Breaking News: House OKs sweeping financial regulatory bill

Date: Wed, 30 Jun 2010 17:11:43 -0600

WASHINGTON (AP) - The House of Representatives has passed a sweeping
rewrite of financial regulations, setting the stage for a final vote
in the Senate where votes for the far-reaching bill remained in flux.
The legislation creates a new federal agency to police consumer
lending, sets up a warning system for financial risks, forces failing
firms to liquidate and lays out new rules for instruments that have
been largely uncontrolled.

Market Briefing Newsletter for Wednesday, 06/30/2010

Date: Wed, 30 Jun 2010 17:32:04 -0400

|---------------------------------------------------------------------------|
| Dow : 9,774.02 down 96.28 | S & P : 1,030.71 down 10.53 |
| NASDAQ: 2,109.24 down 25.9 | Bond (10Y): 2.95% down 0.016
|---------------------------------------------------------------------------|

MARKETS:
Stocks dive as second quarter ends
A disappointing report on private-sector jobs drains some
Positive momentum, and end-of-quarter selling sparks late drop.

Europe set to end downbeat quarter on weak note

Date: Wed, 30 Jun 2010 12:00:57 -0400

EUROPE SET TO END DOWNBEAT QUARTER ON WEAK NOTE
European shares trade broadly lower to cap a bearish second quarter,
primarily playing off a weaker-than-expected reading on U.S.
employment in the private sector.

U.S. STOCKS FLUCTUATE AS SECOND QUARTER ENDS
A disappointing report on private-sector jobs weighs on investors, but
the major indexes manage to eke out small gains.

TREASURYS UNDER PRESSURE AS STOCKS WAVER AFTER ADP
Treasury prices came under pressure on Wednesday after ADP said the
U.S. private-sector added far fewer jobs than economists expected.

CHICAGO FED'S EVANS 'WARY' OF MORE ASSET PURCHASES
Charles Evans, president of the Chicago Fed, is "wary" of calls for
further central-bank purchases of assets aimed at stimulating the
economy. He also dismisses fears that the U.S. recovery is faltering.

HURRICANE ALEX SENDS OIL TO GULF COAST BEACHES
Hurricane Alex, which strengthened overnight from a tropical storm, is
sending oil from the BP spill toward Gulf coast beaches, reports said
Wednesday. The storm, currently a Categrory One hurricane, is
projected to make landfall late Wednesday or early Thursday, probably
in northeastern Mexico, according to forecasters.

Private-sector jobs increase by 13,000 in June, says payroll-processing firm ADP, much lower than economists expected.

Date: Wed, 30 Jun 2010 08:19:03 -0400

Private-sector jobs increase by 13,000 in June, says
payroll-processing firm ADP, much lower than economists expected.

Markets, Tuesday, 06/29/2010

Date: Tue, 29 Jun 2010 17:31:05 -0400

|---------------------------------------------------------------------------|
| Dow : 9,870.30 down 268.22 | S & P : 1,041.24 down 33.33 |
| NASDAQ: 2,135.18 down 85.47 | Bond (10Y): 2.97% down 0.065
|---------------------------------------------------------------------------|

MARKETS:
Stocks slammed by global slowdown fears
Dow slides as much as 326 points, while the S&P 500 falls below 2010
closing lows. Worries about global growth send euro tumbling. 10-year
note yield falls to 14-month low.

Home prices rise 3.8% in April, compared to a year earlier, but are still down 30% from the peak, says S&P/Case-Shiller report.

Date: Tue, 29 Jun 2010 09:02:04 -0400

Home prices rise 3.8% in April, compared to a year earlier, but are
still down 30% from the peak, says S&P/Case-Shiller report.

Breaking News: Stocks tumble on world economy concerns

Date: Tue, 29 Jun 2010 14:17:43 -0600

NEW YORK (AP) - Stocks and interest rates tumbled Tuesday after signs
of a slowing global economy spooked traders. The Dow Jones industrial
average fell nearly 270 points in trading to fall below 10,000 for the
first time since June 10. The Dow and other major indexes each lost
more than 2%.

Stock losses accelerate on weak consumer confidence number. Dow down 226 points.

Date: Tue, 29 Jun 2010 10:03:03 -0400

Stock losses accelerate on weak consumer confidence number. Dow down 226 points.

U.S. stocks hit as consumer confidence falls

Date: Tue, 29 Jun 2010 12:05:54 -0400

U.S. STOCKS HIT AS CONSUMER CONFIDENCE FALLS
S&P 500 Index is poised for its lowest finish this year, as U.S.
consumer confidence falls more than anticipated in June, adding to
worries about a global slowdown.

JAVELIN ROCKETS AS DRUG STOCKS HEAD SOUTH
Investor jitters over the state of the Chinese economy weigh on both
the broader market and drug sector in early action.

MICRON, FLEXTRONICS, AMAZON HIGHLIGHT TECH LOSSES
Technology stocks put in a disappointing performance Tuesday, with the
entire sector getting battered and falling along with the broader
market due to investor worries about the Chinese economy and the
outlook for global economic growth.

AIRLINE STOCKS FALL; ANALYSTS TEMPER CHINA OUTLOOK
Airline stocks decline after a U.S.-based research group slashes its
growth outlook for China, a country whose economy has helped lift
international traffic demand.

BARNES & NOBLE, WAL-MART IN SPOTLIGHT; SECTOR DOWN
Retail stocks fall in early activity with the broader markets on
worries that growth in China, the key engine of the global economic
recovery, is slowing.

U.S. consumer confidence plummets to 52.9 in June from 62.7 in May

Date: Tue, 29 Jun 2010 10:04:14 -0400

U.S. consumer confidence plummets to 52.9 in June from 62.7 in May
06/29/2010 10:02:34 AM EDT

Consumer confidence tumbles amid renewed worries about the economy and jobs, Conference Board says.

Date: Tue, 29 Jun 2010 10:00:21 -0400

Consumer confidence tumbles amid renewed worries about the economy and
jobs, Conference Board says.

