Two years after the peak, the NASDAQ was roughly a quarter of its highs. “This time is different” was the refrain heard on the way up at the end of the last millennium. But, is this time really different? The top five companies in the index, weighing in at 22.67% combined, are Apple, Microsoft, Google, Amazon, and Cisco.
In a statement, Nasdaq OMX Group ( NDAQ ) said its Global Index Data Service experienced a “brief disruption of service” Tuesday afternoon and recovered at 12:37 p.m. ET. “The disruption was caused by a human error performing an operational function which resulted in the incorrect delivery of data to the index disruption system,” Nasdaq said. The exchange said the issue didn’t impact its index calculation system nor its equity exchange operations. Individual stocks that trade on Nasdaq such as Apple ( AAPL ) and Microsoft ( MSFT ) didnt appear to be affected by the outage. Still, a spokesman from the Securities and Exchange Commission said the agency is “monitoring developments as appropriate” and has been “in contact with market participants as is our standard practice.” Nasdaq sent an alert to traders at 12:09 p.m.
CTC, Rostelecom The Bloomberg Russia-US gauge slipped 0.4 percent to 104.16, paring its advance this month to 7.7 percent. CTC Media Inc. (CTCM) , the Nasdaq-listed Russian television company, rallied 2.6 percent to $12.86, the highest level since April 25. The stock has climbed 22 percent this month, making it the best performer on the Bloomberg-Russia gauge. VimpelCom is the second-biggest gainer on the index this month, followed by OAO Rostelecom (ROSYY) , which has increased 17 percent after two months of declines. Norilsk, the worlds biggest producer of nickel and palladium, said its board of directors recommended paying an interim dividend of 220.7 rubles per share for the period of January through September 2013.
Nasdaq rises on restart; S&P 500 near record
We are very happy to know that our stock will continue to trade on the NASDAQ exchange, Lime CEO John ORourke says in a statement. It has been a tough 18 months for our stockholders, our employees and our loyal customers. Regaining full compliance with NASDAQs requirements for continued listing is another important step in the return to normal operations for the company.” Lime’s operations have not been normal for a long time. The Huntersville-based company is in the midst of reorganizing, seeking to strengthen its executive and financial teams to head off future financial issues. Cost-cutting and divesting businesses have left the company at 160 employees, down from 274 last year.
CFFEX Chairman Zhang Shenfeng and NASDAQ OMX Vice Chairman Sandy Frucher signed the MOU. “In recent years, CFFEX has been exploring its global strategy, which includes learning from the experience of overseas markets, strengthening cooperation with them and exploring development opportunities,” said Zhang Shenfeng, Chairman, CFFEX. “CFFEX and NASDAQ OMX have previously cooperated, and this new MOU can be seen as an opportunity to explore other areas of cooperation for the mutual benefit of each exchange.” According to the MOU, CFFEX and NASDAQ OMX will carry out extensive cooperation regarding technology, consultation, information sharing, staff training and explore opportunities for cooperation to promote collaborative business projects. “We are excited to sign the MOU with CFFEX, hoping that this will strengthen the relationship between NASDAQ OMX and the China financial futures market to create more cooperation in the market,” said Sandy Frucher, Vice Chairman, NASDAQ OMX. “We will continue exploring more cooperative business opportunities between CFFEX and NASDAQ OMX for ongoing mutual benefits and common development.” About China Financial Futures Exchange: With the approval of the State Council and the authorization of China Securities Regulatory Commission (CSRC), China Financial Futures Exchange (CFFEX) was jointly founded by Shanghai Futures Exchange, Zhengzhou Commodity Exchange, Dalian Commodity Exchange, Shanghai Stock Exchange and Shenzhen Stock Exchange on September 8, 2006 in Shanghai. The establishment of CFFEX is of strategic significance to deepening reform of the financial market, perfecting the financial market system, and exercising the function of the financial market.
In its accompanying policy statement, however, the Fed is likely to keep its options open about any tapering of its purchases before the end of the year. The decision is expected after the meeting ends on Wednesday. Click to Play Google joins smartwatch race Google’s smartwatch is in late-stage development and the device, which will run on Android, will be integrated with Google Now, the companys digital assistant. The WSJ’s Yun-Hee Kim speaks with Eva Dou about what to expect from Google’s smartwatch. In September, market participants expected the policy makers to start scaling back the $85-billion-a-month asset-purchase program, but the central bank surprised by waiting for more evidence go!! of an economic recovery before pulling the tapering trigger. With [Chairman] Ben Bernanke now in the autumn of his tenure at the Fed and no press release scheduled for this meeting, the overwhelming consensus is that nothing will happen on the taper front.