22 jun: Speculators Flatten FX Bets, Gamble on Swiss Franc's Ris..
22 jun: BASE METALS HIGHLIGHTS: Top Stories Of The Day
22-06-2012 22:38:00

U.S. Stocks End 'Down' Week on an 'Up' Note

Relateret indhold

By Matt Jarzemsky

NEW YORK--A rebound by banks and health-care shares helped push the blue chips higher--but not enough to help them avoid a losing week.

The Dow Jones Industrial Average rose 67.21 points, or 0.5%, to 12640.78, on Friday. The benchmark trimmed a weekly decline caused by Thursday's sharp selloff, which was fueled by a cascade of bearish global data.

J.P. Morgan Chase, up 1.4%, was among the Dow's biggest advancers. Bank of America, Morgan Stanley and Wells Fargo also gained, up 1.5%, 1.3% and 1.5%, respectively.

The Standard & Poor's 500-stock index tacked on 9.51 points, or 0.7%, to 1335.02. All 10 of the index's sectors traded higher, though consumer staples and utilities lagged behind. The Nasdaq Composite added 33.33 points, or 1.2%, to 2892.42.

Uri Landesman, president of New York hedge fund Platinum Partners, called it a "relief rally" for stocks--"a little bit of buying on the bad news."

Late Thursday, Moody's Investors Service downgraded numerous global banks, citing significant exposure to volatility and the risk of large losses from capital markets activities.

But analysts largely took a positive view, saying the decisions were on the whole slightly less negative than many investors had feared. Only one company, Credit Suisse Group, had its rating cut by three notches. Two others, Morgan Stanley and UBS, had faced three-notch reductions but were downgraded only two levels.

The immediate effect was to dispel concerns that had hung over the market since February. "It appears that a headwind has been removed," Keefe, Bruyette & Woods analyst David Konrad wrote in a note to clients.

The U.S.-listed shares of Credit Suisse rose 1.2%, and UBS's added 2.1%.

In Europe, markets were mostly lower, with the Stoxx Europe 600 falling 0.7%, as more downbeat economic data weighed on sentiment. June data showed Germany's Ifo index of business confidence fell more than expected. Benchmark indexes in the U.K., Germany and France all rose for the third week in a row.

Meanwhile, Spain's IBEX 35 index bucked the trend by rallying 1.5%, after an external audit said the country's banks will need to increase capital by up to 62 billion euros ($77.75 billion) to survive a worst-case scenario. That number was a lot lower than many had feared.

The European Central Bank said it would offer loans to euro-zone banks in exchange for a wider range of collateral, accepting securities such as car loans and certain mortgage-backed securities, in a move seen as an attempt to provide liquidity to Spanish banks.

Asian markets were broadly lower on the back of U.S. weakness Thursday, with Japan's Nikkei Stock Average losing 0.3% but rising 2.7% on the week, its third weekly gain in a row. Hong Kong's Hang Seng Index slumped 1.4%, down 1.2% on the week and six of the past seven.

Crude-oil futures added $1.56 a barrel, or 2%, to $79.76. Gold rose $1.50 a troy ounce, or 0.1%, to $1,566.

The dollar rose against the yen but lost ground to the euro.

In corporate news, Ryder System slid 13%, the biggest decline among the S&P 500 components. The truck-rental company lowered its second-quarter and full-year earnings outlooks, citing lower-than-expected demand.

Facebook rose 3.8%, extending its more-than-20% rally from its early June lows, which followed concerns about the social network's valuation and botched initial public offering.

Harvest Natural Resources soared 87% after the energy company agreed to sell its Venezuela assets to Indonesia's PT Pertamina for $752 million.

Darden Restaurants declined 0.7% after the operator of Olive Garden and Red Lobster projected continued weak growth for its major brands, citing expectations of a "frustratingly slow" economic recovery.

Associated Estates Realty dropped 2.1% after the real-estate investment trust said it planned a public offering of 5.5 million shares of its common stock.

Write to Matt Jarzemsky at matt.jarzemsky@wsj.com

(END) Dow Jones Newswires

June 22, 2012 16:38 ET (20:38 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
Ingen indlæg

Fondsbørsmeddelelser

Aktier/tendens: Amerikansk plus ventes at smitte af i Danmark

17-09-2014 08:32:04
Der er udsigt til små stigninger på det danske aktiemarked onsdag morgen, efter at der ellers har været fald at spore på ugens to første handelsdage. Tirsdag fa..

Lundbeck: Eli Lilly og Astrazeneca på vej med Alzheimers-middel

16-09-2014 16:29:37
Eli Lilly og Astrazeneca har indgået et partnerskab for at udvikle en mulig behandling til Alzheimers sygdom, fortæller medicinalvirksomhederne i en fælles medd..

Novo: Tresiba giver bedre blosukkerregulering til børn og unge

16-09-2014 12:38:17
Novo Nordisks langtidsvirkende insulinprodukt Tresiba i kombination med Novolog kan give forbedret langsigtet blodsukkerregulering hos børn og unge med type 1-d..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Vestas/Nordea: Ser risiko for test af kurs 200
2
Aktier/tendens: Amerikansk plus ventes at smitte af i Danmark
3
Torm/fmd: Udvanding af aktionærerne forventelig
4
Novo: Tresiba giver bedre blosukkerregulering til børn og unge
5
Torm/fmd: Nu skal det løses én gang for alle

Relaterede aktiekurser

UBS N 16,35 0,4% Stigning i aktiekurs
CS Group N 25,46 0,4% Stigning i aktiekurs
Facebook Inc- Class A 76,08 0,0% Aktiekurs uændret
Bank of America Corp 16,71 0,0% Aktiekurs uændret
Associated Estates Realt.. 17,83 0,0% Aktiekurs uændret
Credit Suisse Group 27,30 0,0% Aktiekurs uændret
JPMorgan Chase & Co 59,99 0,0% Aktiekurs uændret
Ryder System Inc 92,71 0,0% Aktiekurs uændret
Wells Fargo & Co 52,31 0,0% Aktiekurs uændret
Harvest Natural Resource.. 4,35 0,0% Aktiekurs uændret
Morgan Stanley 35,11 0,0% Aktiekurs uændret
UBS AG (Switzerland) 17,55 0,0% Aktiekurs uændret
JP Morgan COM STK USD1 59,87 0,0% Aktiekurs uændret
Bank of America COM STK .. 16,69 19,2% Stigning i aktiekurs

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen
Køb

Relaterede selskaber
Få adgang til information og anbefalinger af relaterede selskaber med PLUS pakken.

Du får adgang til 7 værdifulde investorværktøjer til investering.

Klik her og læs mere om PLUS pakken.
Euroinvestor i andre lande: Euroinvestor.com | Euroinvestor.se | Euroinvestor.no | Euroinvestor.fr | Forexinvestor.com| Wisselkoersen.nl | Valuta.se | Valutaveksel.no | Divisas.es | Valute.it
Copyright Euroinvestor A/S 2014  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
17. september 2014 11:34:05
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20140915.2 - EUROWEB6 - 2014-09-17 11:34:05 - 2014-09-17 11:34:05 - 1 - Website: OKAY

Når du besøger Euroinvestor.dk accepterer du, at der anvendes cookies, som vi og vores samarbejdspartnere benytter til funktionalitet, statistik og markedsføring. Læs mere om cookies på Euroinvestor.dk her

x