(INDEXSP:.INX) finished the day flat after opening down 0.2%. There
was no major US or international economic data released today.
Trading volumes were low with 9.1B shares changing hands on US
Gold closed up 0.7% on the day to $1,293. Crude oil finished up
marginally, closing the week at about $108 per barrel. The 10-year
yield dropped 4 bps to 2.49%.
) finished the day down 1.5% after releasing earnings that missed
analyst estimates after yesterday's close. The stock initially
traded down 6% on the news, but rallied throughout the day.
) reported very disappointing earnings yesterday afternoon, and
shares traded down 12% today. The
(INDEXNASDAQ:.IXIC) finished the day down 0.7%.
The city of Detroit filed for bankruptcy after market close
yesterday. Municipal bonds remained under pressure today as a
result. Fitch, one of the three major credit rating agencies,
released a report stating that it was doubtful holders of Detroit's
general obligations bonds would receive any money back.
The SEC charged Steve Cohen with failure to supervise two managers
at his fund who were convicted of insider trading earlier this
Monday's Financial Outlook
The Chicago Fed national activity index will be released at 8:30
a.m. EDT on Monday. June existing home sales will be released at
10:00 a.m. EDT. The estimate for June is 5.25 million.
There will be no notable economic data releases from the rest of
(NFLX) will be releasing earnings on Monday.