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Friday, May 29, 2015 6:29:26 AM
STTG Market Recap May 28, 2015
After 2 volatile days, a return to more calm on Thursday as the S&P 500 fell 0.13% and the NASDAQ 0.17%. The daily Greek drama continues; IMF Managing Director Christine Lagare told a German newspaper that a Greek exit from the euro zone was possible but that this would probably not herald the end of the euro currency. On Wednesday, both U.S. and European equities rallied after Greece said it had stated crafting a “staff level agreement” with its international bailout supervisors. However, European officials rebuked the claims on Thursday, saying there was some way to go before any agreement could be drawn up and that they were surprised by the upbeat sentiment from Greece.
Indexes look much the same as we entered the week.
GoPro (GPRO) rose to a four-month high after the maker of action cameras announced plans to develop drone and virtual-reality businesses. It tagged its newly created 200 day moving average.
moe charts @ http://www.stocktradingtogo.com/2015/05/28/sttg-market-recap-may-28-2015/
After 2 volatile days, a return to more calm on Thursday as the S&P 500 fell 0.13% and the NASDAQ 0.17%. The daily Greek drama continues; IMF Managing Director Christine Lagare told a German newspaper that a Greek exit from the euro zone was possible but that this would probably not herald the end of the euro currency. On Wednesday, both U.S. and European equities rallied after Greece said it had stated crafting a “staff level agreement” with its international bailout supervisors. However, European officials rebuked the claims on Thursday, saying there was some way to go before any agreement could be drawn up and that they were surprised by the upbeat sentiment from Greece.
Indexes look much the same as we entered the week.
GoPro (GPRO) rose to a four-month high after the maker of action cameras announced plans to develop drone and virtual-reality businesses. It tagged its newly created 200 day moving average.
moe charts @ http://www.stocktradingtogo.com/2015/05/28/sttg-market-recap-may-28-2015/
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