Markets, Monday, 06/28/2010

Date: Mon, 28 Jun 2010 17:32:04 -0400

|---------------------------------------------------------------------------|
| Dow : 10,138.52 down 5.29 | S & P : 1,074.57 down 2.19 |
| NASDAQ: 2,220.65 down 2.83 Bond (10Y): 3.03% down 0.081
|----------------------------------------------------------------------------|

MARKETS:
Stocks end slightly lower
Wall Street starts the week in 'wait-and-see mode' ahead of key
reports on manufacturing and the job market.

Sen. Robert Byrd dies at 92

Date: Mon, Jun 28, 2010 at 12:00 PM

SEN. ROBERT BYRD DIES AT 92
Sen. Robert Byrd, the West Virginia Democrat who became the longest-serving member of Congress in U.S. history in a Senate career spanning more than 50 years, has died at age 92, a spokesman says.

U.S. SAVINGS RATE INCHES HIGHER IN MAY
The savings rate for U.S. households rose to the highest level in eight months in May, as incomes grew faster than spending, the Commerce Department estimates.

CRUDE FUTURES LOWER AS STORM WORRIES FADE
Crude futures dropped Monday, as worries about a production-disrupting tropical eased and mildly positive macroeconomic data in the U.S. was not enough to lift markets.

G-20 COUNTRIES SET DEFICIT AND DEBT-REDUCING GOALS
Top leaders of Group of 20 major economies reach an agreement on common goals for deficit and debt reduction, but with governments permitted to use their own methods to reach those goals.

OBAMA URGES CHINA TO FOLLOW THROUGH ON YUAN MOVE
President Barack Obama says he expects China to follow through on a policy move made last week to loosen the yuan's de-facto peg to the dollar, but adds that the U.S. has other issues it wants to address with the Chinese. 

Personal income rises 0.4% in May while spending increases 0.2%, government says.

Date: Mon, 28 Jun 2010 08:32:04 -0400

Personal income rises 0.4% in May while spending increases 0.2%,
government says.

Sen. Robert Byrd dies at age 92

Date: Mon, 28 Jun 2010 03:38:31 -0600

Sen. Robert Byrd, D-W. Va., the nation's longest-serving senator, died
Monday at a suburban Washington, D.C., hospital. He was recently
hospitalized for dehydration. Byrd was 92.

Markets, Friday, 06/25/2010

Date: Fri, 25 Jun 2010 17:32:04 -0400

|---------------------------------------------------------------------------|
| Dow : 10,143.81 down 8.99 | S & P : 1,076.76 up 3.07 |
| NASDAQ: 2,223.48 up 6.06 | Bond (10Y): 3.11% down 0.010
|---------------------------------------------------------------------------|

MARKETS:
Mixed day, down week
Financial shares rise on Wall Street reform bill, but the broader
market struggles.

U.S. bank regulatory overhaul OK'd by negotiators

Date: Fri, 25 Jun 2010 12:00:54 -0400

U.S. BANK REGULATORY OVERHAUL OK'd BY NEGOTIATOR
House and Senate conferees agree on the most significant increase in
the regulation of U.S. banks since the Great Depression.

FINANCIALS RISE AFTER LAWMAKERS' DEAL
Shares of the leading financial companies rise in early activity after
lawmakers reach a deal for new legislation of the sector.

WALL STREET WILL COMPLAIN, BUT IT GOT OFF LIGHT
Washington's plan for Wall Street will disappoint the financial
industry, but its grieving should be short lived.

BANK OF ENGLAND CALLS FOR GRADUAL CAPITAL CHANGE
The Bank of England says measures to strengthen banks' capital levels
need to be phased in over a number of years. See full story.
http://www.marketwatch.com/News/Story/Story.aspx?guid=cfcf19867ecc456589a134cab38e359d&siteid=nwtam

U.S. STOCKS LOWER WITH BANK BILL, GDP IN FOCUS
U.S. stocks waver, as financials rose after Congress hammer out a deal
on a landmark financial-overhaul bill, but a downward revision to the
first-quarter gross domestic product spurs worries over the pace of
the economic recovery.

The economy grew at a 2.7% annual rate in the first quarter, lower than what the government initially estimated.

Date: Fri, 25 Jun 2010 08:33:04 -0400

The economy grew at a 2.7% annual rate in the first quarter, lower
than what the government initially estimated.

Markets, Thursday, 06/24/2010

Date: Thu, 24 Jun 2010 17:31:07 -0400

|---------------------------------------------------------------------------|
| Dow : 10,152.80 down 145.64 | S & P : 1,073.69 down 18.35 |
| NASDAQ: 2,217.42 down 36.81 | Bond (10Y): 3.12% up 0.008
|---------------------------------------------------------------------------|

MARKETS:
Stocks slump on economic woes
Investors continue to mull Fed's wary outlook for growth amid two
mixed readings on the economy. Apple's iPhone 4 hits stores.

Stock slide deepens as bank capital deal reached

Date: Thu, 24 Jun 2010 12:00:56 -0400

STOCK SLIDE DEEPENS AS BANK CAPITAL DEAL REACHED
U.S. stocks slip Thursday, weighed by financials as investors brace
for legislators to wrap up negotiations on the financial overhaul bill
expected to be finalized Thursday.

IPHONE 4 DEBUTS WITH RENEWED CARRIER HOPES
As some lucky consumers start to receive their new iPhones in the mail
and others line up today at Apple Inc. stores, speculation has
returned that the company is talking about adding another carrier,
writes Therese Poletti.

AUSTRALIA'S GILLARD BECOMES PM, OUSTING RUDD
Australian Prime Minister Kevin Rudd steps down in favor his deputy
Julia Gillard, who will become the nation's first woman leader as her
Labor Party heads into a new election.

AUSTRALIA RESOURCE STOCKS CHEER NEW PRIME MINISTER
Shares of most resource names in Australia climb, with traders
optimistic that the nation's new prime minister will soften the blow
of a hefty proposed tax on miners' profits.

EUROPEAN SHARES LOWER AFTER FED'S CAUTIOUS VIEW
European shares edge lower in the first opportunity for Continental
investors to react to the Federal Reserve's more downbeat language on
economic growth.

