Greece Prompts a 125-Point Slide for Dow; JPM Still Not Forgotten

The major market benchmarks extended last week's downward trajectory

by 5/14/2012 4:35:15 PM
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Oil futures prolonged last week's pullback and closed today at their lowest price since Dec. 19. Questions about global demand moved into focus as Greece's political turmoil pushed the country closer to losing its euro-zone membership, and as anxieties over a slowing Chinese economy hit the Street. Crude for June delivery fell $1.35, or 1.4%, to end at $94.78 a barrel.

Similarly, gold futures dipped today, as the malleable metal weakened in step with oil and stocks. As the U.S. dollar got a safe-haven boost, June-dated gold hacked off $23, or 1.5%, to settle at $1,561 an ounce -- its lowest closing price of 2012.

Levels to Watch in Trading:

  • Dow Jones Industrial Average (DJI – 12,695.35) - support at 11,500; resistance at 14,000
  • S&P 500 Index (SPX – 1,338.35) - support at 1,100; resistance at 1,500
  • Nasdaq Composite (COMP – 2,902.58) - support at 2,400; resistance at 3,400



OUTPERFORMING AND UNDERPERFORMING SECTORS

STOCKS – MOVERS

STOCKS – EARNINGS

STOCKS – NOTABLE CALL ACTIVITY

STOCKS – NOTABLE PUT ACTIVITY

For today's notable annual highs and lows, click here.

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