Stock Report: June 16 - 20
US stocks declined for the third consecutive week, with indicators reaching their lowest level since March
The US stock market declined amidst a 17-year low for housing starts, slowing industrial production and rising producer prices.
The Dow Jones Industrial average closed the week at 11,842.69 - its lowest level since March. The S&P 500 declined to 1,317.93 - also its lowest level since the end of March and the third straight week of decline. NASDAQ dropped to 2,406.09.
During the past week, EA extended its offer to acquire Take-Two yet again - this time to July 18. Take-Two, meanwhile, reached an agreement with the FTC narrowing the scope of inquiry of a recent subpoena related to the acquisition.
Infogrames reported yearly losses for the ninth year in a row, however it had managed to halve its losses from EUR 103.1 to EUR 51.1.
Selected stock movements in the past week (at time of writing):
|Activision||34.37 - 35.85||+4.31%|
|Konami||33.90 - 35.31||+4.16%|
|Nintendo||575 - 591||+2.78%|
|THQ||21.06 - 21.57||+2.42%|
|Take-Two||26.47 - 26.63||+0.60%|
|Infogrames||11.50 - 11.49||-0.09%|
|EA||46.99 - 46.94||-0.11%|
|Ubisoft||56.87 - 55.49||-2.43%|
|Microsoft||29.07 - 28.23||-2.89%|
|SCi||49.50 - 48.00||-3.03%|
|Namco Bandai||13.07 - 12.61||-3.52%|
|Sega||10.20 - 9.78||-4.12%|
|Sony||48.66 - 46.19||-5.08%|
|Midway||2.45 - 2.09||-14.69%|
Please note that stock prices on differing markets may be influenced by separate local events, and shouldn't necessarily be compared like for like. This list is not a ranking of total market valuation; selected stocks only. Prices given in local exchange currency, except Tokyo stocks, which are converted into USD.