Number of people filing for first-time jobless benefits falls by 19,000 to 457,000 in latest week, government says.

Date: Thu, 24 Jun 2010 08:32:06 -0400

Number of people filing for first-time jobless benefits falls by
19,000 to 457,000 in latest week, government says.

Stocks open lower on continued anxiety over an economic recovery. Dow drops 30 points; Nasdaq and S&P 500 slip 0.3%.

Date: Thu, 24 Jun 2010 09:32:03 -0400

Stocks open lower on continued anxiety over an economic recovery. Dow
drops 30 points; Nasdaq and S&P 500 slip 0.3%.

Markets, Wednesday, 06/23/2010

Date: Wed, 23 Jun 2010 17:32:05 -0400

|---------------------------------------------------------------------------|
| Dow : 10,298.44 up 4.92 | S & P : 1,092.04 down 3.27 |
| NASDAQ: 2,254.23 down 7.57 | Bond (10Y): 3.11% down 0.051
|---------------------------------------------------------------------------|

MARKETS:
Stocks end volatile session mixed
Market seesaws after central bank holds interest rates steady and says
that economic conditions are improving, but remain challenging.

New-home sales plunge 33% to record low in May

Date: Wed, 23 Jun 2010 12:00:53 -0400

NEW-HOME SALES PLUNGE 33% TO RECORD LOW IN MAY
Sales of new homes slide in May to a record-low level after a federal
subsidy for home buyers expired, according to data released by the
Commerce Department.

MORTGAGE MODIFICATION DATA ISN'T SO INSPIRING
More homeowners are getting help avoiding foreclosure through loan
modifications and other efforts -- but "more" doesn't necessarily mean
"very many" homeowners.

APPLE IPHONE FANS CONTINUE EARLY ADOPTER INSANITY
Apple fanboys and fangirls hungry for the new iPhone will likely be
frustrated by the latest bit of drama from the tech company.

ADOBE SECOND-QUARTER NET JUMPS 18%
Adobe posts a sharp gain in quarterly profit, as the maker of design
software continues to rebound on brisk sales of its flagship product.
CAUTION IS THE WORD AS FED WRAPS UP MEETING
As they wrap up a two-day meeting to review the sputtering U.S.
economy, interest rates and monetary policy, Fed policy makers are
expected to issue a cautious statement keeping rates on hold at
record-low levels, analysts agree.

Markets, Tuesday, 06/22/2010

Date: Tue, 22 Jun 2010 17:31:04 -0400

|---------------------------------------------------------------------------|
| Dow : 10,293.52 down 148.89 | S & P : 1,095.31 down 17.89 |
| NASDAQ: 2,261.80 down 27.29 | Bond (10Y): 3.17% down 0.077
|----------------------------------------------------------------------------|

MARKETS:
Stocks slump in volatile trading
Market tumbles in the afternoon, falling near the end of a choppy
session. European debt concerns and a weak housing market report are
in focus. Energy shares drop.

Existing home sales decline in May to an annual rate of 5.66 million, a realty group says, surprising economists expecting a gain.

Date: Tue, 22 Jun 2010 10:03:04 -0400

Existing home sales decline in May to an annual rate of 5.66 million,
a realty group says, surprising economists expecting a gain.

Breaking News: Judge blocks U.S. moratorium on Gulf offshore drilling

Date: Tue, 22 Jun 2010 12:03:12 -0600

NEW ORLEANS (AP) - A federal judge in New Orleans has blocked a
six-month moratorium by the Obama administration on new deepwater
drilling projects that was imposed in response to the massive Gulf oil
spill. The White House says it will appeal the ruling.

White House's offshore-drilling moratorium blocked by judge: report

Date: Tue, 22 Jun 2010 13:51:26 -0400

White House's offshore-drilling moratorium blocked by judge: report
06/22/2010 01:49:37 PM EDT

Stocks pare gains as home sales data dim recovery

Date: Tue, 22 Jun 2010 12:00:56 -0400

STOCKS PARE GAINS AS HOME SALES DATA DIM RECOVERY
U.S. stocks edge up Tuesday, even as worries grew over the European
banking system. Consumer discretionary and technology stocks
strengthened.

U.K. PLANS $59 BILLION OF SPENDING CUTS, NEW TAXES
U.K. Chancellor George Osborne on Tuesday announced spending cuts and
tax increases that will total 40 billion pounds ($59 billion) a year
by 2015.

A U.K. BUDGET MORE OF CHOICE THAN NECESSITY
The big question around Chancellor George Osborne's first budget is a
simple one: is it one out of necessity or choice?

WHITE HOUSE BUDGET CHIEF PETER ORSZAG TO QUIT: WSJ
White House budget director Peter Orszag will resign his post next
month, according to a Wall Street Journal report.

EXISTING-HOME SALES DIP 2.2% IN MAY
In a worrisome sign for the U.S. economy, May's resales of homes and
condos fall 2.2% to a seasonally adjusted annual rate of 5.66 million,
dropping despite the boost from a federal tax credit for home buyers,
according National Association of Realtors data.

Markets, Monday, 06/21/2010

Date: Mon, 21 Jun 2010 17:31:05 -0400
|
|---------------------------------------------------------------------------|
| Dow : 10,442.41 down 8.23 | S & P : 1,113.20 down 4.31 |
| NASDAQ: 2,289.09 down 20.71 | Bond (10Y): 3.24% up 0.020
|---------------------------------------------------------------------------|

MARKETS:
Stocks end lower
Markets end a tumultuous session with losses as investors step back
after starting strong on China's currency move.

U.S. stocks rise as China vows yuan flexibility

Date: Mon, 21 Jun 2010 12:00:57 -0400

U.S. STOCKS RISE AS CHINA VOWS YUAN FLEXIBILITY
Stocks rally as China's pledge to make its exchange rate more
flexible, a move that could eventually boost the spending power of the
country's consumers, lifts investors' expectations for global growth.

TRADERS TO WATCH PBOC FOR CLUES TO YUAN POLICY
Traders will keep watch on China's central bank for further clues
regarding its policy on currency appreciation, with attention to focus
on the setting of the central parity rate -- a reference point that
helps define how much the currency can rise during a single session.

CURRENCY MOVE SPARKS DEBATE ON YUAN'S SPEED LIMIT
Although the People's Bank of China's statement on loosening the
yuan's de-facto dollar peg implies a gradual approach, some analysts
say China might opt for a more aggressive move than anticipated.

CHINA TO EASE YUAN'S DE-FACTO DOLLAR PEG
China's central bank plans to loosen the yuan's de-facto peg to the
U.S. dollar but indicated that any strengthening in the Chinese
currency would be gradual.

CASH IN ON CURRENCY SHOCKS WITH THESE FUNDS, ETFS
Investors increasingly are trading foreign currencies both as a hedge
against their U.S. dollar holdings and as a way to speculate on global
economic upheaval.

Markets, Friday, 06/18/2010

Date: Fri, 18 Jun 2010 17:31:07 -0400

|---------------------------------------------------------------------------|
| Dow : 10,450.64 up 16.47 | S & P : 1,117.51 up 1.47
|
| NASDAQ: 2,309.80 up 2.64 | Bond (10Y): 3.22% up 0.033
|----------------------------------------------------------------------------|

MARKETS:
Stocks end higher for second week
Market musters slim gain Friday but bigger gains for the week. Gold
ends at record high.

Gold closes at record high of $1258.30 an ounce as economic anxiety continues to fuel rally.

Date: Fri, 18 Jun 2010 14:14:03 -0400

Gold closes at record high of $1258.30 an ounce as economic anxiety
continues to fuel rally.

Gold futures run towards fresh record levels

Date: Fri, 18 Jun 2010 12:00:49 -0400

GOLD FUTURES RUN TOWARDS FRESH RECORD LEVELS
Gold futures continue their run plumbing new highs above $1,250 an ounce.

ENERGY STOCKS WEAKEN, BP RISES
Energy stocks lost ground on Friday but held on to gains for the week,
while shares of BP strengthened despite a downgrade of its debt
securities.

Markets, Thursday, 06/17/2010

Date: Thu, 17 Jun 2010 17:31:07 -0400

|---------------------------------------------------------------------------|
| Dow : 10,434.17 up 24.71 | S & P : 1,116.04 up 1.43
|
| NASDAQ: 2,307.16 up 1.23 | Bond (10Y): 3.19% down 0.092
|---------------------------------------------------------------------------|

MARKETS:
Euro rises as concern cools
The euro gained ground against the dollar Thursday, as debt concerns
sparked in the previous session abated after Spain held a strong bond
auction.

U.S. stocks decline after latest economic data

Date: Thu, 17 Jun 2010 12:01:16 -0400

U.S. STOCKS DECLINE AFTER LATEST ECONOMIC DATA
U.S. stocks retreat after a collection of economic reports dims cheer
that came with a successful Spanish bond sale.

BP CEO FACING HOUSE PANEL ON OIL SPILL
BP PLC Chief Executive Officer Tony Hayward on Thursday finds himself
in the hot seat as he gets ready for a showdown with members of
Congress about the causes of the Deepwater Horizon oil spill.

JOBLESS CLAIMS RISE 12,000 TO 472,000
First-time applications for state unemployment benefits rose by 12,000
last week to a seasonally adjusted 472,000, the Labor Department
reports, providing further evidence that U.S. labor markets remain
very weak.

GOLD GAINS AS U.S. GROWTH SEEN SLOWER
Gold futures topped their closing record, rising more than 1% on
Thursday as investors grew more concerned about the state of the U.S.
economy.

OIL FUTURES FALL BELOW $77 ON ECONOMIC CONCERNS
The day's round of macroeconomic reports puts in question the economic
recovery, and thus demand for oil. Natural-gas futures rally nearly 3%
after an inventories report comes within expectations.

May leading economic indicators rise less-than-forecast 0.4%; slower U.S. growth's seen

Date: Jun 17, 2010 10:04 AM

May leading economic indicators rise less-than-forecast 0.4%;
slower U.S. growth's seen
06/17/2010 10:00:33 AM EDT

U.S. first-time jobless claims unexpectedly rise, up 12,000 to 472,000 in latest week

Date: Thu, 17 Jun 2010 08:37:28 -0400

U.S. first-time jobless claims unexpectedly rise, up 12,000 to 472,000
in latest week
06/17/2010 08:35:46 AM EDT

Markets, Wednesday, 06/16/2010

Date: Wed, 16 Jun 2010 17:31:05 -0400

|---------------------------------------------------------------------------|
| Dow : 10,409.46 up 4.69 | S & P : 1,114.61 down 0.62
|
| NASDAQ: 2,305.93 up 0.05 | Bond (10Y): 3.28% down 0.028
|---------------------------------------------------------------------------|

MARKETS:
Everybody hates airlines - except Wall Street
An index of 13 key airline stocks just hit a new 52-week high. With
oil prices rising again and fears about Europe and the global economy
still raging, shouldn't there be turbulence?

Breaking News - BP agrees to $20 billion escrow fund

Date: Wed, 16 Jun 2010 10:27:41 -0600

WASHINGTON - BP will set aside $20 billion to pay the victims of the
massive oil spill in the Gulf, senior administration officials told
the Associated Press on Wednesday, a move made under pressure by the
White House as the company copes with causing the USA's worst
environmental disaster.

BP under pressure as spill reaches White House

Date: Wed, 16 Jun 2010 12:00:52 -0400

BP UNDER PRESSURE. AS SPILL REACHES WHITE HOUSE
In its first reaction to President Barack Obama's nationally televised
address, BP commits to paying for cleaning up the Gulf of Mexico oil
spill but makes no mention of the independent escrow account Obama
demanded.

OBAMA CHASTISES BP, LAYS OUT SPILL STRATEGY
BP must set aside 'whatever resources are required' to pay back
workers and businesses damaged by the Gulf Coast oil disaster,
President Barack Obama says, both chastising the oil giant and laying
out a new energy strategy in the wake of one of the worst
environmental disasters in U.S. history.

