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NYSE invokes Rule 48 before market open

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Uber drivers lawsuit  endangers much more than Uber
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/quotes/zigman/16008150/realtime/sampled 119.92 +0.55 0.46%
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WSJ $ Idx
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U.S. 10yr
/quotes/zigman/15866666/realtime 2.16 +0.01 0.33%
German 10y
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Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 87.23 -2.20 -2.46%
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GOOG /quotes/zigman/30194416/composite 597.79 -20.46 -3.31%
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5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
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 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
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Bad Credit 22.73% 22.73% 22.48%
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Investors Bail on Junk Bonds

Investors ditched junk bonds for the fourth week in a row, apparently spooked by the European debt crisis and signs of more sluggish economic growth in the U.S.

AGphotographer / Shutterstock.com

High-yield bond mutual funds and ETFs lost $2.9 billion in the week ending June 6, according to fund researcher Lipper. The bulk of that, $2.1 billion, was pulled out of mutual funds — which are mainly used by retail investors – making it the third highest weekly outflow ever for the category.

Investors are worried about lackluster job growth in the U.S. following May’s disappointing jobs report, advisers say. They are also closely watching the crisis in Europe, concerned that Greece could exit the euro zone after its election later this month. The turn away from high yield may have also be a sign investors are still shaken by a large move from an institutional investor last month that led to outflows for all high-yield ETFs for the week, analysts say.

To be sure, high-yield funds are better equipped to handle large moves because they’re bigger than they were in recent years. There are $26 billion in high-yield ETFs, close to an all time high of $29 billion reached in early May, according to Lipper.  Still, “these moves are rare,” says Brad Durham, managing director at EPFR Global, a fund research firm.

In the week ending May 16, one institutional investor pulled $788 million out of the $10.5 billion SPDR Barclays Capital High Yield Bond fund (JNK)– enough to lead to net outflow of $917 million for all high-yield bond ETFs, according to fund tracking firm Lipper. That move reminded investors the degree to which institutional players can impact markets with large trades, says Jeff Tjornehoj, a senior research analyst at Lipper. Prior to that move, high-yield ETFs had only one week of outflows for the year.

Experts say the redemption that scared off investors wasn’t a true outflow from the fund.  Instead, the institutional investor redeemed its ETF shares in exchange for the bonds it invested in. Certain institutional investors, so-called “authorized participants,” can create and redeem ETF shares when they own bonds that track the appropriate index. The practice happens on a daily basis, but investors get concerned when they see such large moves from a single institutional player, says Tjornehoj. “There’s always been a concern that your Main Street investor is at a disadvantage relative to the Wall Street investor,” he says. “Some people watch those activities believing that the ‘smart money’ knows something that they don’t.”

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

Tokyo Markets Close in:

need to know
China to close market this week to honor WW II
CNN shakes up GOP debate criteria
Pope puts abortion forgiveness on the table
Survey may confirm our worst gender fears
GE names first female vice chair
Amgen finds data falsified in diabetes study

NYSE invokes Rule 48 before market open

McDonald’s set to offer all-day breakfast


 
Uber drivers lawsuit  endangers much more than Uber
Uber driver suit can proceed as class-action

Never use a market order when stocks are selling off

Texas edges out North Dakota in this oil list

Where every Fed member stands on raising rates

Rate-hike question is what Yellen didn’t want
Boston Fed president: Sept. doubt remains

New on the shelves of your local Apple Store: drones

Annie Leibovitz is working on UBS’s image

How LVMH poached Apple digital exec Ian Rogers

What to expect at September Apple event
What to expect from the Apple event on Sept. 9
Apple talks to Hollywood for exclusive content
Apple, Cisco team to put business users on iOS
Apple will let iPhone and iPad users block ads
Lost Apple deal leads to 40% job cut at GT

Yahoo CEO Marissa Mayer
Yahoo CEO Marissa Mayer pregnant with twins

Canada’s economy enters recession — arguably

Construction laborers work on the top floor of a high rise apartment building in New York.
Building is emerging as strongest sector of economy
U.S. manufacturing growth at 2-year low: ISM

How China turned minor yuan issue into global rout
Chinese factory data pull Asian shares lower
Beijing bumbling is China’s biggest problem

These are the cars that get the most Instagram attention

Best time to buy a new car may be just around the corner
U.S. car sales are stronger than expected

10 cities in U.S. with the very worst traffic problems
Lowest Labor Day gas prices in 11 years: AAA

Trump says Mount McKinley name change ‘insult to Ohio’
Trump: Switch to Denali is ‘insult to Ohio’
Mount McKinley in Alaska is renamed Denali
Which U.S. president has the tallest mountain?

