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When do markets close for Labor Day?
Netflix's stock heads for sixth straight loss
44 million tried Apple Music in its first month
Alibaba shares to be used for $2 bln loan
Europe set for weekly loss | FTSE 100 drops
Oil prices down ahead of key U.S. jobs report
Treasury yields fall | Dollar weakens
Big week of losses for Asian stocks
Amazon to buy video software company
Kocherlakota opposes 2015 fed-fund rate hike
AstraZeneca: FDA OKs long-term Brilinta use


Money flows back to stock funds as investors tiptoe in
Money flows back to stock funds


Obscure trading strategy draws Wall Street’s ire

G-20 wants China to say how it will calm markets
G-20 wants China to say how it will calm markets

Chinese Navy ships enter U.S. territory

Watch China’s 90-minute parade in 60 seconds
See photos of China's massive military parade
China markets close for war anniversary

Labor Day traffic will be the worst since 2008


Hey Twitter, is Jack Dorsey going to be CEO?

My father wanted to divide his estate, but my sister took it all
My sister took all of my father’s estate


Family grief may hold Biden back from White House run
Family grief may hold Biden back from 2016 run

Karl Lagerfeld is coming to a store near you
Karl Lagerfeld is coming to a store near you

Germany at fault in Europe’s refugee crisis
Immigration to Germany at highest since 1992
Chaos in Budapest as migrants rush trains
Father of drowned Syrian boy describes voyage

Is the emerging markets bull back again?

Oops — Rick Perry says broken clock right once a day

Six actors who were almost cast as James Bond

Sizeable outflow from China adds to fears
China tightens controls to keep money at home

Gates: How we can avoid worst of climate change

Facebook is most successful app, beating out Google, Apple
This is the most successful app ever


43% of U.S. homes are at high risk of natural disaster

What it’s like to play tennis with a ‘smart’ racket

Does this survey confirm our worst fears about the sexes?
Does this confirm our worst fears about the sexes?

Blame Marissa Mayer for maternity-leave shrink

These are the college majors that are dying

They tangled with student debt all summer
College help for low-income families

Investment risk has changed, so this must change too
Volatility is driving foreign buyers to Treasurys

The search for 1,000 angels to help women startups

/conga/frontpage.html 354145

Markets »

109.73MDow Volume:
Avg Vol: 113.10M
Unchanged
224
Decliners
2653
Advancers
3709
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 16,375 +23 0.14%
Nasdaq
/quotes/zigman/12633936/realtime 4,733 -16 0.35%
S&P 500
/quotes/zigman/3870025/realtime 1,951 +2 0.12%
GlobalDow
/quotes/zigman/629063/realtime 2,307 -16 0.68%
Gold
/quotes/zigman/662444/delayed 1,123 -1 0.11%
Oil
/quotes/zigman/2331095/delayed 46.53 -0.22 0.47%
FTSE 100
/quotes/zigman/3173262/delayed 6,094 -100 1.61%
DAX
/quotes/zigman/2380246/delayed 10,114 -204 1.97%
CAC 40
/quotes/zigman/3173214/delayed 4,557 -97 2.09%
FTSE MIB
/quotes/zigman/1482176/delayed 21,619 -559 2.52%
IBEX 35
/quotes/zigman/2759620/delayed 9,850 -193 1.92%
Stoxx 600
/quotes/zigman/2380150/delayed 355 -7 1.87%
Asia Dow
/quotes/zigman/6959860/realtime 2,687 -26 0.96%
Nikkei 225
/quotes/zigman/5986735/delayed 17,792 -390 2.15%
Hang Seng
/quotes/zigman/2622475/delayed 20,841 -94 0.45%
Shanghai
/quotes/zigman/1859015/delayed 3,160 -6 0.20%
Sensex
/quotes/zigman/1652085/delayed 25,202 -563 2.18%
Singapore
/quotes/zigman/1709939/delayed 2,864 -43 1.47%
Euro
/quotes/zigman/16008136/realtime/sampled 1.11 +0.00 0.15%
Yen
/quotes/zigman/16008150/realtime/sampled 119.25 -0.82 0.69%
Pound
/quotes/zigman/16008140/realtime/sampled 1.52 0.00 0.23%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.70 0.00 0.47%
DXY Index
/quotes/zigman/1652083/delayed 96.22 -0.18 0.19%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.77 -0.05 0.05%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.14 -0.02 1.14%
German 10y
/quotes/zigman/15866409/realtime 0.68 -0.04 5.85%
Italy 10yr
/quotes/zigman/15866497/realtime 1.89 -0.03 1.59%
Spain 10yr
/quotes/zigman/15866444/realtime 2.08 -0.03 1.45%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.74 -0.06 3.25%
Japan 10yr
/quotes/zigman/15866525/realtime 0.37 -0.03 6.87%
Crude Oil
/quotes/zigman/2331095/delayed 47 0 0.47%
Gold
/quotes/zigman/662444/delayed 1,123 -1 0.11%
Corn
/quotes/zigman/7599553/delayed 362 0 0.00%
DJIA F
/quotes/zigman/38649152/delayed 16,183 -165 1.01%
S&P F
/quotes/zigman/30356461/delayed 1,928 -18 0.92%
Silver
/quotes/zigman/3134148/delayed 15 0 0.22%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 88.15 -1.74 -1.94%
AAPL /quotes/zigman/68270/composite 110.37 -1.97 -1.75%
GOOG /quotes/zigman/30194416/composite 606.25 -8.09 -1.32%
BAC /quotes/zigman/190927/composite 15.94 0.09 0.57%
C /quotes/zigman/5065548/composite 51.79 0.04 0.08%
F /quotes/zigman/264304/composite 13.84 -0.03 -0.22%
T /quotes/zigman/398198/composite 33.04 0.22 0.67%
BP /quotes/zigman/247026/composite 32.41 0.21 0.65%
GE /quotes/zigman/227468/composite 24.51 -0.06 -0.24%
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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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Greece’s Election and Your Portfolio