BP WEIGHS ON ENERGY STOCKS, SUNOCO RALLIES
Energy stocks fell Wednesday as the blown-out well in the Gulf of
Mexico dominated headlines, oil prices fell and as shares of BP PLC
weighed on the sector.

WEDNESDAY'S BIGGEST GAINING AND DECLINING STOCKS
Stocks moving significantly in trading on Wednesday included Fifth
Street Finance, Nokia, Somanetics and Universal Travels.

Fannie and Freddie to delist common, preferred stocks as per conservator's directive

Date: Wed, 16 Jun 2010 08:32:49 -0400

Fannie and Freddie to delist common, preferred stocks as per
conservator's directive
06/16/2010 08:28:35 AM EDT

U.S. housing starts down 10% in May, return to December levels; building permits fall 5.9%

Date: Wed, 16 Jun 2010 08:38:18 -0400

U.S. housing starts down 10% in May, return to December levels;
building permits fall 5.9%
06/16/2010 08:34:10 AM EDT

BP oil well spewing up to 60,000 barrels a day into Gulf of Mexico, scientists now say

Date: Tue, 15 Jun 2010 17:43:54 -0400

BP oil well spewing up to 60,000 barrels a day into Gulf of Mexico,
scientists now say
06/15/2010 05:42:03 PM EDT

Markets, Tuesday, 06/15/2010

Date: Tue, 15 Jun 2010 17:31:04 -0400

|---------------------------------------------------------------------------|
| Dow : 10,404.77 up 213.88 | S & P : 1,115.23 up 25.60
|
| NASDAQ: 2,305.88 up 61.92 | Bond (10Y): 3.31% up 0.035
|---------------------------------------------------------------------------|

MARKETS:
Stocks stage big rally
Market ends at highest point in nearly a month as worries about
Europe's debt crisis wane and the euro rises.

U.S. stocks climb in concert with euro

Date: Tue, 15 Jun 2010 12:00:50 -0400

U.S.STOCKS CLIMB IN CONCERT WITH EURO
U.S. stocks rose Tuesday morning as investors were encouraged by U.S.
import-price data showing tame inflation and improving business
conditions in the New York area.

FINANCIALS HIGHER AS CBOE PRICES IPO
The financial sector trades moderately higher, a reversal after losses
Monday when a Moody's downgrade of Greece's debt rating rattled
traders. The IPO of CBOE Holdings stands out.

ENERGY STOCKS MOVE UP WITH BROAD MARKET
Energy stocks rise in morning activity, as Big Oil executives appear
in Washington to make their plea for the Obama administration to
reinstate deep water drilling in the Gulf of Mexico and elsewhere.

DOW, S&P HESITATE AT THE 200-DAY MVG AVG
After breaking down last month, the Standard & Poor's 500 Index and
the Dow Jones Industrial Average remain capped by major resistance.
The specific levels rest at each benchmark's 200-day moving average,
areas that mark the bull/bear technical battleground.

DEMOCRATS POUND OIL COMPANIES OVER SAFETY PLANS
Offshore oil and gas drilling must resume, industry executives tell a
House subcommittee, a month after President Barack Obama ordered a
pause on new drilling in response to the disastrous BP oil spill in
the Gulf of Mexico.

Markets, Monday, 06/14/2010

Date: Mon, 14 Jun 2010 17:31:04 -0400

|---------------------------------------------------------------------------|
| Dow : 10,190.89 down 20.18 | S & P : 1,089.63 down 1.97
|
| NASDAQ: 2,243.96 up 0.36 | Bond (10Y): 3.28% up 0.059
|---------------------------------------------------------------------------|

MARKETS:
The one oil stock that may be worth buying
Brazil's Petrobras could benefit from the turmoil in the Gulf
following the BP oil spill.

U.S. equities gain on global growth optimism

Date: Mon, 14 Jun 2010 12:00:54 -0400

U.S.EQUITIES GAIN ON GLOBAL GROWTH OPTIMISM
U.S. stocks start week higher, as ebbing fears over a contraction in
global economic growth bring back appetite for riskier assets.

BP DEADLINE LOOMS FOR CONTAINMENT PLAN UPDATE
BP's spill in the Gulf of Mexico continued to leak about 20,000
barrels a day Monday, ahead of a showdown this week between President
Barack Obama and BP Chairman Carl-Henric Svanberg as the environmental
crisis approaches its eighth week and a price tag nearing $2 billion
thus far, with action on several fronts.

BP TO MEET ON DIVIDEND AS COSTS REACH $1.6 BLN
BP's board members were due Monday to determine their strategy on
dividend payments as the company said that the cost of cleaning up the
still-uncapped Gulf of Mexico oil spill has reached $1.6 billion.

OIL RISES AS EUROPEAN DATA SUPPORT DEMAND HOPES
Crude futures rally nearly 3%, reclaiming the $75-a-barrel mark, as
stronger European manufacturing data and a return of investor
enthusiasm for stocks, commodities and other assets seen as likely to
benefit from global economic growth set a constructive backdrop.

BP LOSSES KEEP BRITISH SHARE GAINS IN CHECK
British shares edged higher on Monday, with gains for miners barely
outweighing another decline for BP as the oil giant continues to
battle to stem a massive oil spill in the Gulf of Mexico.

Markets, Friday, 06/11/2010

Date: Fri, 11 Jun 2010 17:31:06 -0400

|---------------------------------------------------------------------------|
| Dow : 10,118.49 down 54.04 | S & P : 1,081.29 down 5.55 |
| NASDAQ: 2,218.94 up 0.23 | Bond (10Y): 3.24% down 0.075
|---------------------------------------------------------------------------|

MARKETS:
Dow posts 1st weekly gain in a month
Stocks turn up in final hour of trade, erasing deep earlier losses as
investors focus on rising consumer confidence.

Stocks pare loss, aided by health care sector

Date: Fri, 11 Jun 2010 12:00:52 -0400

STOCKS PARE LOSS, AIDED BY HEALTH CARE SECCTOR
U.S. stocks fall Friday morning as the first drop in retail sales
since September rattled investors, prompting questions about the
economic recovery to resurface.

