All
 

 

Just in:  

You are here: Home»Market Data»Rates & Schedules»Rates»Tuesday's midday trade: stocks dip after rally

Tuesday's midday trade: stocks dip after rally

US stocks fell on Tuesday in a modest retreat from the previous session's sharp rally, but major indexes remained on track for a positive first quarter and the S&P 500 was set for its ninth straight quarterly rise. Energy shares were in focus as crude oil fell 1.4 percent to $48 per barrel, sending the S&P Energy index down 0.6 percent as one of the weakest industry groups of the day. Exxon Mobil Corp fell 0.7 percent to $85.06.

Oil was pressured as Iran and six world powers entered a final day of talks on a nuclear deal that could see the energy-rich country increase oil exports. The talks come when oversupply is already a major concern for energy investors, having contributed to crude falling more than 50 percent from a high in June.

Endurance Specialty Holdings Ltd agreed to buy reinsurer Montpelier Re Holdings Ltd for about $1.83 billion, while Charter Communications Inc agreed to acquire Bright House Networks in a roughly $10 billion deal.

Charter rose 7.9 percent to $197.89 while Montpelier rose 0.7 percent to $38.40. Endurance fell 4.3 percent to $61.55.

Tuesday marks the end of the first quarter. Over the period, the Dow rose 0.5 percent, the S&P 500 rose 1.1 percent and the Nasdaq rose 4.1 percent. This is the ninth straight quarterly advance for the S&P and Nasdaq, the longest such streak for the S&P since 1998 and the longest for the Nasdaq in its history. Despite that, all three are set to be negative for March.

The Dow Jones industrial average fell 63.76 points, or 0.35 percent, to 17,912.55, the S&P 500 lost 5.54 points, or 0.27 percent, to 2,080.7 and the Nasdaq Composite dropped 15.34 points, or 0.31 percent, to 4,932.11.

Copyright Reuters, 2015



 



 
Index Closing Chg%
Arrow DJIA 17,745.98 0.03
Arrow Nasdaq 5,128.79 0.33
Arrow S&P 2,108.63 0.01
Arrow FTSE 6,668.87 0.57
Arrow DAX 11,257.15 0.40
Arrow CAC-40 5,046.42 0.58
Arrow Nikkei 20,522.83 1.08
Arrow H.Seng 24,497.98 0.49
Arrow Sensex 27,705.35 0.51





New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk



Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln