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Market Close Report: NASDAQ Composite index closes at 3,498.97 up 33.73 points

Friday's session closes with the NASDAQ Composite Index at 3,498.97. The total shares traded for the NASDAQ was over 1.78 billion. Advancers stocks led declining by 2.2 to 1 ratio. There were [...]


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Moving the Market

 Briefing.com - LIVE market analysis Market Summary  | Stocks On The Move
5/17/2013 4:15 PM ET
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[BRIEFING.COM] The S&P 500 ended this week with a bang, roaring to a new all-time high on the back of stronger-than-expected economic data, influential leadership, and an ongoing appreciation for the Fed's monetary policy...

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  • 9:35 PM   Of the €208.2B in non-performing loans Spanish banks have refinanced (in order to avoid recognizing them as NPLs), nearly half are treated as though they are not distressed, dubiously eliminating the need to take provisions against them, FTsays. These banks have until September to reclassify restructured loans under tougher guidelines, a mandate that will likely necessitate fresh provisioning at some institutions. Between them, Santander (SAN), [[BBVA]], and Caixabank (CAIXY.PK) had €76B in refinanced debt on their books at the end of last year. 5 comments!
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