U.S. RETAIL SALES FALL FOR FIRST TIME SINCE SEPT.
U.S. retail sales decline for the first time in eight months in May,
tumbling a surprising 1.2%, the Commerce Department estimated Friday.

RETAIL STOCKS FALL AFTER DISAPPOINTING MAY SALES
Retail stocks fall after May retail sales decline unexpectedly for the
first time in eight months, raising worries about the resiliency of
consumer spending.

CONSUMER SENTIMENT RISES IN JUNE
U.S. consumer sentiment rises in early June, hitting the highest level
since January 2008.

May retail sales tumble 1.2%, government says, disappointing economists.

Date: Fri, 11 Jun 2010 08:37:05 -0400

May retail sales tumble 1.2%, government says, disappointing economists.

Markets, Thursday, 06/10/2010

Date: Thu, 10 Jun 2010 17:31:03 -0400

|---------------------------------------------------------------------------|
| Dow : 10,172.53 up 273.28 | S & P : 1,086.84 up 31.15
|
| NASDAQ: 2,218.71 up 59.86 | Bond (10Y): 3.32% up 0.132
|---------------------------------------------------------------------------|

MARKETS:
Big boost for stocks - Dow gains 273
Stock rally fueled by strength in euro holds up throughout session.
Dow finishes above 10,000 for the first time in over a week.

U.S. stocks rally as euro gathers strength

Date: Thu, 10 Jun 2010 12:00:54 -0400

U.S. STOCKS RALLY AS EURO GATHERS STRENGTH
U.S. stocks surge Thursday after U.S. jobs data brightened modestly,
adding to optimism over the prospects for economic growth in Europe
and China.

TRICHET SAYS ECB BOND BUYS TO CONTINUE
The European Central Bank will continue to purchase euro-zone
government bonds and will hold off on withdrawing crucial short-term
liquidity from the financial system due to ongoing tensions in the
money markets, European Central Bank President Jean-Claude Trichet
said Thursday.

GERMAN COURT WON'T IMMEDIATELY BLOCK EURO AID PLAN
Germany's highest court has refused to immediately block the
government from contributing to the 750 billion euro standby rescue
plan designed to prevent debt-strapped euro-zone countries from
defaulting in the future, news reports said Thursday.

STRONG BOND AUCTIONS CALM EURO-ZONE JITTERS
Strong demand at Italian and Spanish government debt auctions on
Thursday provided some relief to jittery financial markets,
strategists said.

EURO PASSES $1.21; TRICHET SAYS NO POLICY CHANGE
The dollar drops as European Central Bank chief Jean-Claude Trichet's
remarks cause traders to reverse bets on the euro declining.

Number of people filing for first-time jobless benefits falls by 3,000 to 456,000, government says.

Date: Thu, 10 Jun 2010 08:33:03 -0400

Number of people filing for first-time jobless benefits falls by 3,000
to 456,000, government says.

China's May exports rise 48.5% year-on-year, boosting trade surplus to $19.5 billion

Date: Wed, 09 Jun 2010 22:27:49 -0400

China's May exports rise 48.5% year-on-year, boosting trade surplus to
$19.5 billion
06/09/2010 10:26:01 PM EDT

Markets, Wednesday, 06/9/2010

Date: Wed, 9 Jun 2010 17:31:04 -0400
|
|---------------------------------------------------------------------------|
| Dow : 9,899.25 down 40.73 | S & P : 1,055.69 down 6.31
|
| NASDAQ: 2,158.85 down 11.72| Bond (10Y): 3.19% up 0.019
|---------------------------------------------------------------------------|

MARKETS:
Stocks slump as energy shares tumble
Markets finish lower as investors focus on BP, and sell off energy stocks.

Recovery can survive coming fiscal drag: Bernanke

Date: Wed, 09 Jun 2010 12:00:56 -0400

RECOVERY CAN SURVIVE COMING FISCAL DRAG: BERNANKE
The U.S. economy is strong enough to withstand any fiscal tightening
that lies ahead, Federal Reserve Board Chairman Ben Bernanke tells a
congressional committee.

IRELAND'S EXAMPLE NO GUARANTEE OF SAFETY
Though it's touted as the model for fiscal reforms in Europe,
Ireland's efforts to restrain spending are no guarantee of economic
recovery, economists say.

EUROPEAN DELEGATION REVEALS RIFT ON VOLCKER RULE
There appears to be a split over whether each country would support
implementing a legislative proposal that would bar big banks from
making speculative proprietary derivatives and stock investments for
their own accounts.

MERKEL, SARKOZY PRESS EU SHORT SELLING BAN
German Chancellor Angela Merkel and French President Nicolas Sarkozy
call on European officials to consider a ban on certain types of short
sales ahead of a July meeting of European Union finance ministers.

U.S. STOCKS STRONGLY UP AS BERNANKE REASSURES
U.S. stocks are on the climb, playing off statements by Federal
Reserve Chairman Ben Bernanke that help generate investor optimism, as
the Dow industrials reclaim the 10,000 mark.

Bernanke: Economy to grow over next two years but policymakers need to come up with plan to reduce deficits.

Date: Wed, 9 Jun 2010 10:17:03 -0400

Bernanke: Economy to grow over next two years but policymakers need to
come up with plan to reduce deficits.

Markets, Tuesday, 06/8/2010

Date: Tue, 8 Jun 2010 17:31:03 -0400

|---------------------------------------------------------------------------|
| Dow : 9,939.98 up 123.49 | S & P : 1,062.00 up 11.53
|
| NASDAQ: 2,170.57 down 3.33 Bond (10Y): 3.17% down 0.016
|---------------------------------------------------------------------------|

MARKETS:
Dow in triple-digit comeback
Blue chips manage a late-day turnaround and Nasdaq erases most of the
day's losses as investors pull the market out of the day's doldrums.

