Stocks
Third Weekly Decline in S&P 500, Dow Marks Longest Stock Slump Since March U.S. stocks fell for a third straight
week, the longest losing streak since March, on concern deeper-
than-estimated job cuts and a drop in consumer confidence will
prolong the recession.
B+H Ocean, Constellation Energy, Matrixx, Sepracor: U.S. Equity Preview Shares of the following companies may
have unusual moves in U.S. trading on July 6. Markets will be
closed tomorrow for the Independence Day holiday. Stock symbols
are in parentheses, and prices are as of 5:40 p.m. in New York.
NYSE Traders Resort to Processing Orders by Hand Amid Computer Malfunction The New York Stock Exchange, which
last month finished replacing a 25-year-old system so that
trades are processed in 5 milliseconds, was forced to close the
world’s largest equity market by hand yesterday after a 15
minute delay.
Canadian Stocks Advance, Trim Their Weekly Decline; Teck Resources Climbs Canadian stocks gained for the first
time in three days, led by raw-material shares, as Teck
Resources Ltd. sold a stake to China’s sovereign wealth fund.
Brazilian Stocks Fall, Capping Weekly Decline; Petrobras, Usiminas Retreat Brazilian stocks fell, capping a
weekly decline, as a drop in oil and metal prices sent Petroleo
Brasileiro SA and Usinas Siderurgicas de Minas Gerais SA lower.
Private-Equity Firms Say FDIC Rules Will Thwart Takeovers of Failed Banks Private-equity firms said the Federal
Deposit Insurance Corp. may be diminishing the appetite for
future bank takeovers by demanding buyout groups put more
capital at risk.
Emerging-Markets Share of World Stocks Hits Record; China Tops $3 Trillion Developing countries’ share of
worldwide equity value climbed to a record as the fastest-
growing economies lured investors amid the first global
recession since World War II.
Stocks in Europe Drop for Third Week in Longest Losing Streak Since March European stocks dropped for a third
straight week, the longest stretch of losses since March, as
concern mounted that the economy won’t recover soon.
U.K.'s FTSE 100 Index Closes Little Changed; Banks, Media Shares Rally The U.K.’s FTSE 100 Index closed
little changed as a rally in banks and media companies offset a
sell-off in raw material and energy producers.
U.S. Service Industries, European GDP, DnB Earnings: Europe Week Ahead Reports on U.S. service industries
and consumer sentiment as well as gross domestic product in the
euro region and the Bank of England’s decision on interest rates
may move stock markets next week.
Sweden's OMX May Drop to 750 Support Before Earnings: Technical Analysis Sweden’s OMX Stockholm 30 Index may
fall as much as 5 percent to a support level of 750 before the
second-quarter earnings season starts later this month,
according to Nordea Bank AB.
Fortis Recommends Emerging-Markets Stocks Over Europe on China Stimulus Investors should buy emerging-market
equities rather than European stocks to benefit from government
stimulus measures in China and a rally in commodities, according
to Fortis Investments.
Asian Stocks Post Weekly Loss on Worsening Jobless Figures, Commodities Asian stocks fell this week, the
second weekly decline in three, as government data showed job
markets are worsening, stoking concern the global economy will
recover soon.
Japan Stocks Tumble on Slowing Retail Sales, U.S., Europe Employment Data Japanese stocks dropped on retailers’
slowing sales and after worsening U.S. and European job data
fueled concern the global economic slump will be prolonged.