Stocks up, up, up at mid-year point – Jun. 30, 2014
Horton, which rose 75 cents, or 3.1 percent, to $24.58. Utility stocks also did well. The sector rose 0.8 percent, making it the biggest gainer of the 10 industry sectors that make up the S&P 500 industry. The group has climbed 16.4 percent webblog this year as bond yields have fallen, forcing investors to look elsewhere for income.
Stocks drift at start of holiday-shortened week : Business
Lennar gained 35 cents, or 0.8 percent, to $41.94. THE BACKDROP: Major stock indexes remain close to all-time highs after advancing in the second quarter amid signs that the U.S. economy is gradually strengthening after a winter slowdown. The long stretch of gains for stocks has left some investors wary.
The S&P 500 ended last week with a slight loss but is still up nearly 2 percent in June. Paint maker PPG Industries rose 3 percent after announcing plans to buy Mexico’s Consorcio Comex. Bond prices rose. The yield on the 10-year Treasury note edged down to 2.52 percent.
Stocks drift in holiday-shortened week – Yahoo Finance
Stock movers — Yahoo, American Apparel, GoPro: Yahoo ( YHOO , Tech30 ) enjoyed a 2.5% bump after the Internet company was upgraded to “overweight” by Piper Jaffray. Related: Yahoo’s Marissa Mayer loves Alibaba While Yahoo’s core business remains “challenged,” analyst Gene Munster said his bullish call is based on the belief that the company’s stake in Alibaba is “undervalued.” Last week, the Chinese e-commerce giant revealed plans to list its highly anticipated initial public offering on the New York Stock Exchange . Yahoo is Alibaba West American Apparel ( APP ) dropped 6% after the company announced plans to adopt a shareholder rights plan in an effort to prevented ousted chairman (and founder) Dov Charney from seizing control. The sell-off follows a surge of nearly 30% on Friday. Related: Founders in hot water at American Apparel, Lululemon It was truly a great leap for MannKind ( MNKD ).