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The California Index is a price-weighted Index that is specifically designed to more accurately measure the performance of California’s economy than traditional economic indicators like the DOW Jones, NASDAQ Composite or S&P 500 have in the past. The businesses listed on the Index are not only the “cream of the crop” thanks to their certification by both the NYSE and NASDAQ, but just as importantly, are headquartered right here in California, which shows their dedication to their California home. Finally, the California Index is designed to provide consumers with business and political information that will help consumers find safe and secure investments that will not only benefit themselves and their families, but the State of California.

5/18/12 - Facebook History Doesn't Help Markets - TCI -$115.31, Dow -$73.11 & NASDAQ - $34.90 - TCI Off - -$551.77 This Week

 

The California Index (TCI) presents:
The Ross Report:
A daily analysis of the actions of California’s top 387 Business
5/18/12
By Michael Ross, JD ssorleahcim@comcast.net
 
Today’s TCI Fast Fact(s): Advance(s) & Decline(s)
TCI Performance Statistics
The California Index….. Now & Then
 
May 18, 2012
 
 
Today …
Index Close
10,331.83
One Year Ago …
Index Close*
8,478.65
 
May 2012
April 2012
March 2012
Feb. 2012
5 Winning day(s)
9  Losing day(s)
8 Winning day(s)
12 Losing day(s)
11 Winning days
11 Losing days
12 Winning days
9 Losing days
Index opened at $11,274.06
Index opened at $10,921.76
Index opened at $10,544.40
Index opened at $9892.50
The TCI Was Established 10/1/2007
Please Note:
*The TCI was last altered/expanded based on market actions on 1/3/12
 
 
January 2012 - 14 Winning days 6 Losing days - Index opened at $9,943.96
 
4th quarter - 2011
December 2011: 10 winning days, 11 losing days - Index opened at $10,034.04
November 2011: 8 winning days, 13 losing days – index opened at $10,152.57
October 2011: 13 winning days, 8 losing days, Index opened at $8987.61
 
The California Index – A Snapshot of The Last 8 Weeks
  • 5/18/12 -  The TCI closed the day at  $10,331.83 –  DOWN – $115.31 on the day 
  • 5/14/12  - 5/18/12  - The TCI opened the week at $10,883.60 and closed Friday  at $10,331.83 for a net LOSS of $551.77 since Friday 5/11/12 
  • 5/7/12 – 5/11/12 - The TCI opened the week at $10,944.69 and closed Friday at $10,883.60 for a net LOSS of $61.09 since Friday 5/4/12 
  • 4/30/12 –  5/4/12 - The TCI opened the week at $11,365.08 and closed Friday  at $10,944.69 for a net LOSS of $420.39  this week 
  • 4/23/12 – 4/27/12 - The TCI opened the week at 11,131.17 and closed Friday at $11,365.08 for a net GAIN of $233.91 this week 
  • 4/16/12 – 4/20/12 -  The TCI opened the week at $11,041.06 and closed Friday at $11,131.17 for a net GAIN of +$90.11 on the week 
  • 4/9/12 – 4/13/12 - The TCI opened the week at $11,300.47 and ended the week at $11041.06 for a net LOSS of $259.41 on the week 
  • 4/2/12 – 4/5/12 - The TCI opened the week at $11,369.06 and closed Thursday  at $11300.47 – DOWN -$68.59  this week 
  • 3/26/12 -  3/30/12 - The TCI opened the week at $11,309.66 and closed Friday at $11,369.06 for a net INECREASE $64.46 
  • 3/19/12 – 3/23/12 -  The TCI opened the week at $11,260.97   and closed the week at $11,309.66  for a net INCREASE of $48.69
 
PART 2:  MARKET NEWS – From Reuters.com : Messy Facebook debut marks weak day on Wall Street 
  • The Dow Jones industrial average .DJI dropped 73.11 points, or 0.59 percent, to 12,369.38. The Standard & Poor's 500 Index .SPX lost 9.64 points, or 0.74 percent, to 1,295.22. The Nasdaq Composite Index .IXIC fell 34.90 points, or 1.24 percent, to 2,778.79 
  • For the week, the Dow fell 3.5 percent, the S&P 500 declined 4.3 percent and the Nasdaq was down 5.3 percent 
  • Shares of companies in the online social media sphere declined. LinkedIn (LNKD.N) fell 5.7 percent to $99.02 
  • Zynga (ZNGA.O) plunged 13.4 percent to $7.16 after being halted twice during the session 
  • Biotechs stumbled, weighed down by an 10.9 percent drop in Sequenom Inc (SQNM.O) to $4.25 after the company said insurer Coventry Health Care Inc (CVH.N) terminated an agreement to provide coverage for a prenatal test for Down Syndrome 
  • Volume was strong with about 8.8 billion shares traded on the New York Stock Exchange, NYSE Amex and Nasdaq, above the daily average of 6.83 billion 
  • Declining stocks outnumbered advancing ones on the NYSE by 2,297 to 728, while on the Nasdaq, decliners beat advancers 1,791 to 699 
  • After delays in the scheduled start of Facebook trading raised anxiety levels among traders and onlookers outside Nasdaq's headquarters, the stock opened at $42.05, compared with an initial public offering price of $38 a share. It rose as high as $45 before pulling back 
  • Investors were left in the dark about whether their buy and sell orders on Facebook went through as the Nasdaq did not tell broker/dealers whether opening trades had been executed. Nasdaq did not disseminate execution data until 1:50 p.m. (1750 GMT).
 
Index Members Making Market News: News and actions of importance to TCI
CALIFORNIA INVESTMENT NEWS
Today’s Top Stories
 
 
 
 
 
Consumer News 
 
California, National & International News