News Headline Summary

US EQUITY WRAP

US equities showed a mixed performance but generally strong as the Nasdaq 100 surged 1.5%, supported by Vertex Pharmaceuticals who gained >55% following a ruling that their cystic fibrosis combo helps people breathe. Google and Microsoft were two bid names in focus who supported equity prices as co. shares gained 4.5% and 3.5% respectively with Google breaking back above USD 800 for the first time since the middle of April. Large name IBM weighed on the DJIA throughout trade as the large index component fell >8% due to a lacklustre after-market earnings report yesterday. The VIX index closed today at its lowest level since Tuesday and down 15% from Thursday’s close. A lack of tier 1 US data saw a general trend higher and a little volatility, and focus remained on Apple shares as they traded around lowest levels since Dec’11 ahead of earnings on Tuesday next week. Finally, the DJIA finished up 0.06% at 14545.44, the S&P 500 finished up 0.87% at 1555.10 and the NASDAQ 100 finished up 1.40% at 2780.46. For the week the DJIA finished down 2.14%, the S&P 500 down 2.12% and the NASDAQ 100 finished down 2.66%.

19 Apr 2013 - 21:01 - Equities Data - Source: RANsquawk

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: