Daily Investment Interpretations
Thursday, June 28, 2012
(Thursday Night): The
markets fell today and then rose into the close, recovering most of what
they had lost: Stocks recover late;
Health care ruling sparks broad stock sell-off. The NASDAQ Composite
(-0.90%) to end at 2,849.49. The Dow
to close at 12,602.03; the S&P 500
lost 2.81 points
to settle at 1,329.04. Oil rose to 78.40: Oil at 8-month low on summit fears;
gold logged off at 1556: Gold ends lower on dollar, jitters about EU summit.
The VIX added 0.49
"Markets cut big early losses late Thursday, seesawing over EU summit developments."
"A U.S. Supreme Court decision upholding President Obama's health care reform law sparked a deep sell-off for U.S. stocks Thursday, as investors fear that health care costs could further cripple economic growth. More"
Supreme Court upholds health-care overhaul
How health ruling hits you. "Some popular provisions — such as requiring insurers to accept people regardless of pre-existing conditions and to accept children up to age 26 on parents’ plans — remain intact. It also might mean higher health costs ahead."
Health-care jobs to grow
Health-care ruling jolts race for White House "Court’s decision to uphold Obama’s health-care law is a shot in the arm for his campaign."
Democrats rejoice; Republicans plan to repeal
Conservatives furious with Justice Roberts
Kevin Marder advises: Stocks remain in an uptrend "The fact that the three-week uptrend continues, despite concerns over Europe, healthcare and longer-term fiscal concerns, says something."
State of the Markets articles include:
What If They Just Say Nein? "Sometimes it is a good exercise to try and boil a problem down to "just the facts, Ma'am." So from my perch, the European debt crisis is really about three things: (1) Too much debt, (2) not enough income, and (3) a lack of confidence in the ability for the countries in question to make improvements on either of the first two scores. As such, traders (aka the evil bond vigilantes) vote with their feet and continue to sell the ... Read More »"
Obamacare Upheld By U.S. Supreme Court "In a surprising move, the Supreme Court of the United States has upheld the primary components of President Obama's controversial health care law. The decision was ... Read More »"
Bloomberg Consumer Comfort Index Perks Up a Bit
U.S. GDP for Q1 Shows Economy Growing at 1.9% Rate
Weekly Jobless Claims Hold Steady at 386K
Europe Update: Schauble Comments on Euro Bonds
JPM's Trading Loss Could Hit $9 Billion
For real-time updates throughout the trading day, try State of the Markets Twitterfeed.
Market futures are ¼ % lower tonight.