Financial Markets Closing

Published on August 21, 2012, 8:55 pm
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DJIA: 13,204 (-0.51%) Touches highest closing level in four years before dropping down
S&P500: 1,413 (-0.35%) Touches highest level since May 2008 earlier in the day
Nasdaq: 3,067 (-0.29%)
EuroStoxx: +0.97%
Nikkei: -0.16%
Hang Seng: -0.02%

Best Buy misses with an EPS of $0.20 vs. street estimate of $0.31, and revenue of $10.55 billion vs. estimate of $10.64 billion.  Suspends forecast and share repurchases for FY13. New CEO Hubert Joly (turnaround experience, though none in retail) appointed 8/20. See attached for more details.

Dell beats on EPS of $0.50 vs. est. $0.45, but misses on revenue with $14.48B vs. $14.63B est. Q3 guidance. See attached for more details.

WTI Crude: 96.84 (+0.60%)
Nat Gas: -0.03%
Copper: +2.42%
Corn: +1.82%   1-year high
Soybeans: +2.92%  Soybeans near one year high

EURUSD: 1.2473 (+1.03%)
DXY Dollar Index: 81.907 (-0.67%)

U.S. 10y: 1.7984% (-0.7bp)
German 10y: 1.557% (+5bp)
Spanish 10y: 6.211% (-7bp)
Italian 10y: 5.659% (-11bp)


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