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Composite Portfolio Midday Report

|Includes: ALSK, CEL, DHY, FL, Frontline Ltd. (FRO), KLAC, MO, MT, NAT, RAI

Dow Jones Industrial Average -0.24%
NASDAQ Composite -0.40%
S&P 500 -0.43%
Russell 2000 -0.48%
Widows and Orphans -0.12%
Pretty Girls and Railroads -0.12%
Climbers and Dogs -0.50%
Cumulative -0.24%
  • US bank stocks suffer in Cyprus sell-off
    Mar 18 2013 14:34 GMT
    Bank stocks took the biggest beating as investors pulled back from US equities, fearing a new round of financial volatility as a result of the eurozone crisis. JPMorgan Chase was the worst performer in the Dow Jones Industrial Average, down 1.3 per cent at $49.39 in early trading, followed by...
  • STMicro and Ericsson to end joint venture
    Mar 18 2013 14:00 GMT
    STMicroelectronics and Ericsson will close their lossmaking chip manufacturing joint venture at a cost of 1,600 jobs after failing to find a buyer for the Switzerland-based business. ST-Ericsson, which has not made an annual profit since the joint venture was created in 2008, has struggled in a fiercely competitive market...
  • Statoil in fresh Tanzania gas find
    Mar 18 2013 13:31 GMT
    Norway's Statoil said it had found more gas off the coast of Tanzania, boosting the reserves of a region that is set to emerge in the next decade as a significant exporter of liquefied natural gas to Asia's energy-hungry markets. It was one of two announcements on Monday that underscored...
  • CME launches swaps clearing in London
    Mar 18 2013 13:20 GMT
    Three-way competition in clearing interest rate derivatives has formally begun in Europe after CME Group began processing trades at its London clearing house on Monday. Aviva Global Investors became the first institutional investor to clear an interest rate swap, the largest assets of the derivatives market by notional value, via...
  • Eurozone banks hit by Cyprus levy
    Mar 18 2013 09:22 GMT
    Shares in eurozone banks took a pummelling and bond yields spiked on Monday morning as investors sold out of risk assets on concerns over the implications of a Cyprus bailout agreed by international lenders over the weekend. Rating agency Moody's warned that the deal - which has yet to be...


Portfolio Movers


Gainers Today's Market Change
Frontline Ltd
Nordic American Tanker Ltd
Cellcom Israel Ltd
Credit Suisse High Yield Bond
Alaska Communications Systems Group Inc
Losers Today's Market Change
ArcelorMittal SA
KLA-Tencor Corp
Reynolds American Inc
Foot Locker Inc
Altria Group Inc

Disclosure: I am long FRO, NAT, CEL, DHY, ALSK, MT, KLAC, RAI, FL, MO.