Stock Market News – July 3rd 2013

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Stock Market News – July 3rd 2013
Stock Market News – July 3rd 2013

U.S markets gain while Unemployment numbers are due

The Dow Jones index gained on Tuesday where it bounced back up from the 14890 level and closed at around 14932 at the end of the U.S session on Tuesday. The investors have a close eye on the ADP Non-Farm employment change, trade balance and the unemployment claims that are due today in the U.S session.

Plus, the S&P 500 experienced a meager positive move where 10 to 20 points were added in the index by bulls, while the market is feeling safe as long as it is moving above the 1600 psychological level.

FTSE under Pressure

The FTSE market was controlled by the bears on Tuesday as the Eurozone’s PPI and U.K’s Construction PMI numbers failed to build up the investor confidence in the market, which caused the FTSE index to fall from the high of 6314.1 till 6266.5, while closing near the level of 6300.

As the U.S dollar is ruling on major currency pairs, the Euro and Pound both are severely bearish and are looking forward to some strong fundamentals coming in their favor. The market may not give a sharp movement today and tomorrow as the investors are waiting for the Non-farm employment and the Unemployment level of the United States that would be released in the U.S session on Friday. This would certainly have a great impact on the market, where the numbers coming in the favor of U.S could be alarming for the European market.

Zynga Shares Jump as Microsoft’s executive takes charge

The shares of Zynga experienced 11% rise in their prices as the CEO Mark Pincus stepped down, where his successor would be the head of the gaming division at Microsoft. The investors are optimistic on the appointment of the new chief as they perceive this change as a positive sign and beginning of a new ‘innovative’ era for the company.

U.S markets gain while Unemployment numbers are due

The Dow Jones index gained on Tuesday where it bounced back up from the 14890 level and closed at around 14932 at the end of the U.S session on Tuesday. The investors have a close eye on the ADP Non-Farm employment change, trade balance and the unemployment claims that are due today in the U.S session.

Plus, the S&P 500 experienced a meager positive move where 10 to 20 points were added in the index by bulls, while the market is feeling safe as long as it is moving above the 1600 psychological level.

FTSE under Pressure

The FTSE market was controlled by the bears on Tuesday as the Eurozone’s PPI and U.K’s Construction PMI numbers failed to build up the investor confidence in the market, which caused the FTSE index to fall from the high of 6314.1 till 6266.5, while closing near the level of 6300.

As the U.S dollar is ruling on major currency pairs, the Euro and Pound both are severely bearish and are looking forward to some strong fundamentals coming in their favor. The market may not give a sharp movement today and tomorrow as the investors are waiting for the Non-farm employment and the Unemployment level of the United States that would be released in the U.S session on Friday. This would certainly have a great impact on the market, where the numbers coming in the favor of U.S could be alarming for the European market.

 Zynga Shares Jump as the Microsoft’s executive takes charge

The shares of Zynga experienced 11% rise in their prices as the CEO Mark Pincus stepped down, where his successor would be the head of the gaming division at Microsoft. The investors are optimistic on the appointment of the new chief as they perceive this change as a positive sign and beginning of a new ‘innovative’ era for the company.

BlackBerry in Crisis

The company continues to struggle in selling its phones where it shipped around 2.7 million phones on Friday, which were mainly BlackBerry 10 models. Based on the unexpected loss reported recently by the company, the stock lost its worth for around 30% where investors are panicking as to whether the end of the company is near. The situation has got so bad that the firm is considering to sell some of its assets to make its balance sheet a bit better, while having a handsome amount of $3.1 billion in cash on hand.

The company continues to struggle in selling its phones where it shipped around 2.7 million phones on Friday, which were mainly BlackBerry 10 models. Based on the unexpected loss reported recently by the company, the stock lost its worth for around 30% where investors are panicking as to whether the end of the company is near. The situation has got so bad that the firm is considering to sell some of its assets to make its balance sheet a bit better, while having a handsome amount of $3.1 billion in cash on hand.