personal income and personal spending was mixed and the Chicago Fed PMI reading came out as expected. The consumer sentiment index pulled off last month’s six-year high and it was this the clinched the deal for a sell-off all around.August 30, 2013: U.S. markets opened slightly higher on Friday morning but soured almost immediately. Data on
European markets closed lower today, while Asian and Latin American markets closed mixed.
Just a reminder that U.S. markets are closed Monday for the Labor Day holiday.
Tuesday’s calendar includes the following data releases and events (all times Eastern):
- 8:58 a.m. – PMI manufacturing index
- 10:00 a.m. – ISM manufacturing index
- 10:00 a.m. – Construction spending
- 11:30 a.m. – 3- and 6-month bill auctions
Here are the closing bell levels for Friday:
- S&P500 1,632.95 (-5.22; -0.32%)
- DJIA 14,810.31 (-30.64; -0.21%)
- NASDAQ 3,589.87 (-30.43; -0.84%)
- 10YR TNOTE 2.779% (-0.125%)
- Gold $1,396.10 (-16.80; -1.2%)
- Euro/Dollar: 1.3218 (-0.0023; -0.17%)
Big earnings movers: Salesforce.com Inc. (NYSE: CRM) is up 12.5% at $49.11 and posted a new 52-week high of $49.94 today. Krispy Kreme Doughnuts Inc. (NYSE: KKD) is down $15 at $19.74. Splunk Inc. (NASDAQ: SPLK) is up 12.8% at $55.18 after posting a new 52-week high of $55.83 earlier today. Big Lots Inc. (NYSE: BIG) is up 2.3% at $35.42. ReneSola Ltd. (NYSE: SOL) is up 8% at $4.75.
Stocks on the move: Apache Corp. (NYSE: APA) is up 8.9% at $85.66 after a $3.1 billion asset sale to Sinopec. OmniVision Technologies Inc. (NASDAQ: OVTI) is down 16.1% at $15.45 after warning on earnings due to lower sales of smartphones. E-Commerce China Dangdang Inc. (NYSE: DANG) is down 10.1% at $7.80 on a downgrade from JPMorgan.
In all, 18 stocks put up new 52-week highs today, while 39 stocks posted new lows.