"We have the conditions and capabilities, and will be sure to fulfill this year's economic and social development targets," said Wen.
September crude oil futures rose $1.27 to settle at $95.60 a barrel and December gold futures closed up $12.60 at $1,619.20 an ounce.
The benchmark 10-year Treasury was down 7/32, lifting the yield to 1.844%. The greenback was down 0.35%, according to the dollar index.
On the corporate front, Facebook (FB) shares surrendered 6.2% on more than double the average daily volume after the expiration of rules restricting early investors from reducing their stakes in the company. Coinstar (CSTR) shares were popped 7.6% after the New York Post reported that the parent of the beleaguered movie-rental-kiosks company Redbox has been exploring the idea of selling itself to an unidentified private-equity firm for months now. The New York Post also reported that private-equity firms KKR and Providence Equity Partners have approached Electronic Arts (EA) as the video-game maker explores the sale of the company in the face of growing competition from free online gaming sites. Shares rose 5.5%. Idenix Pharmaceuticals (IDIX) shares plummeted 29.7% after the company said that its clinical study of the potential hepatitis C virus treatment IDX184 has once again been partly halted by the U.S. Food and Drug Administration, citing the potential for heart-linked side effects. Sears Holdings (SHLD) reported that its loss narrowed in the second quarter thanks to cost cuts and leaner inventory levels. Shares gained 6.5%. NetApp (NTAP), the storage and data management technology company, beat Wall Street's expectations for its fiscal first quarter and gave a solid outlook. Shares closed up 3.8%.|
2012 Stock Predictions and Outlook |
| Your one-stop shop for 2012 stock recommendations and market predictions. |
>To contact the writer of this article, click here: Andrea Tse.
Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
