Disney Raises Prices and Amazon Announces Deal with Viacom: Market Recap

Stocks fell today as economists predicted the Federal Reserve would end stimulus as soon as September. The fall broke a streak of 20 straight Tuesday gains for the Dow Jones Industrial Average.

Dow Jones Industrial Average Index Chart - Yahoo! Finance

Gold: -$12.80 to $1,398.90 per ounce Oil: +$0.41 to $93.86 per barrel U.S. 10-Year: +0.027 to 2.146%

Strengthening Retail Sales Unlikely to Last?: In the final week of May, retail sales estimates calculated by Redbook and the International Council of Shopping Centers, in conjunction with Goldman Sachs (NYSE:GS), spiked. So far this year, retail sales figures have showed a mixed picture of the health of the American consumer, whose spending accounts for approximately 70 percent of economic activity in the United States… (Read more.)

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Will Trade Help or Hurt the Second-Quarter Economy As Deficit Widens?: The U.S. Bureau of Economic Analysis reported on Tuesday that the trade deficit increased from $37.1 billion in March to $40.3 billion in April. The increase was $0.9 billion less than forecast by economists, and primarily reflects an increase in imports for non-petroleum products… (Read more.)

Is the Federal Reserve Hurting Small Business?: Given all the attention that the Federal Reserve has garnered for its monetary “stimulus” programs, it’s perplexing to many that the U.S. has been mired in a credit crunch. After all, conventional wisdom tells us that the Fed’s policies, which have lowered interest rates to almost zero, should have stimulated the creation of credit… (Read more.)

Here’s your cheat sheet to today’s top stock stories: 

Walt Disney Co. (NYSE:DIS) is apparently raising admission prices for its famous theme parks. According to Reuters, consistent with the company’s pattern of annual price increases at its U.S. resorts, Walt Disney has raised its single-day admission prices as much as 9.6 percent at its Florida and California theme parks… (Read more.)

Tesla (NASDAQ:TSLA) wants to hit a market capitalization of $43.2 billion by 2022. Reaching that stock market valuation and meeting ten additional operational milestones will deliver the company’s Chief Executive Officer Elon Musk another 5 percent of Tesla’s total shares, a stake estimated to be worth approximately $1.8 billion, in accordance with the founder’s long-term incentive plan… (Read more.)

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Bank of America (NYSE:BAC) and Wells Fargo (NYSE:WFC) are the latest to be critiqued and fined by The Financial Industry Regulatory Authority, Wall Street’s watchdog. It has mandated that both of the firms pay up after selling floating-rate bank loans funds to their customers… (Read more.)

Amazon.com Inc. (NASDAQ:AMZN) has announced a multi-year streaming deal with Viacom Inc. (NYSE:VIA), which will grant Amazon Prime members access to hundreds of TV shows through Prime Instant Video, including some “that customers won’t find on any other digital video subscription service,” the companies said in an announcement Tuesday… (Read more.)

What Does the S&P Mean for GM and AIG?: After being booted off the S&P 500 index and taking billions of dollars from the federal government, General Motors (NYSE:GM) and American International Group (NYSE:AIG) will rejoin their former posts on the index, providing a positive boost in shares to both companies… (Read more.)

NEW! Discover a new stock idea each week for less than the cost of 1 trade. CLICK HERE for your Weekly Stock Cheat Sheets NOW!

5 Reasons a College Savings Plan Equals Estate Planning: What would happen to your child or grandchild’s college savings if you passed away? The answer to that question depends on how the  College 529 Savings Plan you contribute to is planned. It is a very important investment you are making that affects your family’s future, so you should consider it part of planning your estate. Here are five reasons why a College 529 Savings Plan is just like estate planning… (Read more.)

Will Legalized Marijuana Ignite New Interest? Governor John Hickenlooper signed a set of bills into law last week that regulate the recreational use of marijuana in Colorado. The move comes after voters in the Centennial State passed Amendment 64 last November, making it the first state to end marijuana prohibition. Mary Jane is slowly losing her forbidden status, but will the laws attract more users? (Read more.)

Don’t Miss: Will Trade Help or Hurt the Second-Quarter Economy as Deficit Widens?

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