News & Commentary

Market Close Report: NASDAQ Composite index closes at 3,443.20 down -38.98 points

Wednesday's session closes with the NASDAQ Composite Index at 3,443.20. The total shares traded for the NASDAQ was over 1.65 billion. Declining stocks led advancers by 2.72 to 1 ratio. There were 671 advancers and 1823 decliners for the day. On the NASDAQ Stock Exchange 37 stocks reached a 52 week high and 22 [...]


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Daily Wrap:  June 19, 2013
Daily Wrap: June 19, 2013          

Moving the Market

Briefing.com - LIVE market analysis Market Summary  | Stocks On The Move
6/19/2013 4:25 PM ET
[BRIEFING.COM][BRIEFING.COM] Equities ended on their lows with the S&P 500 down 1.4%.

The S&P entered today's session with a week-to-date gain of 1.5% as investors expected reassuring words from today's Federal Open Market Committee Statement....

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  • 5:20 PM   In tandem with its FQ3 results, Jabil (JBL) is announcing a restructuring. The contract manufacturer plans to cut an undisclosed number of jobs, and record $180M in charges (cash charges will total $140M).  FQ4 guidance is for revenue of $4.55B-$4.65B and EPS of $0.50-$0.58, below a consensus of $4.59B and $0.60. Jabil sees its High Velocity manufacturing sales rising 15% Y/Y in FQ4, and its Diversified Manufacturing and Enterprise & Infrastructure sales holding steady. Shares -0.3% AH. ( PR)
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