MNV
Market News Video
MNV MNV The 10 Most Popular Large-Caps in ETFs
MNV
MNV
MNV
MNV
MNV
MNV
MNV


If the video does not load after a few moments, Upgrade to the Latest Flash Player.
MNV Backgroundemail friendsEmail Friendsembed / linkEmbed VideorssRSS Feed standaloneLaunch Standalone Player
Sponsored by: Try ValueForum, the premier value and income stock picking community. Learn about the $5.99 trial
QuoteThis site is a gem, it is a site for learning, sharing
and especially making money.
more testimonials »

SDI Weekly Market Roundup: 5/29/2009
Friday, May 29, 5:27 PM ET

Oil prices rocketed higher this week along with Wall Street and led by energy shares. GM resolves issues ahead of bankruptcy deadlines.

I’m Nichole Dossous with the “Weekly Market Wrap” on May 29, 2009.

The S&P 500 CLIMBED 3.6 percent this week to close at 919.15.

The Dow Jones Industrial Average was also UP this week by 2.7 percent, closing at 8500.33.

The NASDAQ ended the week HIGHER by 4.9 percent to 1774.33.

Crude-oil futures hit a six month high rising above $66 a barrel this morning, and up 13 percent for the week. Economists are concerned that economic recovery might be short circuited by higher energy prices. Higher prices for oil are believed to be caused by a weakening U.S. dollar, OPEC keeping current production quotas, and surprising declines in U.S. inventories.

GOLD prices hit a three-month high today. A falling U.S. dollar combined with a firming of gold purchases in India during the wedding season are believed to be responsible for the move up. Prices settled above $975 an ounce.

The U.S. economy dropped sharply again in the first quarter to a revised minus 5.7 percent annual rate after dropping 6.3% in the fourth quarter according to the Commerce Department.

Investment in housing dropped at the speediest rate in 29 years as did domestic demand. Exports set a 38 year record rate of decline. Business investment decreased at a record quarterly rate as well.

The negative 5.7 percent annualized estimate for GDP was slightly stronger than the initial estimate of a 6.1 percent a month ago. Consensus estimates forecasted a 5.5 percent decline for the quarter.

General Motors (NYSE:GM) reportedly reached a new debt-swap deal with bondholders and a cost-cutting deal with the United Auto Workers today. Traders see this leading to a speedier bankruptcy process for GM.

Several companies reported quarterly earnings this week, led by strong earnings by Canadian banks.

The Bank of Montreal (NYSE:BMO) posted 93 Canadian cents a share for the quarter, beating consensus estimates of 86 cents a share.

Bank of Nova Scotia (NYSE:BNS) reported earnings of 81 Canadian cents a share, beating estimates by 2 cents.

The Royal Bank of Canada (NYSE:RY) surprised investors today with quarterly earnings of 97 Canadian cents a share, ahead of analyst’s estimate of 91 Canadian cents.

Toronto Dominion Bank (NYSE:TD) reported earnings of $1.23 Canadian, beating estimates by 8 cents.

HJ Heinz (HNZ) earnings met analyst estimates of 55 cents per share, though they were down from 61 cents a year ago.

Frontline (NYSE:FRO) announced they are maintaining their dividend at 25 cents a share on the strength of quarterly earnings of 97 cents a share, beating estimates of 70 cents.

This is the “Weekly Market Wrap” for May 29 and I’m Nichole Dossous. Please join us on Monday with the “Weekly Market Ahead” report and have a great weekend.

