Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Markets Continue to Fall As Greece Enters a Deadlock Again


Today's financial recap and tomorrow's financial outlook.

Today on T3 Live

T3's FOREX expert Romeo Filip stated in his morning Forex Forecast that there was a special opportunity between the Swiss Franc and US Dollar. He claimed that support was around 0.9285/0.9270 with an opportunity to advance above 0.9370/0.9385. Today the exchange headed towards those levels giving way for nice profit.

Click here to learn about the Forex Mentor and receive free forex mentoring for 4 weeks.

PS. Don't forget to register for our FREE event Monday, June 29 hosted by our Options Expert Doug Robertson and see how he beat the S&P by 18%.

Market Recap

Markets finished down amid Greece fears as no deal was reached.

The S&P 500 dropped 0.3%, the NASDAQ closed down 0.2%, while the DJIA tumbled 0.42%

The Russell 2000 outperformed the major indices, only falling 0.05%.

Oil prices fell on weaker US refined markets and the potential negative impact from the Greece's crisis on European demand.

Bond yields rose slightly as investors sold off bonds.

Economic data was mostly in-line with expectations. Personal spending rose to its highest level since August 2009, beating the consensus. Personal income, and PCE Deflator data were all in-line with consensus numbers. Initial jobless claims beat, while continuing claims missed. PMI data missed.

The dollar fell against most major currencies, but gained some traction against the Japanese Yen.

Healthcare, cyber security, home construction, and emerging markets were today's top performing sectors.

Biotech, energy, and transports took the biggest hit. The S&P Biotech ETF (XBI) closed down 0.84%, the Energy Select Sector SPDR Fund (XLE) dropped 1.01%, and the IShares Transportation Average (IYT) fell 0.85%.

Mobileye (MBLY) rallied 4.47% today after it was initiated a buy rating from CLSA.

Ambarella (AMBA) continued its rally, closing up 3.08%. Stifell Nicolaus raised its price target to $115 from $105 with a reiterated buy rating. An analyst from Stifel stated that he believes the company's competitive edge is increasing.

JetBlue (JBLU) shares finished up 1.27%. The airline's newest destination, Antigua, came on sale today.

Netflix (NFLX) gave back most of its gains from yesterday, finishing down 2.09%. The company received several downgrades today.

AT&T (T) gained 1.12% after it announced plans to invest $3 billion in Mexico to extend mobile internet to 100 million consumers and businesses.

Tesla (TSLA) rose 1.37% after it Jefferies boosted its price target to $360 from $350. The increase was decided after Jefferies surveyed 145 car owners and found that they were willing to pay up to 60% more to get a Tesla.

European markets finished mixed amid the Greek crisis. Germany's DAX managed to finish up 0.02$, while France's CAC and the UK's FTSE finished down 0.07% and 0.54%, respectively.

European bond yields were also mixed.

Asian markets cooled off their gains from the week finishing down. The Nikkei fell 0.46%, the Hang Seng Index dropped 0.95%. The Shanghai Composite took the biggest hit, closing down 3.46%. Taiwan's TAIEX experienced a rally, closing up 0.84%.

Friday's Financial Outlook

Economic data releases for Friday will include the University of Michigan reports, and Baker Hughes US Rig Count.

Finish Line (FINL) will be reporting earnings before the open.
< Previous
  • 1
Next >
No positions in stocks mentioned.
Featured Videos