Gold finishes at record high of $1,245 an ounce

Date: Tue, 08 Jun 2010 14:33:31 -0400

Gold finishes at record high of $1,245 an ounce
06/08/2010 02:31:33 PM EDT

Gold trades at record prices on recession worries

Date: Tue, 08 Jun 2010 12:00:56 -0400

GOLD TRADES AT RECORD PRICES ON RECESSION WORRIES
Gold futures probe record territory, pushing toward $1,250 an ounce.

STRIKES IN SPAIN, PROTESTING CUTS, GET UNDERWAY
A 24-hour strike called by Spain's biggest trade unions got underway
on Tuesday.

FITCH WARNS OF 'FORMIDABLE' U.K. FISCAL CHALLENGE
Britain faces a "formidable" challenge in putting its public finances
in order, Fitch Ratings said Tuesday, urging the country's new
government to speed up deficit cuts.

BERNANKE, EUROPEAN AID PLAY TUG OF WAR ON DOLLAR
The euro regains some lost ground against the U.S. dollar Tuesday, but
analysts warn of the potential for further weakness.

EUROPE DECLINES AS INVESTORS REFOCUS ON DEBT
European shares declined on Tuesday, pulling back from early gains,
with banks under pressure and Tesco and Munich Re trading with losses.

Energy stocks fall as BP, Transocean drop

Date: 8 JUN 2010 14:05:46 GMT

Energy stocks quickly surrender early gains, as shares of Gulf of
Mexico spill stocks BP and Transocean weigh on the sector.

U.S. stocks make early gains as traders eye gold futures pushing toward record highs

Date: Tue, 08 Jun 2010 09:38:54 -0400

U.S. stocks make early gains as traders eye gold futures pushing
toward record highs
06/08/2010 09:36:52 AM EDT

Markets, Monday, 06/7/2010

Date: Mon, 7 Jun 2010 17:31:04 -0400

|---------------------------------------------------------------------------|
| Dow : 9,816.49 down 115.48 | S & P : 1,050.47 down 14.41 |
| NASDAQ: 2,173.90 down 45.27 | Bond (10Y): 3.18% down 0.011
|---------------------------------------------------------------------------|

MARKETS:
Economic rebounds, unicorns and other myths
The latest jobs report is further proof that the economy may bounce
around the bottom for some time. But don't mistake slow growth with a
double-dip recession.

Breaking News Mon., June 7, 2010

Date: Mon, 07 Jun 2010 09:35:36 -0700 (PDT)

Long-Time White House Correspondent Helen Thomas Retires in Wake of
Controversial Comments About Israel [12:24 p.m. ET]

U.S. stocks waver in tracking currency moves

Date: Mon, 07 Jun 2010 12:01:31 -0400

U.S STOCKS WAVER IN TRACKING CURRENCY MOVES
U.S. stocks and commodities wobble as investors track moves in the
currency market, with Europe's common currency trimming losses after
German factory orders unexpectedly gained.

COULD APPLE STILL HAVE IPHONE SURPRISE UP SLEEVE?
Apple is expected to lift the wraps on a new iPhone next week,
updating a product line that has become the company's biggest and most
lucrative business. But catching fans off-guard will be hard this time
around.

DOLLAR MOVES UP VS EURO AS STOCKS DECLINE
The U.S. dollar flirted with positive territory as weakness in stocks
weighed on the euro.

GOLD PRICES SHARPLY HIGHER DESPITE DOLLAR GAINS
Gold prices rally on Monday, reversing their earlier path as concerns
about the health of the world economy remain.

Markets, Friday, 06/4/2010

Date: Fri, 4 Jun 2010 17:31:04 -0400

|---------------------------------------------------------------------------|
| Dow : 9,931.97 down 323.31 | S & P : 1,064.88 down 37.95 |
| NASDAQ: 2,219.17 down 83.86 | Bond (10Y): 3.20% down 0.184
|---------------------------------------------------------------------------|

MARKETS:
Stocks to fall after jobs report
Futures tumble after May data disappoint investors

Breaking News: Stocks plunge; Dow closes below 10,000

Date: Fri, 04 Jun 2010 14:20:30 -0600

NEW YORK (AP) - Stock closed sharply down Friday after investors were
unimpressed with a Census-inflated jobs report and a shaky euro that
hit a four-year low. The Dow Jones industrials fell 323.91, or 3.16%
to 9,931.37. The Standard & Poor's 500 index dropped -37.82, or 3.43%,
to 1,065.01. The Nasdaq composite index plunged 83.86, or 3.64%, to
2,219.17.

Dow sinks 320 points, or more than 3%, on weak jobs report and euro hitting 4-year low.

Date: Fri, 4 Jun 2010 14:53:05 -0400

Dow sinks 320 points, or more than 3%, on weak jobs report and euro
hitting 4-year low.

Weak May hiring weighs on Wall Street

Date: Fri, 04 Jun 2010 12:01:23 -0400

WEAK MAY HIRING WEIGHS ON WALL STREET
A weak U.S. jobs report and fresh worries about the euro-zone's
economy sends stocks sharply lower at the open Friday.

BP LOWERS CAP ON LEAKING WELL, BUT RESULTS UNCLEAR
BP places a containment cap over the leaking pipe in the Gulf of
Mexico, but it is still unclear how successful the firm will be in
stemming the flow of oil with this latest emergency move.

SPILL COULD MEAN DARK TIMES FOR SUNSHINE STATE
Already reeling from a real-estate crisis and deep economic slump,
Florida faces yet another cataclysm if oil from the Gulf spill mars
its famous shores, scaring away tourists and wreaking havoc on
fisheries.

U.S. economy adds 431,000 jobs in May; 411,000 are temporary Census hirings

Date: Fri, 04 Jun 2010 08:33:37 -0400

U.S. economy adds 431,000 jobs in May; 411,000 are temporary Census hirings
06/04/2010 08:31:52 AM EDT

Breaking News: May job gains weak

Date: Fri, 04 Jun 2010 06:58:26 -0600

May job gains weak; unemployment drops to 9.7%

Markets, Thursday, 06/3/2010

Date: Thu, 3 Jun 2010 17:31:04 -0400
|---------------------------------------------------------------------------|
| Dow : 10,255.28 up 5.74 | S & P : 1,102.83 up 4.45
|
| NASDAQ: 2,303.03 up 21.96 | Bond (10Y): 3.38% up 0.045
|---------------------------------------------------------------------------|
MARKETS:
Stocks stage recovery
Tech-fueled Nasdaq gains, helping the broader market stabilize after
the morning's rash of mixed economic news.

