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Here’s your Cheat Sheet to this week’s top stories:
The U.S. equity markets edged slightly lower on Monday. A national holiday that closed down most major Asian markets helped make for a pretty light trading day, as investors used the relative lull to consider the direction of the market. On the table is the idea that equities are overbought, and that the markets risk short periods of sharp declines.
At the close: DJIA: -0.16%, S&P 500: -0.06%, NASDAQ: -0.06%.
On the commodities front, Oil (NYSE:USO) climbed 1.35 percent to $97.01 per barrel, while the national average for gasoline jumped to $3.59 per gallon. Precious metals were down, with Gold (NYSE:GLD) falling 1.03 percent to $1,649.70 per ounce, and Silver (NYSE:SLV) falling 1.39 percent to $31.01 per ounce. The yield on the 10-year T-Bill increased 0.014 points to 1.965 percent.
Here’s your Cheat Sheet to the top stock stories:
Nasdaq OMX Group (NASDAQ:NDAQ) closed the day up over 3 percent, and climbed an additional 1 percent in after-hours trading, following reports that Carlyle Group (NYSE:CG) had engaged the exchange in possible takeover talks. However, fundamental differences over valuation emerged in the early stages of the due diligence process and the talks reportedly disintegrated… (Read more.)
Goldman Sachs (NYSE:GS) is participating in the giant game of musical chairs that many financial institutions have had to play with top executives in the wake of the financial crisis. Most recently, the bank announced that it will redistribute executives in its mergers and acquisitions division, shuffling some top brass around without losing any heads… (Read more.)
Green Mountain Coffee Roasters (NASDAQ:GMCR) closed the regular trading session down 4.5 percent, rounding out 9.3 percent losses over the past five trading days. Despite posting strong earnings last week, the stock has been beat up because of weaker-than-expected guidance for sales in the coming quarter… (Read more.)
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