Wall St Stabilizes After 6 Days of Gains, Energy Sector Advances

Posted by Joseph R. Fonseca
Monday, June 23, 2014

 

U.S. stocks ended little changed on Monday in a quiet session, as investors saw little reason to continue buying on Wall Street after a winning streak of six days of the S & P 500, although the activity mergers and acquisitions boosted the energy sector.

* The S & P 500 halted its longest streak profit since mid-April, after hitting session highs on Friday, with the Dow Jones. Investors await catalyst to continue the progress, but the upward trend is seen Wall Street largely intact.

* Sales of U.S. existing homes rose in May at a rate more than double than expected, while the preliminary reading of manufacturing index hit its highest level since May 2010.

* Other probes gave positive signals on articles about the global economic outlook, while Europe remained threatened by the specter of stagnation.

* The Dow Jones industrial average fell 9.82 points, or 0.06 percent, at 16,937.26 units, the S & P 500 index lost 0.26 points, 0.01 percent, to 1962.61 and the Nasdaq Composite It added 0.64 points, or 0.01 points, to 4368.68 units.

* The energy sector posted the biggest climbs of the day, rising 0.4 percent. Wisconsin Energy agreed to buy Integrys Energy Group Inc 9,100 million. Shares of Integrys achieved the best performance of S & P 500, adding 12.1 percent to $ 68.35.

* Plus, Oracle Corp. announced that it will acquire Micros Systems in a transaction valued at 5,300 million operation. Micros titles rose 3.4 percent to $ 67.98, while Oracle's papers totaled 0.7 percent to $ 41.1.

* Shares of ParkerVision Inc sank to lose 63 percent to $ 1.85, after a U.S. judge overturned a verdict that had ordered Qualcomm Inc to pay $ 173 million for patent infringement. 

(Editing by Bill Trott Spanish)

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Baltic Index Rises for Fifth Consecutive Session

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Tuesday for a fifth straight session on stronger demand across all vessel segments.

Singapore Exchange, Baltic Exchange Continue Transaction Talks

Singapore Exchange (SGX) has agreed with the Baltic Exchange Limited (Baltic Exchange) to extend the period of exclusive discussions regarding a cash offer for

Hanjin to Return 38 Vessels Next Year

Hanjin Shipping is planning to return a total of 38 chartered vessels once their contracts end as part of its restructuring efforts, reports the Korea Herald. A

Energy

Gas Plant Fire Halts US Gulf Coast Platforms

At least two offshore oil platforms halted operations on Tuesday in the U.S. Gulf of Mexico after a fire at a natural gas processing plant in Mississippi shut a

China's Robust Crude Oil Imports Mask Changing Fuel Dynamics

China is a bigger concern for crude oil and products markets than the current worries about the British vote to leave the European Union.   While the news media

EU to Accept Antitrust Offer from Maersk, MSC, 13 Others

World No.1 container liner Maersk, Swiss peer MSC and 13 other shipping firms are set to escape possible penalties as EU antitrust regulators plan to accept their offer to end a five-year probe,

News

Fundraiser Held for USS Gerald R. Ford Crew

Blackmer, a company in positive displacement and centrifugal pump and reciprocating compressor technologies, has a relationship with the U.S. Military that dates

Gas Plant Fire Halts US Gulf Coast Platforms

At least two offshore oil platforms halted operations on Tuesday in the U.S. Gulf of Mexico after a fire at a natural gas processing plant in Mississippi shut a

Meercat Workboats Scores a Hat-trick

The U.K.’s Meercat Workboats says it scored a hat-trick; the Hampshire-based boat builder announced it is moving premises, that Seawork was a huge success and that

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Navigation Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0964 sec (10 req/sec)