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Financial Markets Closing

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Equities:
DJIA: 13,204 (-0.51%) Touches highest closing level in four years before dropping down
S&P500: 1,413 (-0.35%) Touches highest level since May 2008 earlier in the day
Nasdaq: 3,067 (-0.29%)
EuroStoxx: +0.97%
Nikkei: -0.16%
Hang Seng: -0.02%

Best Buy misses with an EPS of $0.20 vs. street estimate of $0.31, and revenue of $10.55 billion vs. estimate of $10.64 billion.  Suspends forecast and share repurchases for FY13. New CEO Hubert Joly (turnaround experience, though none in retail) appointed 8/20. See attached for more details.

Dell beats on EPS of $0.50 vs. est. $0.45, but misses on revenue with $14.48B vs. $14.63B est. Q3 guidance. See attached for more details.

Commodities:
WTI Crude: 96.84 (+0.60%)
Nat Gas: -0.03%
Copper: +2.42%
Corn: +1.82%   1-year high
Soybeans: +2.92%  Soybeans near one year high

FX:
EURUSD: 1.2473 (+1.03%)
DXY Dollar Index: 81.907 (-0.67%)

Rates:
U.S. 10y: 1.7984% (-0.7bp)
German 10y: 1.557% (+5bp)
Spanish 10y: 6.211% (-7bp)
Italian 10y: 5.659% (-11bp)

 

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Maria Perez

reports on the Highbridge section of Bronx. Before enrolling in Columbia’s journalism school, she reported for some of the most widely circulated Spanish newspapers (ABC, El Mundo), as well as for Agencia EFE newswire and the British Medical Journal, covering local news, social issues, science, health, culture and the environment. Born in Madrid, she graduated from a Madrid university in law and journalism and she also holds an MBA. Before coming to the USA, she lived in Spain, the United Kingdom and Israel.