Greece holds a national election on Sunday that is widely seen as a vote on whether it will remain in the euro zone. U.S. investors may have more at stake in the outcome than they think. In the short term, an unexpected outcome could sway portfolio values by 5% or more in either direction, according to a Thursday report by Bank of America Merrill Lynch.

The contest is between the far-left Syriza party, which has said it will reject the austerity measures Greece agreed to as part of past bailouts, and the center-right New Democracy party, which would leave the measures largely intact. If the new Greek government rejects the austerity measures outright, the country’s creditors would likely withhold future bailout funds, leaving the nation with little cash and likely forcing it from the euro zone.

No opinion poll results have been released since June 2, in keeping with Greek law, but a massive 10% rally in Greek shares on Thursday could signal that investors believe the country will form a pro-euro government.

But such an outcome might not produce the biggest gains for investors in coming weeks, oddly enough. By BofA’s reckoning, the most bullish outcome is that Greece fails to form a pro-euro government, resulting in a decisive response from the European Central Bank. That could include an interest rate cut, large bond purchases designed to push rates lower and a new program to guarantee bank deposits across Europe, or to recapitalize struggling banks.

The probability of all this is “low”, but it could send the S&P 500 index 5% to 10% higher in a month, according to BofA. The 10-year Treasury yield would jump to 2.1% from its recent level of about 1.6% as investors left safe havens for risky assets.  Gold would shoot to $1,700 an ounce from about $1,620 on anxiety over all that money-printing. Among the best places for investors to be would be European bank shares.

Only slightly more likely is the worst-case scenario, which consists of the same election outcome minus the policy response. Stocks and gold would shed around 5% within a month, and a rush for Treasurys would reduce the 10-year yield to a record low of 1.3%.

The most likely outcome, according to BofA? Greece forms a pro-euro government and sticks to its austerity program, and the policy response is limited.  Any rally in stocks is sharp but short-lived, as investors quickly turn their attention from Greece’s euro membership to wobbly Spanish banks and the weak European economy in general.

In other words, under the most likely scenario, the investment landscape looks pretty much the way it does now, for better or worse.

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    • By WebOsPublisher

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    • good article pointing to the different and difficult scenarios facing investors in the coming days and weeks…tbc

    • No one listens to BA anyway.

    • @Marketwatcher
      The article hedges everything it says. No one knows how this will play out but my guess is Greece leaves the Euro Zone and defaults on existing loans and prints Drachma’s to cover internal costs without the ability to do much importing.

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MarketWatch - Stock Market Quotes, Business News, Financial News

New York Markets Open in:

Futures: /quotes/zigman/30356461/delayed S&P 500 -0.9% /quotes/zigman/38649152/delayed DOW -1.0% /quotes/zigman/30356458/delayed NASDAQ -0.9%

need to know
When do markets close for Labor Day?
Netflix's stock heads for sixth straight loss
44 million tried Apple Music in its first month
Alibaba shares to be used for $2 bln loan
Europe set for weekly loss | FTSE 100 drops
Oil prices down ahead of key U.S. jobs report
Treasury yields fall | Dollar weakens
Big week of losses for Asian stocks
Amazon to buy video software company
Kocherlakota opposes 2015 fed-fund rate hike
AstraZeneca: FDA OKs long-term Brilinta use


Money flows back to stock funds as investors tiptoe in
Money flows back to stock funds


Obscure trading strategy draws Wall Street’s ire

G-20 wants China to say how it will calm markets
G-20 wants China to say how it will calm markets

Chinese Navy ships enter U.S. territory

Watch China’s 90-minute parade in 60 seconds
See photos of China's massive military parade
China markets close for war anniversary

Labor Day traffic will be the worst since 2008


Hey Twitter, is Jack Dorsey going to be CEO?

My father wanted to divide his estate, but my sister took it all
My sister took all of my father’s estate


Family grief may hold Biden back from White House run
Family grief may hold Biden back from 2016 run

Karl Lagerfeld is coming to a store near you
Karl Lagerfeld is coming to a store near you

Germany at fault in Europe’s refugee crisis
Immigration to Germany at highest since 1992
Chaos in Budapest as migrants rush trains
Father of drowned Syrian boy describes voyage

Is the emerging markets bull back again?