Stocks struggle to extend prior session's gains

Date: Thu, 03 Jun 2010 12:00:52 -0400

STOCKS STRUGGLE TO EXTEND PRIOR SESSION'S GAINS
U.S. stocks struggle to hold a second day of gains as gauges from
Europe prompt concern and investors sort through varied economic data
ahead of Friday's monthly jobs report.

PREFERRED STOCKS SHINE IN VOLATILE MARKET
With banks paying next to nothing on money market accounts, this a
good time for income-oriented investors to consider preferred stocks.

WITH FEAR BACK, STOCKS CAN RISE
The outlook for stocks for the rest of year is bleak, given so much
uncertainty about how much the European crisis and slow growth in
China might cost the global economy.

ASIAN SHARES UP; FINANCIALS AND AUTOS LEAD GAINS
Asian stock markets end mostly higher, with Shanghai failing to take
part in the regional rally and with Tokyo's Nikkei 225 marking its
biggest rally of the year as exporters cheer a falling yen amid
speculation about Japan's next prime minister.

U.S. STOCKS POISED FOR OPENING RISE AFTER DATA
U.S. stock market futures point to a second day of gains ahead of a
raft of economic data.

U.S. services sector shows expansion in May: ISM

Date: Thu, 03 Jun 2010 10:07:57 -0400

U.S. services sector shows expansion in May: ISM
06/03/2010 10:06:04 AM EDT

U.S. private-sector payrolls rise by 55,000 in May, ADP sampling data show

Date: Thu, 03 Jun 2010 08:19:10 -0400

U.S. private-sector payrolls rise by 55,000 in May, ADP sampling data show
06/03/2010 08:17:27 AM EDT

Fwd: Number of people filing for first-time jobless benefits falls by 10,000 to 453,000, government says.

Date: Thu, 3 Jun 2010 08:33:06 -0400

Number of people filing for first-time jobless benefits falls by
10,000 to 453,000, government says.

Markets, Wednesday, 06/2/2010

Date: Wed, 2 Jun 2010 17:31:04 -0400

|---------------------------------------------------------------------------|
| Dow : 10,249.54 up 225.52 | S & P : 1,098.38 up 27.67 |
| NASDAQ: 2,281.07 up 58.74 | Bond (10Y): 3.33% up 0.038
|---------------------------------------------------------------------------|

MARKETS:
Stocks rally 2% on energy boost
U.S. markets make a comeback Wednesday as energy and technology shares rally.

U.S. stocks recoup some recent losses

Date: Wed, 02 Jun 2010 12:00:55 -0400

U.S. STOCKS RECOUP SOME RECENT LOSSES
U.S. stocks rise modestly Wednesday, regaining some lost ground after
a two-session losing streak, as investors bet the prior day's blasting
of energy shares was overdone.

COMMODITY-SECTOR SHARES UNDER PRESSURE IN EUROPE
European share indexes lose ground, pulled down by broad losses for
commodity-sector companies and another slide for BP shares.

HONG KONG, AUSTRALIA FALL AS JAPAN SLIPS BACK
Some of Asia's major stock markets closed lower Wednesday, with a
brief climb in the Japanese market giving way to a decline after
traders had time to digest the resignation of the country's prime
minister.

JOBS REMINDS US HOW FAR APPLE HAS COME
Steve Jobs reminds all of us how far Apple Inc. has come in the last
13 years or so since he came back to the company he co-founded.
------------------------------------------------------------------
REALITY UPDATE:
The recession has transformed more consumers into discount shoppers,
and now websites that harness the power of group purchasing are
helping them get even better deals.

Japanese Prime Minister Hatoyama to step down: NHK

Date: Tue, 01 Jun 2010 20:56:09 -0400

Japanese Prime Minister Hatoyama to step down: NHK
06/01/2010 08:54:11 PM EDT

Markets, Tuesday, 06/1/2010

Date: Tue, 1 Jun 2010 17:32:04 -0400

|---------------------------------------------------------------------------|
| Dow : 10,024.02 down 112.61 | S & P : 1,070.71 down 18.70 |
| NASDAQ: 2,222.33 down 34.71 | Bond (10Y): 3.30% down 0.005
|---------------------------------------------------------------------------|

MARKETS:
Is the euro crisis over or just beginning?
The euro rebounded after briefly hitting a 4-year low against the
dollar. While some think Europe has stabilized, others fear more pain
to come - and that's not good for the U.S.

BP valuation takes $17 bln hit on top-kill failure

Date: Tue, Jun 1, 2010 at 12:00 PM

BP VALUATION TAKES $17 BLN HIT ON TOP-KILL FAILURE

BP's failed attempt at pouring thousands of barrels of mud to plug the worst oil spill in U.S. waters sent shares of the London-based oil giant down by 13% in early New York trade on Tuesday. 

BP ONTO NEXT REMEDY, SAYS LEAK MAY LAST TIL AUGUST
 The company  is preparing to cut a damaged pipe in the hope it will be easier to put a new, smaller, dome on top of a clean break.  
 The disastrous oil spill in the Gulf of Mexico has showcased the need for better robotics technology.

U.S. STOCKS RISE ON ECONOMIC REPORTS

The U.S. stock market kicks off June with an early decline as developments in Europe, Asia and the Middle East undermine confidence, but latest domestic economic data help turn the tide. 

MODEST DROP IN MAY ISM FACTORY DATA

Activity at U.S. manufacturing firms slows bit after hitting a six-year high in April, according to a closely followed survey of top executives.  

Manufacturing grows for the 10th straight month in May, although at a slower pace than the month before, purchasing managers say.

Date: Tue, 1 Jun 2010 10:06:06 -0400

Manufacturing grows for the 10th straight month in May, although at a
slower pace than the month before, purchasing managers say.