Financial Markets Closing

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Published on August 21, 2012, 8:55 pm
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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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Jonas Bronck is the pseudonym under which we publish and manage the content and operations of The Bronx Daily.™ | Bronx.com - the largest daily news publication in the borough of "the" Bronx with over 1.5 million annual readers. Publishing under the alias Jonas Bronck is our humble way of paying tribute to the person, whose name lives on in the name of our beloved borough.