Investing
Closing Bell for Monday on Wall Street: Markets Hold On to Early Gains
July 15, 2013 4:07 pm
Last Updated: March 19, 2020 10:12 am
July 15, 2013: U.S. equity markets opened slightly higher this morning but the report on U.S. retail sales pushed shares into the red early. A later report on business inventories
The U.S. dollar index is trading up 0.08% today, now at 83.0540. The GSCI commodity index is up 0.5% at 644.63. WTI crude oil closed up 0.4% today, at $106.32 a barrel. Brent crude trades up 0.3% at $109.10 a barrel. Natural gas is up 0.9% today at about $3.68 per million BTUs. Gold for August delivery settled up 0.5% today at $1,283.50.
The unofficial closing bells put the DJIA up nearly 20 points to 15,484.26 (0.13%), the NASDAQ rose more than 7 points (0.21%) to 3,607.49, and the S&P 500 rose 0.14% or more than 2 points to 1,682.50.
There were a several analyst upgrades and downgrades today, including:
Earnings reports since markets closed last Friday resulted in one price move today:
Before markets open tomorrow morning we are scheduled to hear earnings results from Goldman Sachs Group Inc. (NYSE: GS), Johnson & Johnson (NYSE: JNJ), Mosaic Co. (NYSE: MOS),
Some standouts among heavily traded stocks today include:
Leap Wireless International Inc. (NASDAQ: LEAP) is up 114.3% at $17.10 after posting a new 52-week high of $17.25 earlier today. The wireless carrier is being acquired by AT&T Inc. (NYSE: T) for $15 a share. Investors clearly think the bidding will rise — and so do we.
LDK Solar Co. Ltd. (NYSE: LDK) is up 22.6% at $1.76. The Chinese solar panel maker is the biggest gainer among solar shares today, following a Chinese government announcement on new solar installations in the country and how the government will pick its solar industry winners.
Inteliquent Inc. (NASDAQ: IQNT) is up 40.4% at $8.55. The Internet services provider boosted its quarterly estimates this morning.
Stay tuned for Tuesday. Kansas City Fed President Elizabeth George is giving a speech. We have also noted the following events on the schedule (all times Eastern):