EmailStock Market Update
Market Snapshot
| Dow | 13933.39 | -67.18 | (-0.48%) |
| Nasdaq | 3149.61 | -12.21 | (-0.39%) |
| SP 500 | 1505.47 | -10.13 | (-0.67%) |
| 10-yr Note | +27/32 | 1.872 | |
| NYSE | Adv 955 | Dec 2044 | Vol 458.3 mln |
| Nasdaq | Adv 815 | Dec 1671 | Vol 1.35 bln |
Industry Watch
| Strong: Telecommunications, Consumer Discretionary |
| Weak: Energy, Financials |
Moving the Market
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December Case-Shiller 20-city Home Price Index: +6.8% actual, +6.5% Briefing.com consensus, +5.5% prior December FHFA Housing Price Index: +0.6% actual, +0.6% prior January new home sales: 437,000 actual, 383,000 Briefing.com consensus, 378,000 prior February consumer confidence: 69.6 actual, 62.0 Briefing.com consensus, 58.6 prior Pier Luigi Bersani's center-left wins Italy's Lower House Vote; Senate vote deadlocked |
Equities Near Lows Entering Final Hour of Trade
25-Feb-13 15:00 ET
Dow -67.18
at 13933.39,
Nasdaq -12.21
at 3149.61,
S&P -10.13
at 1505.47
[BRIEFING.COM] Heading into the final hour of trade, the major averages continue to trade near their lows. The S&P 500 is down 0.7% and the financial sector remains as the weakest performer. Stocks have spent the duration of today's trade in a steady decline fueled by mounting indications suggesting the Italian election may produce a deadlock. The official results from the Lower House are expected to come through at any minute, with an official tally of the Senate vote expected around 18:00 ET.
In the foreign exchange market, the euro has endured a busy session which saw the common currency gain as much as 100 pips versus the dollar in early trade. However, those gains were built on the expectations of a clear win by Pier Luigi Bersani. Since the initial polls came into question, the common currency has turned negative, and is now shedding 100 pips against the greenback. The CurrencyShares Euro Trust ETF (FXE 130.12, -0.68) trades lower by 0.5%.
In the foreign exchange market, the euro has endured a busy session which saw the common currency gain as much as 100 pips versus the dollar in early trade. However, those gains were built on the expectations of a clear win by Pier Luigi Bersani. Since the initial polls came into question, the common currency has turned negative, and is now shedding 100 pips against the greenback. The CurrencyShares Euro Trust ETF (FXE 130.12, -0.68) trades lower by 0.5%.
