Tuesday, 9 June 2015

US Stock Market News

With Monday's losses, the Dow is down 0.32 percent in 2015, while the S&P 500 is up a modest 0.99 percent and the Nasdaq is 6.02 percent higher.

Atmel Corp (ATML.O) jumped 3.56 percent after Reuters reported the chipmaker is exploring strategic alternatives including a possible sale. 
Apple (AAPL.O) weighed most on the Nasdaq Composite and the S&P 500. It was down 0.66 percent to $127.80 after the iPhone maker unveiled a new music service.

Airlines stocks .DJUSAR fell 4.34 percent, with JetBlue (JBLU.O) slumping 7.22 percent.

Qatar Airways asked the industry's largest trade group to address protectionism, hitting back against U.S. airlines campaigning to restrict competition from Gulf carriers.

Tesla (TSLA.O) rose 2.87 percent after plans for its Gigafactory got a boost from Panasonic's (6752.T) move to start sending its employees to the plant, with manufacturing expected to begin next year.

Declining issues outnumbered advancing ones on the NYSE by 2,153 to 884, for a 2.44-to-1 ratio on the downside; on the Nasdaq, 1,785 issues fell and 1,004 advanced for a 1.78-to-1 ratio favoring decliners.

The S&P 500 posted 9 new 52-week highs and 9 new lows; the Nasdaq Composite recorded 131 new highs and 28 new lows.

About 5.5 billion shares changed hands on U.S. exchanges, below the 6.1 billion daily average so far in June, according to BATS Global Markets.

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