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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
Shell cancels $14.4 billion bridge credit facility

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 367710

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56.19MDow Volume:
Avg Vol: 131.80M
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125
Decliners
5122
Advancers
1067
Price Chg %Chg 1 Day
Range: 1 Day
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Dow
/quotes/zigman/627449/realtime 15,564 -350 2.20%
Nasdaq
/quotes/zigman/12633936/realtime 4,225 -58 1.36%
S&P 500
/quotes/zigman/3870025/realtime 1,818 -34 1.82%
GlobalDow
/quotes/zigman/629063/realtime 2,042 -38 1.84%
Gold
/quotes/zigman/33772884/delayed 1,246 +51 4.30%
Oil
/quotes/zigman/2260836/delayed 26.48 -0.97 3.53%
FTSE 100
/quotes/zigman/3173262/delayed 5,561 -111 1.95%
DAX
/quotes/zigman/2380246/delayed 8,801 -216 2.40%
CAC 40
/quotes/zigman/3173214/delayed 3,917 -144 3.55%
FTSE MIB
/quotes/zigman/1482176/delayed 15,893 -821 4.91%
IBEX 35
/quotes/zigman/2759620/delayed 7,793 -351 4.31%
Stoxx 600
/quotes/zigman/2380150/delayed 305 -10 3.25%
Asia Dow
/quotes/zigman/6959860/realtime 2,439 -15 0.60%
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 1.14 +0.01 0.61%
Yen
/quotes/zigman/16008150/realtime/sampled 112.04 -1.31 1.16%
Pound
/quotes/zigman/16008140/realtime/sampled 1.45 -0.01 0.50%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 0.00 0.07%
DXY Index
/quotes/zigman/1652083/delayed 95.45 -0.38 0.40%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.68 -0.20 0.23%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.59 -0.12 7.19%
German 10y
/quotes/zigman/15866409/realtime 0.18 -0.06 25.94%
Italy 10yr
/quotes/zigman/15866497/realtime 1.72 +0.07 4.42%
Spain 10yr
/quotes/zigman/15866444/realtime 1.77 +0.05 2.99%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.29 -0.12 8.75%
Japan 10yr
/quotes/zigman/15866525/realtime 0.01 0.00 0.00%
Crude Oil
/quotes/zigman/2260836/delayed 26 -1 3.53%
Gold
/quotes/zigman/33772884/delayed 1,246 +51 4.30%
Corn
/quotes/zigman/25518691/delayed 362 +2 0.42%
DJIA F
/quotes/zigman/48241424/delayed 15,492 -374 2.36%
S&P F
/quotes/zigman/43106711/delayed 1,816 -31 1.67%
Silver
/quotes/zigman/32655632/delayed 16 +0 3.00%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 99.82 -1.18 -1.17%
AAPL /quotes/zigman/68270/composite 93.00 -1.27 -1.35%
GOOG /quotes/zigman/59527964/composite 672.65 -11.47 -1.68%
BAC /quotes/zigman/190927/composite 11.19 -0.79 -6.59%
C /quotes/zigman/5065548/composite 35.19 -2.22 -5.94%
F /quotes/zigman/264304/composite 11.13 -0.21 -1.85%
T /quotes/zigman/398198/composite 36.11 -0.32 -0.88%
BP /quotes/zigman/247026/composite 27.14 -0.90 -3.19%
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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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Pampering Makes a Comeback

If American consumers seem to be carrying less stress in their shoulders, it could be because spending is growing faster at spas than stores.

iStockPhoto

People are buying more stuff, retail sales data released Tuesday shows. Spending rose 4.2% on the year during last week, according to the International Council of Shopping Centers-Goldman’s weekly measure of major retail chains. But they’re buying even more backrubs and beauty treatments and products, according to data from Sageworks, a financial information company. The net profit margin on personal care services – spas, salons, weight-loss clubs – grew to 9% in 2011, more than double the rate before and during the 2008 recession, with sales up nearly 5% last year. “Consumers appear to be going to the salon more often and spending more when they do,” says Sageworks analyst Greg Mulholland. “They’re more comfortable spending money on themselves.”

Sales of beauty products are also rising, experts say. The so-called prestige beauty products sold primarily by department stores saw an 11% spike to $9.5 billion last year, according to a study released last month by the NPD Group, a market researcher. All the top brands of skincare, fragrance and skincare sales exceeded pre-recession levels. Though many consumers remain antsy, sales of high-end beauty products are bucking broader trends, according to Karen Grant, vice president at the NPD Group. “In the 15 years that NPD has been tracking the prestige beauty industry, we have never seen growth like this,” she says. The high-end products account for almost a third of the total $33 billion cosmetics and beauty product market, according to the Commerce Department.