SDI Weekly Market Roundup: 5/29/2009 picture
Friday 12/2 Insider Buying Report: EW, DFRGFriday 12/2 Insider Buying Report: EW, DFRG
Related symbols: EW,DFRG
Friday 12/2 Insider Buying Report: TDG, STKLFriday 12/2 Insider Buying Report: TDG, STKL
Related symbols: TDG,STKL
Thursday 12/1 Insider Buying Report: CHKE, NSThursday 12/1 Insider Buying Report: CHKE, NS
Related symbols: CHKE,NS
10 Bargains You Can Buy Cheaper Than Insiders Did
Top Ranked Dividend Stocks With Insider Buying
10 Stocks Crossing Below Book Value
10 Oversold Stocks You Need To Know About
10 Stocks Crossing Above Their 200 Day Moving Average
10 Stocks Crossing Below Their 200 Day Moving Average
The 10 Most Popular Large-Caps in ETFs
The Top 10 DividendRank'ed DJIA Components
S&P 500 Movers: ADS, EBAYS&P 500 Movers: ADS, EBAY
Related symbols: ADS,EBAY
Nasdaq 100 Movers: SBUX, EBAYNasdaq 100 Movers: SBUX, EBAY
Related symbols: SBUX,EBAY
Dow Movers: GS, HDDow Movers: GS, HD
Related symbols: GS,HD
S&P 500 Analyst Moves: JBHTS&P 500 Analyst Moves: JBHT
Related symbols: JBHT
Stock message boards
Self Directed Investor
The Warren Buffetts Next Door
S&P 500 Analyst Moves: TSNS&P 500 Analyst Moves: TSN
Related symbols: TSN
S&P 500 Analyst Moves: PBIS&P 500 Analyst Moves: PBI
Related symbols: PBI
Friday Sector Laggards: Music & Electronics Stores, Auto PartsFriday Sector Laggards: Music & Electronics Stores, Auto Parts
Related symbols: VOXX,RCII,KNDI,MPAA
Friday Sector Leaders: Precious Metals, DrugsFriday Sector Leaders: Precious Metals, Drugs
Related symbols: THM,AG,HTBX,MNKD
Thursday Sector Laggards: Semiconductors, Application Software StocksThursday Sector Laggards: Semiconductors, Application Software Stocks
Related symbols: CRUS,CYBE,MOXC,PSTG
Friday's ETF with Unusual Volume: PHOFriday's ETF with Unusual Volume: PHO
Related symbols: PHO,RXN,DHR,AWR
Friday's ETF Movers: GDX, XLFFriday's ETF Movers: GDX, XLF
Related symbols: DGC.CA,AG,AFL,LM,XLF,GDX
UUP, SOCL: Big ETF OutflowsUUP, SOCL: Big ETF Outflows
Related symbols: UUP,SOCL,GOOGL,ANGI
Daily Dividend Report: EMN, OC, PLD,RRC, AGRDaily Dividend Report: EMN, OC, PLD,RRC, AGR
Related symbols: EMN,OC,PLD,RRC,AGR
Daily Dividend Report: DIS, TD, SLG, COR, LZB, MSFT, VZDaily Dividend Report: DIS, TD, SLG, COR, LZB, MSFT, VZ
Related symbols: DIS,TD,SLG,COR,LZB,MSFT,VZ
Daily Dividend Report: TJX, DVN, NUE, OGE, BDCDaily Dividend Report: TJX, DVN, NUE, OGE, BDC
Related symbols: TJX,DVN,NUE,OGE,BDC
Fed Tapers Bond BuyingFed Tapers Bond Buying
Nonfarm payroll Employment Up 175,000 in FebruaryNonfarm payroll Employment Up 175,000 in February
Initial Claims Decrease, Productivity 1.8% Annual Rate Increase in Q4Initial Claims Decrease, Productivity 1.8% Annual Rate Increase in Q4
Weekly Market Wrap: August 14, 2015Weekly Market Wrap: August 14, 2015
Related symbols: BAC,AMAT,AAPL,S,SYY
Weekly Market Wrap: August 7, 2015Weekly Market Wrap: August 7, 2015
Related symbols: SUNE,BAC,CHK,GRPN,AAPL
Weekly Market Wrap: July 31, 2015Weekly Market Wrap: July 31, 2015
Related symbols: BAC,MU,AAPL,SUNE,FB
Week Ahead Market Report: June 8, 2015Week Ahead Market Report: June 8, 2015
Related symbols: BAC,FTR,AAPL,INTC,MNKD
Week Ahead Market Report: May 18, 2015Week Ahead Market Report: May 18, 2015
Related symbols: BAC,AAPL,VALE,T
Week Ahead Market Report: May 4, 2015Week Ahead Market Report: May 4, 2015
Related symbols: BAC,AAPL,MSFT,ICLD,NOK
All videos » |  Stock market definitions »
MNV
MNV
About Us - Advertise - Contact Us - Embedding Videos - Licensing Videos - Partners - mRSS / RSS Feed - Terms of Use - Privacy Policy - Video Widget
MNV
Home  |  Analyst News  Dividend Report  ETFs  Insider Report  Large Caps  Market Movers  Week Ahead Report  Weekly Market Wrap
MNV
MNV MNV Chart Zero Stock Market Game Stock Market Definitions
MNV

SDI Weekly Market Roundup: 5/29/2009 | Market News Video | Copyright © 2008 - 2016, All Rights Reserved

Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners. In no way should any content contained herein be interpreted to represent trading or investment advice. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.