Dow Jones Industrial Average (DJIA) 2015 inspires confidence

Dow Jones Industrial Average (DJIA) 2015 inspires confidence. The US stock market closed trading on Thursday fall on a background of negative dynamics on the part of the sectors of oil and gas, raw materials and industry. At the close on the New York Stock Exchange Dow Jones fell 0.94%, the S & P 500 fell 0.86%, NASDAQ Composite Index fell 0.79%.

The leaders of growth among the components of the Dow Jones index at the end of today’s trading were the shares of Goldman Sachs Group Inc (NYSE: GS), which rose by 0.58 p. (0.28%) and closed at around 208.87. Quotes McDonald`s Corporation (NYSE: MCD) fell by 0.21 p. (0.22%), ending trading at 96.31. Shares of Pfizer Inc (NYSE: PFE) fell 0.17 n. (0.49%), closing at 34.24.

The DJIA today fell more than 170 points after Greece announced plans to bypass a pending debt payment on Friday. Falling commodity prices weighed down the energy and mining sectors.

The S&P 500 Volatility Index (VIX), the market’s fear gauge, jumped more than 7% on the day.

Top Stock Market News Today for the DJIA, S&P 500, Nasdaq.

◾Stock Market News: Today, the markets slipped on falling oil and gold prices, which weighed down energy and mining stocks. Concerns over Greece’s pending debt deadline remained mired in uncertainty. Greece delayed its debt payment due tomorrow; meanwhile, German Chancellor Angela Merkel announced that Greece and its international creditors were still far from a possible deal.

◾Fed Focus: The International Monetary Fund urged the Federal Reserve to refrain from raising interest rates until 2016. The global monetary agency said the central bank must continue to keep an eye on economic data and that rates should not increase until there is a clear trend of rising wages and higher inflation.

◾Oil Falls: Oil prices slipped for the second consecutive day as investors brace for an upcoming meeting of the Organization of the Petroleum Exporting Countries (OPEC). WTI crude futures for July slumped more than 2.5% to hit $58.11 per barrel. Meanwhile, Brent oil was down 2.4% to hit $62.24 per barrel.

◾On Tap Friday: This morning, the U.S. government announced weekly jobless claims hit 276,000 last week, besting economist expectations and last week’s figure of 282,000. That puts tomorrow’s May jobs report in focus. Companies reporting earnings tomorrow morning include LightInTheBox Holding Co. Ltd. (Nasdaq: LITB), Multi-Color Corp. (Nasdaq: LABL), UTStarcom Holdings Corp. (Nasdaq: UTSI), and Yingli Green Energy Holding Company Ltd. (NYSE: YGE).

Verizon Communications Inc. (NYSE: VZ) traded down 2.12% at $48.04. The stock’s 52-week range is $45.09 to $53.66. Nearly 32 million shares traded hands today, more than double the daily average of around 14.8 million. The telecom giant is widely seen as the loser in the event a deal is reached and Dish Network merges with T-Mobile. Verizon’s massive debt related to its acquisition of the 40% of Verizon Wireless once owned by Vodafone makes it tough for the company to make a competing offer.

The Boeing Co. (NYSE: BA) traded down 1.78% at $141.11. The stock’s 52-week range is $116.32 to $158.83. Trading volume reached about 2.5 million shares, well below the daily average of around 3.9 million. The company had no specific news today.

Cisco Systems Inc. (NASDAQ: CSCO) traded lower by 1.67% at $28.61. The stock’s 52-week range is $22.49 to $30.31. Trading volume topped 20 million shares, well below the daily average of around 25.5 million. Some of the company’s top managers are being moved out as a new CEO prepares to take over.

Of the Dow 30 stocks 29 are set to close lower today and just 1 is on track to close lower.

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