Also See:

The beauty industry also accounts for much of the recent increase in service spending, analysts say. Services grew 1.2% in March, up from 0.4% the previous month, government data released last week shows. “During the recession women spent more on their kids but not on themselves,” says independent retail analyst Jeff Green. “Strangely, they do appear to be getting more massages and weekly manicures.” Massage Envy, a salon with 772 outlets across the country, added 134 franchises to its chain from January to April, a 60% jump on the 84 outlets added during 2011. We had a record-setting number of franchises agreements in April alone,” says Lori Merrall, the group’s national director of franchise sales. Three quarters of those new stores were opened by existing franchises, she says, reflecting an increase in demand.

That said, some wonder whether this kind of discretionary spending can last given rising gas prices, stagnant personal income and the still uncertain economic outlook. Peter Schiff, CEO of brokerage firm Euro Pacific Capital in New York, says economic activity is already too heavily dependent on consumption. Robert Brusca, chief economist at Fact & Opinion Economics, says personal consumption growth rate of 3% or more is unlikely to be sustainable throughout 2012, which doesn’t bode well for retail sales. But Brusca says spending on beauty salons and other services helps to sustain employment. “People typically spend for two reasons,” he says. “They’re either very confident or, if they get into debt, very desperate. This is a sign of the consumer becoming more confident.”

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MarketWatch - Stock Market Quotes, Business News, Financial News

New York 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
Shell cancels $14.4 billion bridge credit facility

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 367710

Markets »

56.16MDow Volume:
Avg Vol: 131.80M
Unchanged
125
Decliners
5119
Advancers
1062
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 15,563 -352 2.21%
Nasdaq
/quotes/zigman/12633936/realtime 4,226 -58 1.35%
S&P 500
/quotes/zigman/3870025/realtime 1,818 -34 1.82%
GlobalDow
/quotes/zigman/629063/realtime 2,042 -38 1.84%
Gold
/quotes/zigman/33772884/delayed 1,252 +58 4.83%
Oil
/quotes/zigman/2260836/delayed 26.29 -1.16 4.23%
FTSE 100
/quotes/zigman/3173262/delayed 5,563 -109 1.93%
DAX
/quotes/zigman/2380246/delayed 8,804 -214 2.37%
CAC 40
/quotes/zigman/3173214/delayed 3,919 -142 3.50%
FTSE MIB
/quotes/zigman/1482176/delayed 15,895 -819 4.90%
IBEX 35
/quotes/zigman/2759620/delayed 7,793 -351 4.31%
Stoxx 600
/quotes/zigman/2380150/delayed 305 -10 3.24%
Asia Dow
/quotes/zigman/6959860/realtime 2,439 -15 0.60%
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 1.14 +0.01 0.62%
Yen
/quotes/zigman/16008150/realtime/sampled 112.04 -1.31 1.16%
Pound
/quotes/zigman/16008140/realtime/sampled 1.45 -0.01 0.50%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 0.00 0.10%
DXY Index
/quotes/zigman/1652083/delayed 95.40 -0.42 0.44%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.68 -0.20 0.23%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.59 -0.12 7.19%
German 10y
/quotes/zigman/15866409/realtime 0.18 -0.06 25.94%
Italy 10yr
/quotes/zigman/15866497/realtime 1.72 +0.07 4.42%
Spain 10yr
/quotes/zigman/15866444/realtime 1.77 +0.05 2.99%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.29 -0.12 8.68%
Japan 10yr
/quotes/zigman/15866525/realtime 0.01 0.00 0.00%
Crude Oil
/quotes/zigman/2260836/delayed 26 -1 4.23%
Gold
/quotes/zigman/33772884/delayed 1,252 +58 4.83%
Corn
/quotes/zigman/25518691/delayed 362 +2 0.49%
DJIA F
/quotes/zigman/48241424/delayed 15,501 -365 2.30%
S&P F
/quotes/zigman/43106711/delayed 1,812 -35 1.90%
Silver
/quotes/zigman/32655632/delayed 16 +1 3.42%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 99.72 -1.28 -1.26%
AAPL /quotes/zigman/68270/composite 92.86 -1.41 -1.50%
GOOG /quotes/zigman/59527964/composite 672.63 -11.50 -1.68%
BAC /quotes/zigman/190927/composite 11.18 -0.80 -6.68%
C /quotes/zigman/5065548/composite 35.13 -2.28 -6.09%
F /quotes/zigman/264304/composite 11.12 -0.22 -1.94%
T /quotes/zigman/398198/composite 36.09 -0.34 -0.92%
BP /quotes/zigman/247026/composite 27.11 -0.93 -3.32%
GE /quotes/zigman/227468/composite 27.53 -0.77 -2.72%
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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
Business 13.12% 13.12% 12.85%
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%
Bad Credit 22.56% 22.88% 22.73%
Source:CreditCards.com

SPONSORED SECTIONS

Trending Tickers
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  • /quotes/zigman/220026/composite BA-10.84%
  • /quotes/zigman/118681/composite TSLA+8.21%
  • /quotes/zigman/20039/composite CSCO+8.62%
  • /quotes/zigman/420125/composite GDX+7.35%
X
Powered by StockTwits
Link to MarketWatch's Slice.

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

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