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

Finance

NOL Posts Q1 Net Loss of $105 Mln

NOL Group reported a first quarter 2016 net loss after tax of $105 million. Core EBIT (Earnings before Interest, Taxes and Non-Recurring Items) for the period was a loss of $84 million,

US Aims to Recover El Faro VDR in Next Few Months

The U.S. National Transportation Safety Board hopes to recover the voyage data recorder from the cargo ship El Faro, which sank during a hurricane killing all 33 crew on board,

Ships Idled as Greeks Strike Again

Policy reforms required to meet bailout terms; parliament expected to measures on May 8. Greeks started a 48-hour nationwide strike on Friday in anger at tax

News

Concrete Floating Docks Delivered to Boston FD

As a part of a waterfront upgrade project at the Boston Fire Dept Burroughs Wharf Station, a floating dock system of Type 1200 concrete floating docks manufactured

ShipDC Launches with New Leader at the Helm

Ship Data Center Co., Ltd., a wholly owned subsidiary set up by ClassNK, has officially commenced operations of its big data center, ShipDC, from April 2016. Taking

Crowley Christens Third LNG-ready Product Tanker

Crowley Maritime Corporation christened the third of four new LNG-ready Jones Act product tankers at a May 5 ceremony at the Julia Street Cruise Terminal in New Orleans.

 
 
Maritime Security Naval Architecture Port Authority Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
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: 0.0974 sec (10 req/sec)