Market movers
Dow Jones: +10 at 13,333
S&P 500: +3 at 1,437
NASDAQ Composite: +10 at 3,114
LONDON (SHARECAST) - US equities advanced for the second day in succession, encouraged by a positive ruling out of Germany’s Constitutional Court on the Eurozone’s new rescue-fund, the so-called ESM.
Facebook was now one of the best perfomers after its chief executive officer, Mark Zuckerberg, said he will move to capitalise on the opportunities offered by mobile advertising.
Oil producer Chesapeake Energy was wanted after agreeing to sell $6.9bn of assets to narrow a cash-flow shortfall.
Industrial holding company GE attracted interest after it said it could sell a $2.2bn stake in a Thai bank.
House builders such as PulteGroup perked ip after Goldman Sachs suggested the housing sector might see an increase in activity.
As expected, Apple released the new version of its iPhone to much media hoop-la; the shares were marginally firmer in after-hours trading.
Prices increase more slowly than forecast
Import prices rose at an 0.7% month-on-month pace in July (Consensus: 1.7%).
Oil comes off the boil
Crude oil futures settled lower on Wednesday, snapping five days of consecutive gains, as US weekly stockpile data showed a surprise inventories increase.
Crude for October delivery settled 16 cents lower at $97.01 a barrel on the New York Mercantile Exchange.
Among precious metals gold ended lower, after a volatile session, as traders squared positions ahead of possible stimulus measures from the Federal Reserve.
Gold for December delivery retreated $1.20 to settle at $1,733.70 an ounce on the Comex division of the New York Mercantile Exchange.
S&P 500 - Risers
Vulcan Materials Co. (VMC) $46.46 +10.70%
Sears Holdings Corp. (SHLD) $60.90 +7.67%
PulteGroup Inc. (PHM) $15.55 +6.00%
Abercrombie & Fitch Co. (ANF) $37.92 +5.42%
Lennar Corp. Class A (LEN) $34.52 +4.35%
Juniper Networks Inc. (JNPR) $19.33 +4.26%
E*TRADE Financial Corp. (ETFC) $9.32 +4.25%
CBRE Group Inc (CBG) $18.35 +3.97%
Advanced Micro Devices Inc. (AMD) $3.89 +3.73%
Southwestern Energy Co. (SWN) $35.39 +3.60%
S&P 500 - Fallers
Monster Beverage Corp (MNST) $50.78 -9.90%
Lorillard Inc. (LO) $115.76 -4.33%
Altria Group Inc. (MO) $33.30 -3.17%
Airgas Inc. (ARG) $83.01 -2.81%
Dean Foods Co. (DF) $16.07 -2.78%
Cliffs Natural Resources Inc. (CLF) $40.62 -2.54%
Automatic Data Processing Inc. (ADP) $57.39 -2.46%
Owens-Illinois Inc. (OI) $19.33 -2.18%
PepsiCo Inc (PEP) $70.06 -2.12%
AES Corp. (AES) $11.26 -2.09%
Dow Jones I.A - Risers
Verizon Communications Inc. (VZ) $44.89 +1.47%
General Electric Co. (GE) $21.89 +1.39%
Travelers Company Inc. (TRV) $67.54 +0.88%
JP Morgan Chase & Co. (JPM) $39.92 +0.81%
Caterpillar Inc. (CAT) $89.12 +0.59%
Home Depot Inc. (HD) $57.05 +0.58%
Dow Jones I.A - Fallers
E.I. du Pont de Nemours and Co. (DD) $50.23 -1.61%
Bank of America Corp. (BAC) $8.97 -0.66%
Intel Corp. (INTC) $23.19 -0.64%
Coca-Cola Co. (KO) $37.55 -0.58%
Nasdaq 100 - Risers
Sears Holdings Corp. (SHLD) $60.90 +7.67%
Wynn Resorts Ltd. (WYNN) $107.45 +2.53%
F5 Networks Inc. (FFIV) $96.97 +1.74%
Garmin Ltd. (GRMN) $40.99 +1.74%
Micron Technology Inc. (MU) $6.47 +1.73%
Yahoo! Inc. (YHOO) $15.40 +1.58%
Staples Inc. (SPLS) $11.54 +1.50%
Cognizant Technology Solutions Corp. (CTSH) $68.20 +1.40%
Apple Inc. (AAPL) $669.79 +1.39%
Broadcom Corp. (BRCM) $36.08 +1.38%
Nasdaq 100 - Fallers
Monster Beverage Corp (MNST) $50.78 -9.90%
Green Mountain Coffee Roasters Inc. (GMCR) $30.87 -4.01%
Sirius Satellite Radio Inc. (SIRI) $2.42 -3.00%
Baidu Inc. (BIDU) $107.09 -2.48%
Automatic Data Processing Inc. (ADP) $57.39 -2.46%
Cerner Corp. (CERN) $71.40 -1.95%
Life Technologies Corp. (LIFE) $47.00 -1.24%
Paychex Inc. (PAYX) $33.72 -1.14%
Fossil Inc. (FOSL) $84.06 -1.05%
Marvell Technology Group Ltd. (MRVL) $10.25 -0.97%
LONDON (SHARECAST) - US equities advanced for the second day in succession, encouraged by a positive ruling out of Germany’s Constitutional Court on the Eurozone’s new rescue-fund, the so-called ESM.
