Good evening, This is Laura Speizman, Cyberspace Investment News with the June 12th report.
While the stock market ended in a mixed week, the Dow Jones Industrials left on a positive note for the year for the first time since January. The Dow Jones industrials gained 28 points to close at 8799 ending above the 2008 close of 8776. The Dow has risen now in 12 of the last 14 weeks rising 33% in that time. That being said, consumer confidence is still weak, the labor market is still in bad shape and the GDP is still trying to make gains.
Meanwhile, BlackRock’s acquisition of Barclay’s investment unit for $13.5 billion will create the world’s largest money manager. Equity offerings have continued to move forward. Steel Dynamics priced $705 million in equity offerings, CMS Energy priced $450 million in equity, Jones Lang LaSalle priced $227.5 million of equity and Brookdale Senior Living closed $164 million in equity offerings.
This has been the Friday report. Good night.
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