Oops — Rick Perry says broken clock right once a day

Six actors who were almost cast as James Bond

Sizeable outflow from China adds to fears
China tightens controls to keep money at home

Gates: How we can avoid worst of climate change

Facebook is most successful app, beating out Google, Apple
This is the most successful app ever


43% of U.S. homes are at high risk of natural disaster

What it’s like to play tennis with a ‘smart’ racket

Does this survey confirm our worst fears about the sexes?
Does this confirm our worst fears about the sexes?

Blame Marissa Mayer for maternity-leave shrink

These are the college majors that are dying

They tangled with student debt all summer
College help for low-income families

Investment risk has changed, so this must change too
Volatility is driving foreign buyers to Treasurys

The search for 1,000 angels to help women startups

/conga/frontpage.html 354145

Markets »

109.73MDow Volume:
Avg Vol: 113.10M
Unchanged
224
Decliners
2653
Advancers
3709
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 16,375 +23 0.14%
Nasdaq
/quotes/zigman/12633936/realtime 4,733 -16 0.35%
S&P 500
/quotes/zigman/3870025/realtime 1,951 +2 0.12%
GlobalDow
/quotes/zigman/629063/realtime 2,307 -16 0.68%
Gold
/quotes/zigman/662444/delayed 1,123 -1 0.12%
Oil
/quotes/zigman/2331095/delayed 46.54 -0.21 0.45%
FTSE 100
/quotes/zigman/3173262/delayed 6,096 -98 1.59%
DAX
/quotes/zigman/2380246/delayed 10,118 -200 1.94%
CAC 40
/quotes/zigman/3173214/delayed 4,557 -97 2.08%
FTSE MIB
/quotes/zigman/1482176/delayed 21,623 -554 2.50%
IBEX 35
/quotes/zigman/2759620/delayed 9,852 -191 1.90%
Stoxx 600
/quotes/zigman/2380150/delayed 356 -7 1.86%
Asia Dow
/quotes/zigman/6959860/realtime 2,687 -26 0.96%
Nikkei 225
/quotes/zigman/5986735/delayed 17,792 -390 2.15%
Hang Seng
/quotes/zigman/2622475/delayed 20,841 -94 0.45%
Shanghai
/quotes/zigman/1859015/delayed 3,160 -6 0.20%
Sensex
/quotes/zigman/1652085/delayed 25,202 -563 2.18%
Singapore
/quotes/zigman/1709939/delayed 2,864 -43 1.47%
Euro
/quotes/zigman/16008136/realtime/sampled 1.11 +0.00 0.14%
Yen
/quotes/zigman/16008150/realtime/sampled 119.25 -0.83 0.69%
Pound
/quotes/zigman/16008140/realtime/sampled 1.52 0.00 0.23%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.70 0.00 0.47%
DXY Index
/quotes/zigman/1652083/delayed 96.22 -0.18 0.19%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.77 -0.04 0.05%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.14 -0.02 1.14%
German 10y
/quotes/zigman/15866409/realtime 0.68 -0.04 5.73%
Italy 10yr
/quotes/zigman/15866497/realtime 1.89 -0.03 1.55%
Spain 10yr
/quotes/zigman/15866444/realtime 2.08 -0.03 1.41%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.74 -0.06 3.19%
Japan 10yr
/quotes/zigman/15866525/realtime 0.37 -0.03 6.87%
Crude Oil
/quotes/zigman/2331095/delayed 47 0 0.45%
Gold
/quotes/zigman/662444/delayed 1,123 -1 0.12%
Corn
/quotes/zigman/7599553/delayed 362 0 0.00%
DJIA F
/quotes/zigman/38649152/delayed 16,184 -164 1.00%
S&P F
/quotes/zigman/30356461/delayed 1,928 -18 0.93%
Silver
/quotes/zigman/3134148/delayed 15 0 0.22%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 88.15 -1.74 -1.94%
AAPL /quotes/zigman/68270/composite 110.37 -1.97 -1.75%
GOOG /quotes/zigman/30194416/composite 606.25 -8.09 -1.32%
BAC /quotes/zigman/190927/composite 15.94 0.09 0.57%
C /quotes/zigman/5065548/composite 51.79 0.04 0.08%
F /quotes/zigman/264304/composite 13.84 -0.03 -0.22%
T /quotes/zigman/398198/composite 33.04 0.22 0.67%
BP /quotes/zigman/247026/composite 32.41 0.21 0.65%
GE /quotes/zigman/227468/composite 24.51 -0.06 -0.24%
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
1.5%
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

SPONSORED SECTIONS

Trending Tickers
  • /quotes/zigman/87598/composite NFLX-4.15%
  • /quotes/zigman/365296/composite PAY+0.58%
  • /quotes/zigman/221644/composite CAT-2.17%
  • /quotes/zigman/343915/composite HEP+0.78%
  • /quotes/zigman/7601800/composite JOY-14.60%
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
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  • Games, such as Virtual Stock Exchange and Beat the Darts
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