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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
[BRIEFING.COM]

[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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  • 9:30 AM   Nonperforming loans (as a percentage of total loans) are growing in the eurozone periphery by a disconcerting 2.5% per year, JPMorgan says, adding that the problem appears endemic outside the eurozone core as NPLs are 25%, 19%, 13.4%, and 10% in Greece, Ireland, Italy, and Portugal respectively. This raises questions about the impairment capacity of banks and what steps will ultimately be taken to provision against these underperformers. (Also: Spain's banks to reclassify refies, Slovenia NPLs contribute to downgrade, need to be transferred)
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