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Coutts-US midday: Stocks little changed after factory data

June 4, 2014



ENP Newswire - 04 June 2014

Release date- 03062014 - US midday: Stocks little changed after factory data.

Stocks little changed ahead of ECB and US jobs data - Factory orders slow - Weaker than expected data in the Eurozone and China Dow Jones Industrials: -0.13% Nasdaq Composite: -0.17% S&P 500: -0.05% US stocks registered slight declines as factory orders in the world's biggest economy slowed and Eurozone inflation eased. US factory orders rose by 0.7% in April following a 1.5% increase in March, beating analysts' expectations for a 0.5% gain. In the euro-area, inflation fell to 0.5% last month from 0.7% in April, according to the European Union's statistics office in Luxembourg today.

Economists had predicted a decline to 0.6%. The data adds pressure on the European Central Bank (ECB) to address weak inflation ahead of its Thursday meeting.

The ECB is projected to ease policy to bring prices up to its target of just under 2%.

Meanwhile, in China, the purchasing managers' index (PMI) from HSBC Holdings and Markit Economics climbed to 49.4 in May from 48.1 in April.

However, it missed the 49.7 forecast and was under the 50 level that signals expansion.

Later on Federal Reserve official Esther George is also due to speak on the US economy. Krispy Kreme slides Krispy Kreme Doughnuts slumped after cutting its earnings forecast due to rising costs and slow first-quarter sales.

Quiksilver declined after the surfwear retailer posted a wider loss than analysts had estimated Hillshire Brands advanced after confirming that Pilgrim's Pride Corp.

has increased its bid for the food producer. The US 10-year yield rose by four basis points to 2.57%. West Texas Intermediate crude futures slipped by 0.03% to $102.44 per barrel on the NYMEX. S&P 500 - Risers Dollar General Corp (DG) $56.76 +4.53% FirstEnergy Corp.

(FE) $34.72 +3.50% Lam Research Corp.

(LRCX) $64.16 +3.42% Applied Materials Inc.

(AMAT) $21.19 +3.27% Broadcom Corp.

(BRCM) $35.82 +2.82% Carmax Inc.

(KMX) $45.47 +2.64% Fifth Third Bancorp (FITB) $21.33 +1.81% Exelon Corp.

(EXC) $37.20 +1.64% Frontier Communications Co.

(FTR) $5.80 +1.49% Best Buy Co.

Inc.

(BBY) $27.86 +1.46% S&P 500 - Fallers Wynn Resorts Ltd.

(WYNN) $207.70 -4.73% Allegheny Technologies Inc.

(ATI) $39.28 -3.48% E*TRADE Financial Corp.

(ETFC) $19.86 -2.93% Allergan Inc.

(AGN) $167.56 -2.72% NetApp Inc.

(NTAP) $36.58 -2.48% Cablevision Systems Corp.

(CVC) $17.20 -2.44% Harris Corp.

(HRS) $75.41 -2.29% Salesforce.Com Inc.

(CRM) $51.19 -2.28% Alcoa Inc.

(AA) $13.54 -2.09% Tyson Foods Inc.

(TSN) $42.52 -2.03% Dow Jones I.A - Risers Intel Corp.

(INTC) $27.48 +0.79% Goldman Sachs Group Inc.

(GS) $160.98 +0.60% Exxon Mobil Corp.

(XOM) $100.44 +0.50% Unitedhealth Group Inc.

(UNH) $79.86 +0.49% 3M Co.

(MMM) $142.93 +0.43% United Technologies Corp.

(UTX) $117.89 +0.42% Coca-Cola Co.

(KO) $40.99 +0.31% Johnson & Johnson (JNJ) $102.37 +0.20% JP Morgan Chase & Co.

(JPM) $55.45 +0.18% Chevron Corp.

(CVX) $122.37 +0.13% Dow Jones I.A - Fallers Nike Inc.

(NKE) $75.79 -1.22% Visa Inc.

(V) $211.20 -1.09% Verizon Communications Inc.

(VZ) $49.53 -1.04% Microsoft Corp.

(MSFT) $40.41 -0.93% E.I.

du Pont de Nemours and Co.

(DD) $68.83 -0.63% International Business Machines Corp.

(IBM) $184.53 -0.62% Walt Disney Co.

(DIS) $83.81 -0.55% Travelers Company Inc.

(TRV) $93.20 -0.54% Cisco Systems Inc.

(CSCO) $24.66 -0.50% Procter & Gamble Co.

(PG) $80.06 -0.38% Nasdaq 100 - Risers Applied Materials Inc.

(AMAT) $21.19 +3.27% Broadcom Corp.

(BRCM) $35.82 +2.82% Liberty Media Corporation - Class A (LMCA) $128.66 +1.21% Gilead Sciences Inc.

(GILD) $82.49 +1.15% Dollar Tree Inc (DLTR) $53.88 +1.05% Amgen Inc.

(AMGN) $117.54 +0.94% Intel Corp.

(INTC) $27.48 +0.79% Mondelez International Inc.

(MDLZ) $37.92 +0.78% Altera Corp.

(ALTR) $33.37 +0.77% Akamai Technologies Inc.

(AKAM) $54.74 +0.70% Nasdaq 100 - Fallers Wynn Resorts Ltd.

(WYNN) $207.70 -4.73% NetApp Inc.

(NTAP) $36.58 -2.48% Baidu Inc.

(BIDU) $163.34 -2.34% Google Inc.

(GOOGL) $554.77 -1.70% Liberty Global plc Series A (LBTYA) $44.89 -1.58% Symantec Corp.

(SYMC) $21.52 -1.56% Adobe Systems Inc.

(ADBE) $63.65 -1.53% Paychex Inc.

(PAYX) $40.33 -1.35% Equinix Inc.

(EQIX) $197.38 -1.34% Nvidia Corp.

(NVDA) $18.69 -1.32% AB


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Source: ENP Newswire


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