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London Markets Close in:

need to know
Avon reports wider-than-expected loss
PepsiCo profit up 31%, but outlook is soft
SNB chairman won’t rule out further rate cuts
Sweden cuts interest rate further below zero
Total CEO sees oil price rising at end of 2016
European stocks knocked to lowest since 2013
FTSE 100 hits lowest level since 2012
Dollar at lowest vs. yen since late 2014
Shell cancels $14.4 billion bridge credit facility
Hong Kong stocks dive as selloff kicks in

Live video and updates as Janet Yellen visits Senate

Jobless claims data show no sign of a layoff spike

The greatest bull market of all time probably isn’t what you think it is
Greatest bull market ever likely isn’t what you think

Chuck Jaffe: It’s time for these trendy mutual funds and ETFs to put up or shut up
Time for trendy ETFs, funds to put up or shut up

Rio Tinto swings to loss, drops dividend policy
Total narrows loss on fewer write-downs
Glencore copper, zinc output falls on cutbacks


Twitter is showing Wall Street critics were right
Twitter adds new timeline feature

Jeb Bush says Trump would be worse than Obama
Christie, Fiorina drop out of presidential race

FBI has closed in on Oregon refuge holdouts

North Korea reportedly executes top general

India to pick up China’s slack in oil demand

BP CEO calls for cuts to carbon emissions
If you’re bullish on oil, these stocks are buys

Which of Europe’s Piigs might fly?
Which of Europe’s Piigs might fly?


The 10 toughest investment decisions

Bass issues warning on China’s foreign cash reserves
What’s holding back the world economy?
China's FX reserves drop $99.47 bln


Yellen: Fed isn’t sure negative rates are legal
Yellen doesn’t expect to reverse Fed rate hike
Yellen gets into heated exchange at hearing
Bond market, Yellen face off on negative rates

Will falling oil prices bankrupt Saudis, Russians?
Cheap oil may make OPEC dominant again
As oil revenue drops, Gulf states ponder taxes
Will oil get so cheap, it won’t pay to extract it?

Hearing loss now hits 1 in 3 Americans over 65
Hearing loss now hits 1 in 3 Americans over 65

A break for zombie-fighting Amazon developers
Why Apple, Amazon, Starbucks are successful
Amazon up after new share buyback plan

REIT bonus targets at heart of Brixmor scandal

Private-equity firms now buying back their own shares

Has college financial aid totally backfired?

Michael Moore: Imagine life without student debt
6 ways Obama would make college affordable

Social Security in the crosshairs: replacement rates again
Stage is being set for cuts to Social Security

/conga/frontpage.html 367708

Markets »

