Stock Market Update ~ 18-05-2011

US Stock Market
Dow Jones (-0.55%), S&P 500 (-0.04%) and NASDAQ (0.03%). HP shares tumble after lower 2011 outlook. Dell’s earnings jump as costs fall, services climb.

Malaysia Stock Market
FBM KLCI advanced 5 points to 1541.27. Asia and Europe stock markets recovered from previous dropped. TENAGA gains on expectations of tariff hike. IOICORP gains after 3Q net profit rises 19.6% to RM656.71m. April inflation surges 3.2% on-yr, up 0.2% on-month. Price of RON95 petrol will be reviewed in June.

FBM KLCI @ 18-05-2011