ENP Newswire - 20 June 2014
Release date- 20062014 - US close: Stocks end at their best levels of the day.
US to send military advisers to Iraq - Initial unemployment claims slightly lower than forecast - Stocks finish at their best levels of the day Dow Jones Industrials: 0.09% Nasdaq Composite: -0.09% S&P 500: 0.10% US stocks finished in a mixed fashion but at their best levels of the session after Federal Reserve Chair Janet Yellen delivered a 'dovish' message following the previous day's monetary policy meeting and a report showed the number of weekly jobless claims eased more than forecast. The central bank yesterday announced it would maintain interest rates at 0.25% but cut a further $10bn off monthly asset purchases to $35bn.
'Economic activity has rebounded in recent months,' the Federal Open Market Committee said. Policymakers reiterated that they will continue to reduce the pace of asset purchases in further measured steps, given the pick-up in the economy. Acting as a backdrop, towards midday President Obama announced the US would send 300 military advisers to the country.
The possibility also exists that targeted air strikes will be carried out in support of Baghdad.
Initial jobless came in at 312,000 in the week to June 14th after a revised 318,000 claims the previous week.
Analysts had predicted 314,000 claims.
'Overall, this report is consistent with the steady improvement in the separations side of the labour market in the second quarter after a volatile first quarter in which continuing claims moved higher in January before resuming their downward trend in February,' Barclays Research said.
BlackBerry, Red Hat BlackBerry gained after reporting a narrower first-quarter loss than analysts had projected.
Red Hat jumped after the seller of Linux operating-system software increased its annual revenue forecast.
Starbucks edged higher after UBS boosted its rating on the world's largest coffee-shop chain to 'buy' from 'neutral'. Treasury yields off a tad The US 10-year yield fell two basis points to 2.57%. West Texas Intermediate crude futures fell $0.236 to $105.720 per barrel, according to the ICE, amid concerns that the Iraq turmoil will disrupt oil supplies. S&P 500 - Risers Kroger Co.
(KR) $49.66 +5.06% Celgene Corp.
(CELG) $168.31 +4.49% Red Hat Inc.
(RHT) $55.11 +3.79% Coca-Cola Enterprises Inc.
(CCE) $47.53 +3.46% Newmont Mining Corp.
(NEM) $24.54 +3.37% Jabil Circuit Inc.
(JBL) $20.63 +2.64% Valero Energy Corp.
(VLO) $57.09 +2.61% Starbucks Corp.
(SBUX) $77.23 +2.21% Eog Resources Inc.
(EOG) $115.80 +1.99% Monster Beverage Corp (MNST) $72.75 +1.92% S&P 500 - Fallers Coach Inc.
(COH) $35.69 -8.93% Juniper Networks Inc.
(JNPR) $24.21 -4.12% SLM Corp.
(SLM) $8.35 -3.80% Keurig Green Mountain Inc (GMCR) $121.56 -3.59% ConAgra Foods Inc.
(CAG) $29.38 -3.58% Expedia Inc.
(EXPE) $77.88 -3.07% Whole Foods Market Inc.
(WFM) $40.54 -3.05% E*TRADE Financial Corp.
(ETFC) $21.28 -2.70% F5 Networks Inc.
(FFIV) $109.52 -2.68% Regeneron Pharmaceuticals Inc.
(REGN) $297.69 -2.49% Dow Jones I.A - Risers Unitedhealth Group Inc.
(UNH) $80.51 +1.64% Chevron Corp.
(CVX) $131.99 +1.31% Johnson & Johnson (JNJ) $103.81 +0.97% Procter & Gamble Co.
(PG) $80.24 +0.56% Coca-Cola Co.
(KO) $41.79 +0.55% McDonald's Corp.
(MCD) $101.91 +0.55% Intel Corp.
(INTC) $30.09 +0.53% AT&T Inc.
(T) $35.36 +0.45% Cisco Systems Inc.
(CSCO) $24.71 +0.32% United Technologies Corp.
(UTX) $117.58 +0.30% Dow Jones I.A - Fallers JP Morgan Chase & Co.
(JPM) $57.30 -0.83% Nike Inc.
(NKE) $75.64 -0.75% E.I.
du Pont de Nemours and Co.
(DD) $67.40 -0.72% American Express Co.
(AXP) $95.07 -0.51% Visa Inc.
(V) $210.32 -0.44% International Business Machines Corp.
(IBM) $182.82 -0.42% Pfizer Inc.
(PFE) $29.59 -0.40% Microsoft Corp.
(MSFT) $41.51 -0.34% Home Depot Inc.
(HD) $80.44 -0.33% Caterpillar Inc.
(CAT) $107.25 -0.21% Nasdaq 100 - Risers Celgene Corp.
(CELG) $168.31 +4.49% Nxp Semiconductors Nv (NXPI) $64.99 +3.29% Starbucks Corp.
(SBUX) $77.23 +2.21% Monster Beverage Corp (MNST) $72.75 +1.92% Vimpelcom Ltd Ads (VIP) $8.61 +1.65% Wynn Resorts Ltd.
(WYNN) $202.61 +1.61% Altera Corp.
(ALTR) $35.07 +1.04% Illumina Inc.
(ILMN) $172.70 +0.99% Kraft Foods Group, Inc.
(KRFT) $60.05 +0.89% Symantec Corp.
(SYMC) $22.14 +0.89% Nasdaq 100 - Fallers Keurig Green Mountain Inc (GMCR) $121.56 -3.59% Expedia Inc.
(EXPE) $77.88 -3.07% Whole Foods Market Inc.
(WFM) $40.54 -3.05% F5 Networks Inc.
(FFIV) $109.52 -2.68% Vodafone Group Plc ADS (VOD) $32.93 -2.52% Regeneron Pharmaceuticals Inc.
(REGN) $297.69 -2.49% Nvidia Corp.
(NVDA) $19.14 -2.31% Amazon.Com Inc.
(AMZN) $327.00 -2.21% Facebook Inc.
(FB) $64.34 -1.92% Western Digital Corp.
(WDC) $91.28 -1.84% AB