45.48MDow Volume:
Avg Vol: 131.80M
Unchanged
126
Decliners
4944
Advancers
1141
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 15,591 -324 2.04%
Nasdaq
/quotes/zigman/12633936/realtime 4,225 -59 1.37%
S&P 500
/quotes/zigman/3870025/realtime 1,820 -32 1.70%
GlobalDow
/quotes/zigman/629063/realtime 2,047 -33 1.60%
Gold
/quotes/zigman/33772884/delayed 1,242 +48 3.99%
Oil
/quotes/zigman/2260836/delayed 26.59 -0.86 3.13%
FTSE 100
/quotes/zigman/3173262/delayed 5,573 -99 1.75%
DAX
/quotes/zigman/2380246/delayed 8,807 -211 2.34%
CAC 40
/quotes/zigman/3173214/delayed 3,929 -132 3.25%
FTSE MIB
/quotes/zigman/1482176/delayed 15,957 -758 4.53%
IBEX 35
/quotes/zigman/2759620/delayed 7,800 -343 4.22%
Stoxx 600
/quotes/zigman/2380150/delayed 306 -9 2.96%
Asia Dow
/quotes/zigman/6959860/realtime 2,439 -14 0.58%
Nikkei 225
/quotes/zigman/5986735/delayed 15,713 -372 2.31%
Hang Seng
/quotes/zigman/2622475/delayed 18,546 -742 3.85%
Shanghai
/quotes/zigman/1859015/delayed 2,763 -18 0.63%
Sensex
/quotes/zigman/1652085/delayed 22,952 -807 3.40%
Singapore
/quotes/zigman/1709939/delayed 2,538 -44 1.70%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 +0.01 0.50%
Yen
/quotes/zigman/16008150/realtime/sampled 111.89 -1.46 1.29%
Pound
/quotes/zigman/16008140/realtime/sampled 1.44 -0.01 0.56%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 0.00 0.27%
DXY Index
/quotes/zigman/1652083/delayed 95.52 -0.30 0.32%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.70 -0.18 0.20%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.58 -0.13 7.69%
German 10y
/quotes/zigman/15866409/realtime 0.18 -0.07 27.91%
Italy 10yr
/quotes/zigman/15866497/realtime 1.71 +0.07 4.00%
Spain 10yr
/quotes/zigman/15866444/realtime 1.77 +0.05 2.99%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.29 -0.13 9.12%
Japan 10yr
/quotes/zigman/15866525/realtime 0.01 0.00 0.00%
Crude Oil
/quotes/zigman/2260836/delayed 27 -1 3.13%
Gold
/quotes/zigman/33772884/delayed 1,242 +48 3.99%
Corn
/quotes/zigman/25518691/delayed 362 +2 0.49%
DJIA F
/quotes/zigman/48241424/delayed 15,579 -287 1.81%
S&P F
/quotes/zigman/43106711/delayed 1,822 -25 1.34%
Silver
/quotes/zigman/32655632/delayed 16 +0 2.77%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 99.34 -1.66 -1.64%
AAPL /quotes/zigman/68270/composite 93.04 -1.23 -1.30%
GOOG /quotes/zigman/59527964/composite 673.48 -10.64 -1.55%
BAC /quotes/zigman/190927/composite 11.26 -0.72 -6.01%
C /quotes/zigman/5065548/composite 35.32 -2.10 -5.60%
F /quotes/zigman/264304/composite 11.24 -0.10 -0.88%
T /quotes/zigman/398198/composite 36.24 -0.19 -0.52%
BP /quotes/zigman/247026/composite 27.39 -0.65 -2.32%
GE /quotes/zigman/227468/composite 27.81 -0.49 -1.73%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
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Rates »

5 yr CD
1.3%
2 yr CD
0.7%
1 yr CD
0.5%
MMA $10K+
0.2%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.96% 11.96% 11.62%
Business 13.12% 13.12% 12.85%
Student 13.42% 13.42% 13.14%
Balance Transfer 14.35% 14.35% 14.12%
Airline 15.17% 15.17% 15.10%
Cash Back 15.20% 15.26% 15.27%
Reward 15.25% 15.28% 15.14%
Instant Approval 18.02% 18.21% 18.00%
Bad Credit 22.56% 22.88% 22.73%
Source:CreditCards.com

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Trending Tickers
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  • /quotes/zigman/20039/composite CSCO+8.72%
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Will Wall Street Landlords Be Good Neighbors?

As Wall Street increasingly occupies the role of landlord, housing experts say home sellers may have much to cheer about. But for renters and would-be home buyers, a mass purchase of foreclosed properties may be unwelcome news.

Fannie Mae is offering a collection of around 2,500 single-family foreclosed properties scattered across the country for sale to big business, according to documents issued today by the quasi-government agency and Credit Suisse.  The sale marks a shift in policy from the 240,000 homes Fannie sold individually last year to families and small investors who would rent or flip the properties, the Wall Street Journal reports.

By snatching up thousands of the foreclosed properties, Wall Street may help prop up home prices, says David Abuaf, chief investment officer at Hefty Wealth Partners in Auburn, Ind. “It’s getting rid of the poor-performing and unkempt homes in an area,” he says. “The average price for a home in the neighborhood will go up.” In addition, as these properties get renovated, he expects renters to pay more as well.

Boarded-up homes can lower the price on even well-maintained properties nearby, studies have shown. House values fall almost 1% when they’re within one-eighth of a mile from a foreclosed single-family residence, according to the Woodstock Institute, a research group, and the Georgia Institute of Technology.  Leonard P. Baron, a lecturer in real estate at San Diego State University, says the areas being targeted — Florida and California, among others — were hard hit in the housing bust.

On the other hand, regular home buyers may stand to lose when Wall Street moves in. Abuaf says it could make it harder for families to buy a foreclosed home at a cheap price. Private equity investors, hedge funds and broker-dealers will likely be able to fork over a much larger down payment. “Even smaller investors who flip properties will have much tougher competition,” Abuaf says.

