to trade over $37 per ounce. Gold also recovered and is now trading at $1509 an ounce.

Major U.S. Stock Indices

DJIA: 12,706.44 (+0.54 percent)
S&P 500: 1,347.25 (+0.53 percent)
Nasdaq: 2,846.74 (+0.68 percent)
Russell 2000: 841.41 (+0.97 percent)

In other news:

  • Citigroup (NYSE: C) shares are trading down over 2 percent after its 1:10 reverse stock split. But if you're using Yahoo! Finance, they're actually up 875 percent! [WSJ]
  • Is LinkedIn worth $3 billion? It's a social network, so it has to be. [Reuters]
  • Clive Capital, a $5 billion hedge fund, supposedly lose $400 million in the recent commodities sell-off. [Business Insider]
  • Turns out the housing market isn't getting better. According to Zillow, home values lost over 8 percent the last year and 28 percent of homes are underwater. [Bloomberg]
  • Standard and Poor's lowered their rating on Greek debt as more doubt around how the country plans to manage its financial system arises. [NY Times]

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
PRCG.PRE PG&E Corp n/a n/a n/a 0

Comments

Watchlist

Symbol Last Price Change % Change
AAPL

     
AMZN

     
HD

     
JPM

     
IBM

     
BA

     
WMT

     
DIS

     
XOM

     

Q BioMed CEO provides a Corporate Update

Denis Corin, CEO of Q BioMed Inc. ”Q“, a biomedical acceleration and development company, focused on licensing and acquiring undervalued biomedical assets in the healthcare sector, provides a corporate update.

Emerging Growth

Singlepoint Inc

SinglePoint Inc is a mobile technology company engaged in mobile payments, mobile giving, and mobile bidding. It operates mobile commerce and communications platform to accept mobile credit card payments.