Equities Market Roundup: Stocks Break Out of Slump

Equities Editors Desk |

Wall Street Stock Market BullWall Street is trading higher today, with the Dow Jones Industrial Average and S&P 500 both up close to 1 percent. News that U.S. narrowed the trade gap in April with record exports helped to lift the stock market, ending a six-session streak of declining days. But the gain U.S. exports may have come at the cost of Japan, which saw its exports fall a record pace in April due to the devastation left behind from the March earthquake and tsunami. The trend could mean better GDP growth for the U.S. in the second quarter than previously expected. Investors were also able to shake-off a government report that said the number of applicants for unemployment benefits rose last week by 1,000 to 427,000. Still, the number has fallen drastically from the 478,000 from the high in April.



Major U.S. Stock Indices

DJIA: 12,163.67 (+0.95 percent)
S&P 500: 1,292.17 (+0.99 percent)
NASDAQ: 2,690.97 (+0.58 percent)
Russell 2000: 794.33 (+0.80 percent)

In other news:

  • Citigroup (C) is dealing with a data breach of their own. Sony (SNE) probably feels its pain. [WSJ]
  • Apple (AAPL), perhaps feeling some pressure from competitors, loosens its grip a little on app-makers. [NY Times]
  • Anyone sick of hearing about social media and new-web IPOs yet? Well, too bad. [Economist]
  • PIMCO fund manager Bill Gross plays it cool. [Bloomberg]
  • Robert Shiller wouldn't be surprised if housing prices fall another 25 percent. [CNBC]

Check back for more news.

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
SSW.P.C Seaspan Corp Perp With Red Pfd Shs Series C n/a n/a n/a 0 Trade

Comments

Emerging Growth

OncoSec Medical Incorporated

OncoSec Medical Inc is a biotechnology company focused on designing, developing and commercializing gene therapies, therapeutics and proprietary medical approaches to stimulate and guide an anti-tumor immune response for the…

Private Markets

The Green Organic Dutchman

The Green Organic Dutchman Ltd. ("TGOD") produces farm grown, organic cannabis for medical use. The company grows its high quality organic cannabis in small batches using craft growing, all natural…

Voleo

Voleo is a free download that allows you to form investment clubs with your friends, family, colleagues, classmates, teammates…basically anyone you know and trust. Invest and manage a stock portfolio…