But Patrick O’Keefe, director of economic research at J.H. Cohn consultants in Roseland, N.J., says the program would have to take off to really impact home buyers, especially with house prices still 25% below their peak.

Others are skeptical that large investors will find single-family homes an attractive investment. Each of these units will have their own unique set of problems, says Kevin Finkel, executive vice-president and director of acquisitions at Philadelphia, Penn.-based Resource Real Estate. “Buying single-family homes has typically been a horrible investment for everyone,” he says. O’Keefe says this will be regarded as a test case or pilot for large investors mulling similar projects.

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MarketWatch - Stock Market Quotes, Business News, Financial News
Bulletin
Investor Alert

London Markets Close in:

need to know
Avon reports wider-than-expected loss
PepsiCo profit up 31%, but outlook is soft
SNB chairman won’t rule out further rate cuts
Sweden cuts interest rate further below zero
Total CEO sees oil price rising at end of 2016
European stocks knocked to lowest since 2013
FTSE 100 hits lowest level since 2012
Dollar at lowest vs. yen since late 2014
Shell cancels $14.4 billion bridge credit facility
Hong Kong stocks dive as selloff kicks in

Live video and updates as Janet Yellen visits Senate

Jobless claims data show no sign of a layoff spike

The greatest bull market of all time probably isn’t what you think it is
Greatest bull market ever likely isn’t what you think

Chuck Jaffe: It’s time for these trendy mutual funds and ETFs to put up or shut up
Time for trendy ETFs, funds to put up or shut up

Rio Tinto swings to loss, drops dividend policy
Total narrows loss on fewer write-downs
Glencore copper, zinc output falls on cutbacks


Twitter is showing Wall Street critics were right
Twitter adds new timeline feature

Jeb Bush says Trump would be worse than Obama
Christie, Fiorina drop out of presidential race

FBI has closed in on Oregon refuge holdouts

North Korea reportedly executes top general

India to pick up China’s slack in oil demand

BP CEO calls for cuts to carbon emissions
If you’re bullish on oil, these stocks are buys

Which of Europe’s Piigs might fly?
Which of Europe’s Piigs might fly?


The 10 toughest investment decisions

Bass issues warning on China’s foreign cash reserves
What’s holding back the world economy?
China's FX reserves drop $99.47 bln


Yellen: Fed isn’t sure negative rates are legal
Yellen doesn’t expect to reverse Fed rate hike
Yellen gets into heated exchange at hearing
Bond market, Yellen face off on negative rates

Will falling oil prices bankrupt Saudis, Russians?
Cheap oil may make OPEC dominant again
As oil revenue drops, Gulf states ponder taxes
Will oil get so cheap, it won’t pay to extract it?

Hearing loss now hits 1 in 3 Americans over 65
Hearing loss now hits 1 in 3 Americans over 65

A break for zombie-fighting Amazon developers
Why Apple, Amazon, Starbucks are successful
Amazon up after new share buyback plan

REIT bonus targets at heart of Brixmor scandal

Private-equity firms now buying back their own shares

Has college financial aid totally backfired?

Michael Moore: Imagine life without student debt
6 ways Obama would make college affordable

Social Security in the crosshairs: replacement rates again
Stage is being set for cuts to Social Security

/conga/frontpage.html 367708

Markets »

