Financial news on October 19th, 2011
Business and Financial news
American stocks rise as European officials are said to be near completion of broad agreement between Germany and France on large infusion of bailout money; serious consideration is being given to increasing size of bailout fund of 440 billion euros to at least 1 trillion to 1.5 trillion euros with discussions taking on greater urgency after Moody's warning of a possible downgrade of France's flawless credit rating. Read more..
It pays for investors to carefully research issues involving municipal bonds in uncertain economic times, even considering that the widespread defaults predicted for 2011 never occurred; EMMA Web service helps navigate the issues. Read more..
Highlights from the DealBook newsletter. Read more..
Research in Motion disappoints investors and analysts after unveiling little more than a rebranding of what it called its 'next generation platform' for BlackBerry smartphones and tablets at conference intended to persuade app developers to produce software for future devices. Read more..
Stock Markets
Values are reported in US Dollars
| Stock | Ticker symbol | Open | High | Low | Close | Volume |
| Intel | INTC | 24.01 | 24.50 | 23.86 | 24.24 | 140M |
| Abbott Laboratories | ABT | 55.53 | 55.61 | 52.96 | 53.25 | 78.1M |
| General Electric | GE | 16.71 | 16.87 | 16.41 | 16.52 | 51.9M |
| JPMorgan Chase | JPM | 32.77 | 34.01 | 32.03 | 32.25 | 50.1M |
| Microsoft | MSFT | 27.37 | 27.47 | 27.01 | 27.13 | 42.9M |
| Wells Fargo & Co. | WFC | 25.79 | 26.18 | 25.10 | 25.18 | 42.9M |
| Apple | AAPL | 401.35 | 408.42 | 397.80 | 398.62 | 39.4M |
| Cisco Systems | CSCO | 17.40 | 17.54 | 17.05 | 17.16 | 35.8M |
| Pfizer | PFE | 18.97 | 19.05 | 18.71 | 18.81 | 30.8M |
| Oracle Corp. | ORCL | 31.83 | 32.18 | 31.25 | 31.49 | 25.6M |
| ExxonMobil | XOM | 78.57 | 79.24 | 77.92 | 78.43 | 20.9M |
| Johnson & Johnson | JNJ | 64.51 | 64.51 | 62.16 | 62.64 | 20M |
| AT&T Inc. | T | 29.27 | 29.35 | 28.94 | 29.09 | 19.7M |
| Comcast | CMCSA | 23.78 | 24.02 | 23.33 | 23.54 | 18.3M |
| HP Inc. | HPQ | 25.36 | 25.50 | 24.84 | 24.98 | 13.8M |
| Wal-Mart Stores | WMT | 55.71 | 56.43 | 55.70 | 56.25 | 13M |
| UnitedHealth Group | UNH | 45.40 | 47.42 | 45.21 | 46.45 | 12.3M |
| Merck | MRK | 32.80 | 33.06 | 32.42 | 32.54 | 11.9M |
| ConocoPhillips | COP | 69.35 | 70.67 | 69.06 | 69.56 | 11.6M |
| Bristol-Myers Squibb | BMY | 32.58 | 32.77 | 32.20 | 32.35 | 10.8M |
| Schlumberger | SLB | 69.83 | 70.93 | 67.73 | 67.90 | 10.6M |
| Verizon Communications | VZ | 37.22 | 37.44 | 36.97 | 37.05 | 10.3M |
| Home Depot | HD | 35.79 | 36.02 | 35.29 | 35.40 | 9.95M |
| Altria | MO | 27.56 | 27.64 | 27.22 | 27.32 | 9.41M |
| Procter & Gamble | PG | 64.33 | 65.32 | 64.28 | 64.75 | 9.1M |
| Chevron | CVX | 102.69 | 104.08 | 101.71 | 102.24 | 8.65M |
