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Here's what the Dow Jones Industrial Average did today, June 11, 2015…
What the DJIA, S&P 500, and Nasdaq Did Today
S&P 500: 2,108.86; +3.66; +0.17%
Nasdaq: 5,082.51; +5.82; +0.11%
The DJIA today rose nearly 39 points after strong retail sales data boosted confidence in the U.S. economy. Heaalthcare stocks pushed the Nasdaq and S&P 500 higher.
Shares of Eli Lilly and Co. (NYSE: LLY) gained more than 4% on news that one of the company's drugs surpassed goals in two phase 3 studies.
The S&P 500 Volatility Index (VIX), the market's fear gauge, slipped 2.8%.
Top Stock Market News Today
- What Moved the Dow Today: Domestic retail data and optimism in the healthcare sector fueled U.S. markets higher, but problems in Europe continue to accelerate. Today, talks between Greece and its creditors again broke down as the debt-saddled nation continues to reject demands from Germany, France, and other EU nations. The International Monetary Fund halted negotiations and sent their entire team home due to the gridlock. Meanwhile, EU leaders are urging Greek leaders to "stop gambling" with their financial future. Want to know the true story of why Greece hasn't defaulted yet? Get that here…
- Oil in Focus: Oil prices reversed from yesterday's gains, sending energy stocks downward today. WTI crudefutures for July slipped 1.2% this morning to hit $60.66 per barrel. Meanwhile, Brent oil fell 1.1% to hit $64.97 per barrel. Shares of Chesapeake Energy Corp. (NYSE: CHK), Transocean Ltd. (NYSE: RIG), and Diamond Offshore Drilling Inc. (NYSE: DO) all fell more than 4% on the day. Profit Alert: This is an incredible buying opportunity for these energy stocks…
- On Tap Tomorrow: On Friday, the University of Michigan will release its Consumer Sentiment Index for the month of June. Economists expect the Index to rise from 90.7 in May to 91.5.
- Earnings Reports: Companies reporting earnings tomorrow include Crown Crafts Inc. (Nasdaq: CRWS) and Synutra International Inc. (Nasdaq: SYUT).
Stocks to Watch: CTXS, LULU, KKD, AMZN, FOXA, TWTR
- Stocks to Watch No. 1, CTXS: Shares of Citrix Systems Inc. (Nasdaq: CTXS) jumped 6.7% after activist hedge fund Elliott Associates, which owns 7.1% of the firm, said it believes the tech giant's stock could increase by as much as 30% in the next year. The hedge fund laid out a path for the firm to reach $100 per share, including recommendations that the software maker sell certain business lines, introduce a stock buyback program, and slash costs across the board.
- Stocks to Watch No. 2, LULU: Shares of Lululemon Athletica Inc. (Nasdaq: LULU) slumped more than 1% after the Canadian yoga apparel company's founder Dennis Wilson filed paperwork to sell his entire stake in the firm.
- Stocks to Watch No. 3, KKD: Shares of Krispy Kreme Doughnuts Inc. (NYSE: KKD) surged more than 13.7% after the company reported stronger than expected earnings and an adjusted per-share profit of $0.24. That bests consensus per-share expectations of $0.22. The global doughnut giant hiked the bottom end of its 2016 profit forecast, boosting confidence among shareholders.
- Stocks to Watch No. 4, AMZN: Shares of com Inc. (Nasdaq: AMZN) were up marginally on the day despite news that the European Commission is investigating the company on antitrust concerns regarding the company's e-books distribution business. The commission has raised concerns about contracts between publishers and Amazon that make it more difficult for its competitors to innovate.
- Stocks to Watch No. 5, FOXA: Shares of Twenty-First Century Fox Inc. (Nasdaq: FOXA) were in the red today on news that Chairman Rupert Murdoch will hand over the role of CEO to his son James. Rupert Murdoch, who has been the company's CEO since 1979, will remain the firm's executive chairman.
- Stocks to Watch No. 6, TWTR: Right after closing bell today it was announced that Twitter Inc. (NYSE: TWTR) CEO Dick Costolo is out. He'll leave July 1. Co-founder Jack Dorsey will be interim CEO. TWTR shares were up about 7% in after-hours trading.
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About the Author
Garrett Baldwin is a globally recognized research economist, financial writer, and consultant with degrees from Northwestern, Johns Hopkins, Purdue, and Indiana University. He is a seasoned financial and political risk analyst, with a focus on stocks, hedge funds, private equity, blockchain, and housing policy. He has conducted risk assessment projects for clients in 27 countries, and consulted on policy and financial operations for some of the nation's largest financial institutions, including a $1.5 trillion credit fund, a $43 billion credit and auto loan giant, as well as two of the largest Wall Street banks by assets under management.
Garrett joined Money Map Press as an economist and researcher in 2011, specializing in alternative strategies with an emphasis on fundamental and technical analysis.