- Tools for Investors
- Stock News
- Investing Ideas
- Econ & Policy
- Personal Finance
It was a red day for the U.S. equity markets. A weaker-than-expected factory orders report joined forces with escalating political unrest in Spain and Italy to brew a thick cloud of economic malaise that pretty much erased Friday’s gains.
At the close: DJIA: -0.93%, S&P 500: -1.15%, NASDAQ: -1.51%.
On the commodities front, Oil (NYSE:USO) fell with the rest of the market, dropping 1.6 percent to $96.16 per barrel. Precious metals were mixed with Gold (NYSE:GLD) climbing 0.26 percent to $1,675.00 per ounce, and Silver (NYSE:SLV) falling 0.67 percent to $31.75 per ounce. The yield on the 10-year T-bill fell 0.060 points to 1.956 percent.
BlackBerry (NASDAQ:BBRY) climbed 15.02 percent to close at $14.98 per share on its first day of trading under the new name. Formerly Research In Motion, the company changed its title with the release of BlackBerry 10. Monday’s surge is in no small part thanks to an upgrade from analysts at Bernstein, who give the stock an “Outperform” rating and a $22 price target… (Read more.)
Baidu (NASDAQ:BIDU), the Chinese search giant, released fourth-quarter and full-year 2012 results after the bell that send shares down an additional 4.7 percent after closing the regular session down 1.3 percent. Fourth-quarter earnings of $1.31 per share grew 36.1 percent to $1.31 per share, edging out expectations for $1.28. Fourth-quarter revenue increased 51.6 percent to $1.017 billion, in line with expectations.
Facebook (NASDAQ:FB) closed the regular session down 5.45 percent as post-earnings fears about income and expenses exacerbate each other. The stock is still up 6 percent since the beginning of 2013, but has come down 11.5 percent over the past five trading days. Playing its part in the selling pressure is a 10-K filing… (Read more.)
Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
There's always a bull market in some sector! Find the best opportunities in commodities.