The twenty-seventh full trading week of 2015 comes to a close with the Dow Jones, S&P 500 and the NASDAQ composite higher on the day, in early afternoon trading on Friday.
Most actively traded stocks include Bank of America (NYSE:BAC) up 1.5%, Apple (NASDAQ:AAPL) higher by 2.4%, National Bank of Greece (NBG) higher by 15.25%, Sprint (NYSE:S) lower by 3.2%, and Intel (NASDAQ:INTC) up 0.85%.
The S&P 500, Dow and NASDAQ are all higher over the last five trading days.
Crude oil futures are significantly lower this week, trading at $52.37 per barrel on Friday afternoon.
And Gold futures are lower this week, trading at $1159.96 an ounce this afternoon.
In economic news, in the week ending July 4, the advance figure for seasonally adjusted initial claims was 297,000, an increase of 15,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 281,000 to 282,000. The 4-week moving average was 279,500, an increase of 4,500 from the previous week's revised average. The previous week's average was revised up by 250 from 274,750 to 275,000.
The advance seasonally adjusted insured unemployment rate was 1.7 percent for the week ending June 27, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending June 27 was 2,334,000, an increase of 69,000 from the previous week's revised level. The previous week's level was revised up 1,000 from 2,264,000 to 2,265,000. The 4-week moving average was 2,268,250, an increase of 15,500 from the previous week's revised average. The previous week's average was revised up by 250 from 2,252,500 to 2,252,750.
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced that the goods and services deficit was $41.9 billion in May, up $1.2 billion from $40.7 billion in April, revised. May exports were $188.6 billion, $1.5 billion less than April exports. May imports were $230.5 million, $0.3 billion less than April imports.
The May increase in the goods and services deficit reflected a increase in the goods deficit of $1.2 billion to $61.5 billion and an increase in the services surplus of less than $0.1 billion to $19.6 billion.
Year-to-date, the goods and services deficit increased $1.1 billion, or 0.5 percent, from the same period in 2014. Exports decreased $26.5 billion or 2.7 percent. Imports decreased $25.4 billion or 2.2 percent.
In corporate dividend news, CVS Health Corporation (NYSE:CVS) has approved a quarterly dividend of $0.35 per share on the corporation's common stock. The dividend is payable on August 3, 2015, to holders of record on July 23, 2015.
Ford Motor Company declared a third quarter dividend of $0.15 per share on the company's outstanding Class B and common stock. The third quarter dividend is the same level as the dividends paid in the first and second quarters of 2015, and a 20 percent increase from the dividends paid during each quarter of 2014. The third quarter dividend is payable on Sept. 1, 2015 to shareholders of record at the close of business on July 31, 2015.
Phillips 66 (NYSE:PSX) has declared a quarterly dividend of 56 cents per share on Phillips 66 common stock. The dividend is payable on Sept. 1, 2015, to shareholders of record as of the close of business on Aug. 17, 2015.
CSX Corporation (NYSE:CSX) approved a $0.18 per share quarterly dividend on the company's common stock. The dividend is payable on September 15, 2015, to shareholders of record at the close of business on August 31, 2015.
MetLife (NYSE:MET) declared a third quarter 2015 common stock dividend of $0.375 per share. The dividend will be payable on September 11, 2015, to shareholders of record as of August 7, 2015.
Qualcomm (NASDAQ:QCOM) announced a quarterly cash dividend of $0.48 per common share, payable on September 23, 2015, to stockholders of record at the close of business on September 2, 2015.
And, Costamare (NYSE:CMRE) declared a quarterly dividend on its common stock of $0.29 per share for the quarter ended June 30, 2015. The dividend for the common stock is payable on August 5, 2015, to holders of record of common stock as of July 22, 2015.
This is the 'Weekly Market Wrap' for Friday July 10, 2015.
Please join us on Monday for the Week Ahead Market Report.
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