US open: Stocks mixed despite relatively upbeat data

Sharecast

LONDON (ShareCast) - - Pending home sales shoot past forecasts
- Slight miss on Chicago PMI
- Stocks mixed at start of holiday shortened week

Dow Jones Industrials: -0.02%
Nasdaq Composite: 0.18%
S&P 500: 0.05%

The main Wall Street equity benchmarks were trading in a mixed fashion on the last day of the quarter following the release of relatively upbeat economic indicators.

That came in a holiday shortened week which will culminate in the all-important US employment report. Non-farm payrolls, due out on Thursday, are scheduled to be released a day earlier than usual given that US markets are closed on Friday for the July 4th holiday.

To take note of the S&P 500 had failed to post a gain or loss greater than 1% for 50 straight days, the longest stretch since 1995, according to Bloomberg, reflecting the extremely low levels of volatility which are so troubling to traders.

Yahoo (NasdaqGS: YHOO - news) rides higher on back of broker upgrade

Yahoo! climbed after the stock was upgraded to 'overweight' by analysts at Piper Jaffray.

Coatings and specialty products firm PPG Industries (NYSE: PPG - news) jumped ahead of the bell after announcing plans to buy Mexico's Consorcio Comex for $2.3bn.

Pending home sales index sails past forecasts

NAR's index of pending home sales expanded at a 6.1% month-on-month pace in May (consensus: 1.5%).

MNI's Chicago PMI has printed at 62.6, down by 2.9 points from the month before, versus the 63 point read expected by economists.

Other asset classes well behaved

West Texas Intermediate futures were down 0.12% at $105.59 a barrel.

The yield on a 10-year US Treasury was flat at 2.54%.

S&P 500 - Risers
NetApp Inc (NasdaqGS: NTAP - news) . (NTAP) $36.96 +4.17%
Bank Of New York Mellon Corp. (BK) $37.38 +3.17%
Micron Technology Inc (NasdaqGS: MU - news) . (MU) $32.48 +3.08%
PPG Industries Inc. (PPG) $209.97 +2.90%
D. R. Horton Inc. (DHI) $24.42 +2.48%
Monster Beverage Corp (MNST) $70.88 +2.35%
Norfolk Southern Corp. (NSC) $103.89 +2.20%
Ecolab Inc (NYSE: ECL - news) . (ECL) $110.84 +2.03%
Yahoo! Inc. (YHOO) $34.89 +1.87%
Salesforce.Com Inc. (CRM) $58.40 +1.78%

S&P 500 - Fallers
Family Dollar Stores Inc (NYSE: FDO - news) . (FDO) $65.13 -2.56%
Petsmart Inc (NasdaqGS: PETM - news) . (PETM) $59.75 -2.00%
Peabody Energy Corp (NYSE: BTU - news) . (BTU) $16.13 -1.89%
Intuitive Surgical Inc (NasdaqGS: ISRG - news) . (ISRG) $415.60 -1.84%
Allergan Inc (NYSE: AGN - news) . (AGN) $171.29 -1.53%
Fossil Group Inc (NasdaqGS: FOSL - news) (FOSL) $103.62 -1.51%
Edwards Lifesciences Corp (NYSE: EW - news) . (EW) $86.60 -1.43%
Citrix Systems Inc (NasdaqGS: CTXS - news) . (CTXS) $63.32 -1.37%
United States Steel Corp (NYSE: X - news) . (X) $25.68 -1.31%
Boeing Co (NYSE: BA - news) . (BA) $126.89 -1.28%

Dow Jones I.A - Risers
Merck & Co. Inc (Xetra: A0YD8Q - news) . (MRK) $57.90 +0.64%
Walt Disney Co. (DIS) $85.63 +0.39%
Cisco Systems Inc (HKSE: 4333.HK - news) . (CSCO) $24.79 +0.38%
Pfizer Inc (NYSE: PFE - news) . (PFE) $29.77 +0.34%
Visa Inc (Xetra: 3V64.DE - news) . (V) $209.89 +0.29%
Wal-Mart Stores Inc. (WMT) $75.43 +0.12%
Coca-Cola Co. (KO) $42.24 +0.11%
Procter & Gamble Co. (PG) $79.07 +0.06%
AT&T Inc (Sao Paolo: ATTB34.SA - news) . (T) $35.42 +0.03%
Johnson & Johnson (NYSE: JNJ - news) (JNJ) $105.02 +0.03%

Dow Jones I.A - Fallers
Boeing Co. (BA) $126.89 -1.28%
McDonald's Corp. (MCD) $100.74 -0.71%
E.I. du Pont de Nemours and Co. (DD) $65.02 -0.64%
United Technologies Corp (Xetra: UTC1.DE - news) . (UTX) $115.84 -0.63%
General Electric Co. (GE) $26.30 -0.49%
Verizon Communications Inc (Xetra: BAC.DE - news) . (VZ) $49.08 -0.49%
International Business Machines Corp. (IBM (NYSE: IBM - news) ) $180.86 -0.47%
Nike Inc (Sao Paolo: NIKE34.SA - news) . (NKE) $77.36 -0.41%
Intel Corp. (INTC) $30.82 -0.36%
Microsoft Corp. (MSFT) $42.10 -0.35%

Nasdaq 100 - Risers
NetApp Inc. (NTAP) $36.96 +4.17%
Micron Technology Inc. (MU) $32.48 +3.08%
Monster Beverage Corp (MNST) $70.88 +2.35%
Illumina Inc (NasdaqGS: ILMN - news) . (ILMN) $176.47 +2.18%
Yahoo! Inc. (YHOO) $34.89 +1.87%
Regeneron Pharmaceuticals Inc (NasdaqGS: REGN - news) . (REGN) $281.93 +1.67%
Tesla Motors Inc (Xetra: A1CX3T - news) (TSLA) $242.07 +1.26%
Gilead Sciences Inc (NasdaqGS: GILD - news) . (GILD) $83.98 +1.25%
Avago Technologies Ltd. (AVGO) $71.81 +1.23%
Charter Communications Inc (NasdaqGS: CHTR - news) . (CHTR) $156.50 +1.07%

Nasdaq 100 - Fallers
Intuitive Surgical Inc. (ISRG) $415.60 -1.84%
Vimpelcom Ltd Ads (VIP) $8.37 -1.65%
Dish Network Corp (NasdaqGS: DISH - news) . (DISH) $64.71 -1.42%
Citrix Systems Inc. (CTXS) $63.32 -1.37%
TripAdvisor Inc (NasdaqGS: TRIP - news) . (TRIP) $109.09 -1.02%
Mattel Inc (NasdaqGS: MAT - news) . (MAT) $38.95 -0.97%
Express Scripts Holding Co (ESRX) $68.95 -0.93%
Intuit Inc (NasdaqGS: INTU - news) . (INTU) $80.62 -0.86%
Comcast Corp. (CMCSA) $53.72 -0.77%
Celgene Corp. (CELG) $86.16 -0.74%

AB

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