Thursday 4 July 2013

CNNMoney: Market Wrap Newsletter for Thursday, 07/04/2013

CNNMoney

Market Wrap

Today's top market-moving news
U.S. stocks shake off global worries
Global markets dropped, but U.S. markets ended with modest gains. Investors remain worried about rising oil prices, Europe and Egypt.
Chipotle: The burrito hype continues
Walk by any Chipotle, and the lines for burritos and tacos appear endless. The fervor is showing in its stock, which neared a 52-week high on Wednesday.
Bank stocks get double whammy
Political instability and looming budget cuts in Portugal are causing unrest throughout European markets, with bank stocks around the globe taking a bit hit.
Egypt unrest pushes oil prices above $100
Oil prices went to their highest level in a year on Wednesday. Traders worry that tensions in Egypt could spread to the broader Middle East.
What if Carl Icahn wins Dell?
Even if Michael Dell loses in the short-term, he could win in the long-term.
Health care stocks pull back
Health care-related stocks were under pressure Wednesday, one day after the Obama administration delayed part of last year's health care reform law until 2015.
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Markets
Stocks
Dow 14,988.55 +56.14 +0.38%
Nasdaq 3,443.67 +10.27 +0.30%
S&P 500 1,615.41 +1.33 +0.08%
Bonds & Currencies
10 Year Yield 2.50% +0.03 --
1 Euro 1.2915 +0.0056 +0.73%
Commodities
Oil $101.12 +1.44 +1.45%
Gold $1,249.70 +9.90 +0.80%
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