Weekly Market Wrap: June 26, 2015 Friday, June 26, 12:16 PM ET
The twenty-fifth full trading week of 2015 comes to a close with the Dow Jones and S&P 500 slightly higher and the NASDAQ composite lower on the day, in early afternoon trading on Friday.
Most actively traded stocks include Micron Technology (NASDAQ:MU) down 18.5%, Bank of America (NYSE:BAC) up 0.35%, and Intel (NASDAQ:INTC) down 2.88%.
The S&P 500, Dow and NASDAQ are all lower over the last five trading days.
Crude oil futures are basically flat this week, trading at $59.58 per barrel on Friday afternoon.
And Gold futures are lower this week, trading at $1173.45 an ounce this morning.
In economic news, real gross domestic product -- the value of the production of goods and services in the United States, adjusted for price changes -- decreased at an annual rate of 0.2 percent in the first quarter of 2015, according to the "third" estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 2.2 percent.
The GDP estimate released today is based on more complete source data than were available for the "second" estimate issued last month. In the second estimate, the decrease in real GDP was 0.7 percent. With the third estimate for the first quarter, exports decreased less than previously estimated, and personal consumption expenditures and imports increased more.
The decrease in real GDP in the first quarter primarily reflected negative contributions from exports, nonresidential fixed investment, and state and local government spending that were partly offset by positive contributions from PCE, private inventory investment, and residential fixed investment. Imports, which are a subtraction in the calculation of GDP, increased.
In the week ending June 20, the advance figure for seasonally adjusted initial claims was 271,000, an increase of 3,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 267,000 to 268,000. The 4-week moving average was 273,750, a decrease of 3,250 from the previous week's revised average. The previous week's average was revised up by 250 from 276,750 to 277,000.
In corporate dividend news, Masco Corporation (NYSE:MAS) declared a quarterly dividend of $.09 per common share, payable on August 10, 2015, to shareholders of record on July 13, 2015.
The Lockheed Martin (NYSE:LMT) has authorized a third quarter 2015 dividend of $1.50 per share. The dividend is payable on Sept. 25, 2015 to holders of record as of the close of business on Sept. 1, 2015.
Campbell Soup Company (NYSE:CPB) declared a regular quarterly dividend on Campbell's capital stock of $0.312 per share. The quarterly dividend is payable Aug. 3, 2015, to shareholders of record at the close of business July 13, 2015.
Lennar Corporation (NYSE:LEN) has declared a quarterly cash dividend of $0.04 per share for both Class A and Class B common stock payable on July 22, 2015 to holders of record at the close of business on July 8, 2015.
Boeing (NYSE:BA) reports that the board of directors today declared a regular quarterly dividend of ninety-one cents per share. The dividend is payable Sept. 4, 2015, to shareholders of record as of Aug. 7, 2015.
Kraft Foods Group (NASDAQ:KRFT) has declared a regular quarterly dividend of $0.55 per share of common stock, payable on July 31, 2015, to shareholders of record on July 27, 2015, provided that the company's proposed merger with H.J. Heinz Holding Corporation does not close on or before July 27, 2015.
Williams-Sonoma (NYSE:WSM) has declared a quarterly cash dividend of $0.35 per common share. The dividend is payable on August 26, 2015 to stockholders of record as of the close of business on July 24, 2015.
Steel Dynamics (NASDAQ:STLD) has declared a quarterly cash dividend of $0.1375 per common share. The dividend is payable to shareholders of record at the close of business on June 30, 2015, and is payable on or about July 10, 2015.
This is the 'Weekly Market Wrap' for Friday June 26, 2015.
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