Classified details blacked out in new Clinton emails
Classified details blacked out in new emails
Clinton says she supports ‘revolving door’ bill
Biden a tougher matchup than Clinton: poll

Unlucky lottery winner gets IOU from Illinois

/conga/frontpage.html 353884

Markets »

171.39MDow Volume:
Avg Vol: 111.86M
Unchanged
163
Decliners
5264
Advancers
1172
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 16,058 -470 2.84%
Nasdaq
/quotes/zigman/12633936/realtime 4,636 -140 2.94%
S&P 500
/quotes/zigman/3870025/realtime 1,914 -58 2.96%
GlobalDow
/quotes/zigman/629063/realtime 2,291 -4 0.18%
Gold
/quotes/zigman/662444/delayed 1,139 -1 0.10%
Oil
/quotes/zigman/2331095/delayed 44.15 -1.26 2.77%
FTSE 100
/quotes/zigman/3173262/delayed 6,059 -189 3.03%
DAX
/quotes/zigman/2380246/delayed 10,016 -244 2.38%
CAC 40
/quotes/zigman/3173214/delayed 4,541 -112 2.40%
FTSE MIB
/quotes/zigman/1482176/delayed 21,451 -491 2.24%
IBEX 35
/quotes/zigman/2759620/delayed 9,993 -266 2.59%
Stoxx 600
/quotes/zigman/2380150/delayed 353 -10 2.73%
Asia Dow
/quotes/zigman/6959860/realtime 2,697 -20 0.75%
Nikkei 225
/quotes/zigman/5986735/delayed 18,166 -725 3.84%
Hang Seng
/quotes/zigman/2622475/delayed 21,185 -485 2.24%
Shanghai
/quotes/zigman/1859015/delayed 3,167 -39 1.23%
Sensex
/quotes/zigman/1652085/delayed 25,696 -587 2.23%
Singapore
/quotes/zigman/1709939/delayed 2,883 -39 1.32%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 0.00 0.22%
Yen
/quotes/zigman/16008150/realtime/sampled 119.93 +0.56 0.47%
Pound
/quotes/zigman/16008140/realtime/sampled 1.53 0.00 0.05%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.70 0.00 0.04%
DXY Index
/quotes/zigman/1652083/delayed 95.47 +0.09 0.09%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.33 +0.16 0.18%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.16 +0.01 0.33%
German 10y
/quotes/zigman/15866409/realtime 0.80 +0.06 8.79%
Italy 10yr
/quotes/zigman/15866497/realtime 2.00 +0.08 4.05%
Spain 10yr
/quotes/zigman/15866444/realtime 2.14 +0.08 3.76%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.83 -0.02 1.25%
Japan 10yr
/quotes/zigman/15866525/realtime 0.36 -0.02 4.88%
Crude Oil
/quotes/zigman/2331095/delayed 44 -1 2.77%
Gold
/quotes/zigman/662444/delayed 1,139 -1 0.10%
Corn
/quotes/zigman/7599553/delayed 368 -7 1.87%
DJIA F
/quotes/zigman/38649152/delayed 16,116 +29 0.18%
S&P F
/quotes/zigman/30356461/delayed 1,920 +4 0.19%
Silver
/quotes/zigman/3134148/delayed 15 0 0.27%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 87.23 -2.20 -2.46%
AAPL /quotes/zigman/68270/composite 107.72 -5.04 -4.47%
GOOG /quotes/zigman/30194416/composite 597.79 -20.46 -3.31%
BAC /quotes/zigman/190927/composite 15.58 -0.76 -4.65%
C /quotes/zigman/5065548/composite 50.94 -2.54 -4.75%
F /quotes/zigman/264304/composite 13.72 -0.15 -1.08%
T /quotes/zigman/398198/composite 32.32 -0.88 -2.65%
BP /quotes/zigman/247026/composite 32.14 -1.40 -4.17%
GE /quotes/zigman/227468/composite 23.88 -0.94 -3.79%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
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Rates »

5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
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 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

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Trending Tickers
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  • /quotes/zigman/219890/composite HRB-3.15%
  • /quotes/zigman/4534424/composite QIHU-6.26%
  • /quotes/zigman/221038/composite CVC+1.95%
X
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Link to MarketWatch's Slice.

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