| Coca-Cola | KO | 66.99 | 67.82 | 66.87 | 67.03 | 7.69M |
| General Motors | GM | 23.52 | 23.55 | 22.96 | 23.09 | 7.6M |
| Walt Disney & Co. | DIS | 33.88 | 34.35 | 33.47 | 33.61 | 7.48M |
| Amazon | AMZN | 240.67 | 243.33 | 229.25 | 231.53 | 6.72M |
| International Business Machines | IBM | 179.68 | 179.81 | 177.01 | 177.39 | 6.71M |
| United Technologies | UTX | 73.50 | 74.78 | 72.50 | 73.26 | 6.43M |
| Gilead Sciences | GILD | 40.85 | 41.32 | 40.56 | 40.80 | 6.29M |
| Alphabet | GOOGL | 587.34 | 592.06 | 579.22 | 580.70 | 5.86M |
| Pepsico | PEP | 62.40 | 62.76 | 62.02 | 62.11 | 5.72M |
| McDonald's | MCD | 89.92 | 90.63 | 89.31 | 89.62 | 5.68M |
| Berkshire Hathaway | BRK.B | 74.76 | 75.75 | 73.88 | 74.11 | 5.62M |
| Visa | V | 94.21 | 94.48 | 89.88 | 90.08 | 5.42M |
| Boeing | BA | 62.61 | 64.27 | 62.53 | 63.11 | 4.85M |
| Amgen | AMGN | 57.40 | 58.00 | 57.14 | 57.32 | 4.47M |
| 3M | MMM | 78.26 | 78.86 | 77.27 | 77.70 | 3.86M |
| Union Pacific | UNP | 92.80 | 92.82 | 90.56 | 90.96 | 2.57M |
Exchange Rates of October 19th, 2011
| Currencies | Exchange Rates | ||
| US Dollar | Japanese Yen | 1 USD = 76.810 JPY | 1 JPY = 0.013 USD |
| US Dollar | Canadian Dollar | 1 USD = 1.019 CAD | 1 CAD = 0.981 USD |
| US Dollar | Swiss Franc | 1 USD = 0.902 CHF | 1 CHF = 1.108 USD |
| US Dollar | Chinese Yuan | 1 USD = 6.377 CNY | 1 CNY = 0.157 USD |
| Euro | Japanese Yen | 1 EUR = 105.720 JPY | 1 JPY = 0.009 EUR |
| Euro | Pound Sterling | 1 EUR = 0.872 GBP | 1 GBP = 1.146 EUR |
| Euro | Australian Dollar | 1 EUR = 1.345 AUD | 1 AUD = 0.744 EUR |
| Euro | Canadian Dollar | 1 EUR = 1.402 CAD | 1 CAD = 0.713 EUR |
| Euro | Swiss Franc | 1 EUR = 1.242 CHF | 1 CHF = 0.805 EUR |
| Euro | Chinese Yuan | 1 EUR = 8.778 CNY | 1 CNY = 0.114 EUR |
| Japanese Yen | Pound Sterling | 1 JPY = 0.825 GBP | 1 GBP = 1.212 JPY |
| Japanese Yen | Australian Dollar | 1 JPY = 1.272 AUD | 1 AUD = 0.786 JPY |
| Japanese Yen | Canadian Dollar | 1 JPY = 1.326 CAD | 1 CAD = 0.754 JPY |
| Japanese Yen | Swiss Franc | 1 JPY = 1.175 CHF | 1 CHF = 0.851 JPY |
| Pound Sterling | Australian Dollar | 1 GBP = 1.541 AUD | 1 AUD = 0.649 GBP |
| Pound Sterling | Canadian Dollar | 1 GBP = 1.607 CAD | 1 CAD = 0.622 GBP |
| Pound Sterling | Swiss Franc | 1 GBP = 1.423 CHF | 1 CHF = 0.703 GBP |
| Pound Sterling | Chinese Yuan | 1 GBP = 10.064 CNY | 1 CNY = 0.099 GBP |
| Australian Dollar | Canadian Dollar | 1 AUD = 1.043 CAD | 1 CAD = 0.959 AUD |
| Australian Dollar | Swiss Franc | 1 AUD = 0.923 CHF | 1 CHF = 1.083 AUD |
| Australian Dollar | Chinese Yuan | 1 AUD = 6.528 CNY | 1 CNY = 0.153 AUD |
| Canadian Dollar | Swiss Franc | 1 CAD = 0.885 CHF | 1 CHF = 1.130 CAD |
| Canadian Dollar | Chinese Yuan | 1 CAD = 6.259 CNY | 1 CNY = 0.160 CAD |
| Swiss Franc | Chinese Yuan | 1 CHF = 7.065 CNY | 1 CNY = 0.142 CHF |
See what else happened on October 19th, 2011