Markets in the United States recovered somewhat during the July 5-9 trading period amidst positive news about global economic growth this year and next.
The International Monetary Fund is now forecasting 4.5% growth in 2010 and 4.25% in 2011 but noted that there is also a rising risk environment with sovereign debt issues, which has the potential to change everything. Investors are also anxiously awaiting second quarter earnings reports, which will be released shortly.
The Dow Jones industrial average increased 4.8%, or 465.8 points, to 10,198.03 points while the S&P 500 rose 4.2% to 1,070.50 points and the Nasdaq gained 3.1% to close at 2,176.29 points.
The potential for economic growth was good for the big base metals miners, who dominated as leaders for value change over the period
Freeport-McMoRan Copper & Gold was one of the top gainers by value over the period, rising US$7.59 to US$93 apiece. It also saw 51.4 million shares changing hands.
Aluminum maker Alcoa was the volume leader with a volume of 92.7 million shares with the stock up about 9% to US$10.94 apiece.
BHP Billiton Plc shares climbed US$5.13 to US$67.84 apiece while BHP Billiton Ltd. shares rose US$4.23 to US$56.38. On July 12, BHP announced that its Olympic Dam copper-uranium project in South Australia is on track for a final decision for expansion by 2011 after the Australian Financial Review reported that the project may be delayed. BHP wants to more than triple annual copper production capacity to 73,000 tonnes and more than quadruple uranium production capacity to 19,000 tonnes over 11 years at Olympic Dam.
Agrium, Potash Corp. of Saskatchewan and Mosaic also saw their shares make significant upward gains with Agrium up nearly 18%, or US$8.86, to US$58.17, Potash Corp. up US$7.59 to US$93 apiece and Mosaic rising almost 17%, or US$6.7, to US$46.13 per share. Mosaic completed a US$485-million deal with Vale for a joint venture on a phosphate rock mine in the Bayovar region of Peru.
U.S. most active issues | |||||
VOLUME | WEEK | ||||
(000s) | HIGH | LOW | CLOSE | CHANGE | |
Alcoa* AA | 92684 | 10.97 | 10.10 | 10.94 | + 0.94 |
Freeport McMo* FCX | 51426 | 66.14 | 58.38 | 65.98 | + 7.44 |
Barrick Gold* ABX | 41427 | 44.29 | 42.01 | 43.57 | + 0.33 |
Newmont Mng* NEM | 34273 | 63.38 | 57.89 | 61.93 | + 3.17 |
Cliffs Nat Rs* CLF | 33127 | 51.30 | 44.20 | 51.07 | + 4.18 |
Silverado* SLGLF | 29621 | 0.00 | 1.0E8 | 0.00 | 0.00 |
Potash C Sask* POT | 27149 | 93.44 | 83.94 | 93.00 | + 7.59 |
Vale* VALE | 27047 | 26.42 | 24.30 | 26.31 | + 1.52 |
Teck B* TCK | 25457 | 34.62 | 29.57 | 34.36 | + 4.81 |
Mosaic* MOS | 24644 | 46.49 | 38.79 | 46.13 | + 6.70 |
U.S. greatest percentage change | ||||||
VOLUME | WEEK | |||||
(000s) | HIGH | LOW | CLOSE | CHANGE | ||
Crosshair E&M* | CXZ | 132 | 0.14 | 0.10 | 0.14 | + 40.0 |
Tara Gold* | TRGD | 568 | 0.52 | 0.34 | 0.49 | + 36.1 |
Linux Gold* | LNXGF | 63 | 0.04 | 0.03 | 0.04 | + 33.3 |
Habanero Res* | HBNRF | 51 | 0.09 | 0.08 | 0.09 | + 28.5 |
Caledonia Mng* | CALVF | 320 | 0.07 | 0.05 | 0.06 | + 20.0 |
Agrium* | AGU | 2446 | 58.46 | 49.11 | 58.17 | + 17.9 |
Intl Coal Gp* | ICO | 8208 | 4.46 | 3.79 | 4.40 | + 17.3 |
SinoCoking Cl* | SCOK | 252 | 14.89 | 12.00 | 14.08 | + 17.3 |
Mosaic* | MOS | 24644 | 46.49 | 38.79 | 46.13 | + 16.9 |
Teck B* | TCK | 25457 | 34.62 | 29.57 | 34.36 | + 16.2 |
Tornado Gold* | TOGI | 233 | 0.02 | 0.01 | 0.02 | -50.0 |
Elray Res* | ELRA | 76 | 0.06 | 0.04 | 0.04 | -33.3 |
Cream Mnrls* | CRMXF | 27 | 0.07 | 0.07 | 0.07 | -22.2 |
Kimber Res* | KBX | 795 | 0.78 | 0.60 | 0.64 | -15.7 |
New Gold* | NGD | 18941 | 6.11 | 4.85 | 5.21 | -14.0 |
Patriot Gold* | PGOL | 11 | 0.25 | 0.19 | 0.19 | -13.6 |
Starfield Res* | SRFDF | 1066 | 0.08 | 0.06 | 0.07 | -12.5 |
Argentex Mng* | AGXM | 254 | 0.61 | 0.53 | 0.54 | -11.4 |
US Antimony* | UAMY | 11 | 0.40 | 0.39 | 0.40 | -11.1 |
Lake Vict Mng* | LVCA | 177 | 0.32 | 0.21 | 0.25 | -10.7 |
U.S. greatest value change | ||||
WEEK | ||||
VOLUME | CLOSE | CHANGE | ||
Agrium* | AGU | 2445600 | 58.17 | + 8.86 |
Potash C Sask* | POT | 27149160 | 93.00 | + 7.59 |
Freeport McMo* | FCX | 51425980 | 65.98 | + 7.44 |
Mosaic* | MOS | 24644289 | 46.13 | + 6.70 |
BHP Billi-BHP* | BHP | 14353052 | 67.84 | + 5.13 |
Teck B* | TCK | 25457044 | 34.36 | + 4.81 |
Alpha Nat Res* | ANR | 13448350 | 37.75 | + 4.49 |
Peabody Enrgy* | BTU | 19764534 | 43.29 | + 4.30 |
BHP Billi-BBL* | BBL | 7354068 | 56.38 | + 4.23 |
Cliffs Nat Rs* | CLF | 33127366 | 51.07 | + 4.18 |
New Gold* | NGD | 18940903 | 5.21 | -0.85 |
Silver Std Re* | SSRI | 2039055 | 16.78 | -0.17 |
Kinross Gold* | KGC | 21932033 | 16.16 | -0.14 |
Tanz Roy Exp* | TRE | 769238 | 4.87 | -0.13 |
Augusta Res* | AZC | 118200 | 1.36 | -0.13 |
Kimber Res* | KBX | 795031 | 0.64 | -0.12 |
Solitario Res* | XPL | 26367 | 2.02 | -0.10 |
Goldspring* | GSPG | 20115 | 1.25 | -0.10 |
Constittn Mng* | CMIN | 1500994 | 0.68 | -0.07 |
Argentex Mng* | AGXM | 254273 | 0.54 | -0.07 |
Be the first to comment on "U.S. MARKETS -July 5-9"