Indexes Break Losing Streak, Microsoft Backs off Yahoo, Lehman Cleans House

  • June 12, 2008
  • David Goodboy

US stock indexes broke their losing streak today during a volatile session. The DJIA finished up +57.81 to 12141.58, the Nasdaq climbed +10.34 to 2404.35, and the S&P 500 advanced +4.38 ending the day at 1339.87.

Microsoft
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Yahoo
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Corn Products International
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KeyCorp
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Gold gave back $10.90 to 872.00/oz, Oil eased ahead .33 cents to $136.71, and the Dollar gained against the Euro.

Market Snapshot

Dow

 +57.81 12141.58

NASDAQ

 +10.34 2404.35

S&P 500

 +4.38 1339.87

Economic
News

Durable Orders (Apr): Actual -0.5%, Consensus -1.5%

Chain Deflator-Prel. (Q1): Consensus 2.6%, Prior 2.4%

GDP-Prel (Q1): Consensus 0.9%, Prior 0.6%

Initial Claims (05/24): Consensus 370K, Prior 365K

Crude Inventories (05/24): Consensus NA, Prior -5317K

Personal Income (Apr): Consensus 0.2%, Prior 0.3%

Personal Spending (Apr): Consensus 0.2%, Prior 0.4%

PCE Core Inflation (Apr): Consensus 0.1%, Prior 0.2%

Chicago PMI (May): Consensus 48.5%, Prior 48.3%

Mich Sentiment-Rev (May): Consensus 59.5, Prior 59.5%