US equity markets finished in firm positive territory, printing new highs as we headed into the weekend. Despite continued concern over the political fall-out from Sunday's Greek general elections, markets saw an upward trend for most of the latter half of the session as central bank coordinated action looks likely following a victory by anti-bailout parties at the weekend. Further talk of QE also buoyed markets despite weaker US data, with a lower than expected University of Michigan consumer confidence number weighed on by a lacklustre labour market. In terms of individual stock performance, YPF shares opened considerably higher on news that Carlos Slim got a 8.4% stake in the co., although the co. share price came off later following news that Slim wound up with the stake due to a defaulted loan. Tech stocks also saw decent performance throughout the day, with RIM finishing 4.8% higher, and Oracle up around 3%. Finally the S&P 500 finished up 1.02% at 1342.69, DJIA up 0.90% at 12765.96 and the Nasdaq 100 up 1.23% at 2571.23, with the DJIA posting back-to-back triple digit gains for the first time since Nov'11. For the week the S&P 500 finished up 1.30%, DJIA up 1.70% and the Nasdaq 100 up 0.50%.
Print 20:03, 15 Jun 2012 - US Equities - Source: RANsquawk
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