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Stock Markets Summary – These are the quotes from the end of the day on Friday
Dow Jones Industrial Average – ended at 9,686.48, a 5% drop for the week.
S&P- Dropped 4.79 points, a drop of 5% for the week.
NASDAQ- Dropped 9.57 points to 2,091.79.

These are the major events from this month:

Currencies
The dollar index ended last week at 84.41, reaching its lowest level in two months.

Savings and Consumer Spending
Spending rose slightly higher in May compared to April, suggesting increased consumer confidence. Savings also rose compared to last month.

Commodity Market
Oil- Crude oil prices for August fell to $77.96 a barrel.
Gold- COMEX gold’s August contract fell $16.60 to $1,239.20 per ounce. Gold futures rose a dollar in expectation of the holiday weekend.

Employment
The jobless rate decreased by .2%, from 9.5% in June from 9.7% in May.
Nonfarm payrolls for June fell by 125,000, whereas private payrolls for June increased by 83,000, which is an improvement from the 33,000 private payrolls that were added last month.
New claims for unemployment benefits unexpectedly rose by 13,000 in the week ended June 26 to 472,000, the Labor Department said, a sign that companies remain reluctant to hire.

Sales and Manufacturing
Retail sales fell in May for the first time in eight months. The manufacturing index fell 3.5 points in June to 56.2, the lowest level this year.

Housing
Home sales declined last month to 300,000, a 32.7% decrease from 446,000 the previous month.

In our last post we asked how the world markets will respond to the Greek crisis. We mentioned that it could be a good time to wager on the rise or fall of the Euro.

But we neglected to mention that the crises could cause fluctuations (and opportunity for you) in world indices.

Yesterday at 2:30 pm in , the Dow Jones Industrial Average plunged 1,000 points, then rebounding within a matter of minutes, closing for the day with a decline of a rate of 3.24%.

The Nasdaq fell 82.65 points and the Standard & Poor index dropped 37.75 points.

At first investors thought that the market was reacting to the Greek crisis more strongly than first anticipated. The crisis was more dangerous than previously imagined.

It seems instead that the decline was due in part to an incorrect order- an amount of $16 billion that should have been $16 million. The Nasdaq has said that it will cancel trades occurring from 2:40 pm to 3:00 pm. that day.

Although this incident is rather unprecedented, intraday and intrahour trading can offer many such surprises for traders. Will binary traders also get their money back for trades during this Wall Street glitch period?

The Tel Aviv 25 Index is a capitalization-weighted index of 25 stocks traded on the Tel Aviv Stock Exchange (TASE). The Index was developed with a base value of 100 as of December 31, 1991. TA-25 is a total return index, and its current value is around 1224 points.

In the shadow of a global recession, the Israeli economy was one of the firsts to resume growth, as also reflected by the Tel-Aviv Stock Exchange performance. Since the second half of 2008, The Tel Aviv 25 Index has been increasing steadily, and it is now approaching its historic record of 1,237 points, set at October 2007.

Source: www.tase.co.il

So the question at hand is – will TA-25 cross its historic record and continue to climb, or will this trend subside, failing to cross the 1,237 point-barrier?

Have an estimation? Come make a profit using our trading platform!