45.48MDow Volume:
Avg Vol: 131.80M
Unchanged
126
Decliners
4944
Advancers
1141
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 15,591 -324 2.04%
Nasdaq
/quotes/zigman/12633936/realtime 4,225 -59 1.37%
S&P 500
/quotes/zigman/3870025/realtime 1,820 -32 1.71%
GlobalDow
/quotes/zigman/629063/realtime 2,047 -33 1.60%
Gold
/quotes/zigman/33772884/delayed 1,242 +48 3.99%
Oil
/quotes/zigman/2260836/delayed 26.59 -0.86 3.13%
FTSE 100
/quotes/zigman/3173262/delayed 5,573 -99 1.74%
DAX
/quotes/zigman/2380246/delayed 8,806 -211 2.34%
CAC 40
/quotes/zigman/3173214/delayed 3,929 -132 3.25%
FTSE MIB
/quotes/zigman/1482176/delayed 15,959 -755 4.52%
IBEX 35
/quotes/zigman/2759620/delayed 7,800 -343 4.22%
Stoxx 600
/quotes/zigman/2380150/delayed 306 -9 2.96%
Asia Dow
/quotes/zigman/6959860/realtime 2,439 -14 0.58%
Nikkei 225
/quotes/zigman/5986735/delayed 15,713 -372 2.31%
Hang Seng
/quotes/zigman/2622475/delayed 18,546 -742 3.85%
Shanghai
/quotes/zigman/1859015/delayed 2,763 -18 0.63%
Sensex
/quotes/zigman/1652085/delayed 22,952 -807 3.40%
Singapore
/quotes/zigman/1709939/delayed 2,538 -44 1.70%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 +0.01 0.50%
Yen
/quotes/zigman/16008150/realtime/sampled 111.89 -1.46 1.29%
Pound
/quotes/zigman/16008140/realtime/sampled 1.44 -0.01 0.56%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 0.00 0.27%
DXY Index
/quotes/zigman/1652083/delayed 95.52 -0.30 0.32%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.70 -0.18 0.20%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.58 -0.13 7.69%
German 10y
/quotes/zigman/15866409/realtime 0.18 -0.07 27.91%
Italy 10yr
/quotes/zigman/15866497/realtime 1.71 +0.07 4.00%
Spain 10yr
/quotes/zigman/15866444/realtime 1.77 +0.05 2.99%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.29 -0.13 9.12%
Japan 10yr
/quotes/zigman/15866525/realtime 0.01 0.00 0.00%
Crude Oil
/quotes/zigman/2260836/delayed 27 -1 3.13%
Gold
/quotes/zigman/33772884/delayed 1,242 +48 3.99%
Corn
/quotes/zigman/25518691/delayed 362 +2 0.49%
DJIA F
/quotes/zigman/48241424/delayed 15,579 -287 1.81%
S&P F
/quotes/zigman/43106711/delayed 1,822 -25 1.34%
Silver
/quotes/zigman/32655632/delayed 16 +0 2.77%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 99.19 -1.81 -1.79%
AAPL /quotes/zigman/68270/composite 93.02 -1.26 -1.33%
GOOG /quotes/zigman/59527964/composite 672.74 -11.38 -1.66%
BAC /quotes/zigman/190927/composite 11.26 -0.73 -6.05%
C /quotes/zigman/5065548/composite 35.32 -2.09 -5.59%
F /quotes/zigman/264304/composite 11.22 -0.12 -1.06%
T /quotes/zigman/398198/composite 36.26 -0.17 -0.48%
BP /quotes/zigman/247026/composite 27.37 -0.67 -2.39%
GE /quotes/zigman/227468/composite 27.81 -0.49 -1.73%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
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MarketWatch Portfolio

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Rates »

5 yr CD
1.3%
2 yr CD
0.7%
1 yr CD
0.5%
MMA $10K+
0.2%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.96% 11.96% 11.62%
Business 13.12% 13.12% 12.85%
Student 13.42% 13.42% 13.14%
Balance Transfer 14.35% 14.35% 14.12%
Airline 15.17% 15.17% 15.10%
Cash Back 15.20% 15.26% 15.27%
Reward 15.25% 15.28% 15.14%
Instant Approval 18.02% 18.21% 18.00%
Bad Credit 22.56% 22.88% 22.73%
Source:CreditCards.com

SPONSORED SECTIONS

Trending Tickers
  • /quotes/zigman/118681/composite TSLA+6.75%
  • /quotes/zigman/41663/composite GLD+4.10%
  • /quotes/zigman/390393/composite ETE+12.17%
  • /quotes/zigman/20039/composite CSCO+8.72%
  • /quotes/zigman/107237/composite AMAG-4.46%
X
Powered by StockTwits
Link to MarketWatch's Slice.

As of July 2, 2013, the SmartMoney content you loved now lives on MarketWatch.

MarketWatch will continue to provide the same important news and information you rely on every day. And, as a MarketWatch user, you will be able to enjoy:

  • Personalized news and quote email alerts
  • Editorial e-newsletters about personal finance, mutual funds and market-specific coverage
  • Premium newsletters by our market experts
  • Games, such as Virtual Stock Exchange and Beat the Darts
  • Free WSJ.com registration