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billywows
Elite |
15-Nov-2006 07:25
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Wah leow, another record close for Dow last nite - up 0.7%. Nasdaq up 1% .... What a day for STI today! ----------------- Investors, meanwhile, welcomed a tame producer-price report although many are looking ahead to consumer-price data they hope will confirm the signs of an easing inflationary trend.
The Dow Jones Industrial Average rose 86 points to close at an all-time high of 12,218, beating a previous record of 12,196.32.
Wal-Mart Stores Inc. rallied 2.9% and Home Depot Inc. gained 4.3% after releasing their results.
Intel Corp. was another significant gainer on the blue-chip index, rising nearly 4.1%. Over the last three sessions, the chip maker has risen over 6%.
The Nasdaq Composite Index rose 24 points to 2,430, while the S&P 500 Index gained 3 points to 1,384, a new six-year high.
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cashiertan
Elite |
15-Nov-2006 06:03
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Dow's rally is w/o real support. new high closure is created thou... |
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billywows
Elite |
15-Nov-2006 00:51
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US market down. Dow down 36 points while Nasdaq down 5 points .... Let's see if it close flat tonite. -------------------- ------------------
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maxsyn
Veteran |
15-Nov-2006 00:24
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cashiertan
Elite |
14-Nov-2006 23:37
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now sure wake up sti tomolo with big dip |
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maxsyn
Veteran |
14-Nov-2006 22:35
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Nov. 14 (Bloomberg) -- Prices paid to U.S. producers fell 1.6 percent in October, matching the biggest monthly decline on record, as energy costs and motor vehicle prices dropped, suggesting inflation pressures are abating. The decrease followed a 1.3 percent drop in September, the first back-to-back decline since July 2004, according to a report today from the Labor Department in Washington. Excluding food and energy, the so-called core rate fell 0.9 percent last month, the biggest decline since 1993, after rising 0.6 percent. Energy costs fell 5 percent and prices of light trucks dropped a record 9.7 percent, providing cost relief for companies that may filter through to finished-goods prices. Slower-than-expected economic growth has prompted economists to lower their forecasts for U.S. inflation from three months ago, according to a Federal Reserve Bank of Philadelphia survey. ``A lot of the inflationary pressures in the pipeline are easing off fairly significantly coming into the fourth quarter,'' said Andrew Pyle, head of capital markets research at Scotia Capital Inc. in Toronto. ``It doesn't necessarily give the all- clear on inflation, but it does take the pressure off the Fed to tighten this year.'' A separate report today showed retail sales in the U.S. fell less than expected in October as increases in purchases of food and autos helped make up for a drop in gasoline-station receipts. Sales fell 0.2 percent after a revised 0.8 percent decline in September that was larger than originally reported, the Commerce Department said today in Washington. Purchases excluding gasoline rose 0.4 percent. |
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maxsyn
Veteran |
14-Nov-2006 22:20
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NEW YORK (MarketWatch) - Treasurys rallied on Tuesday following the release of data showing tamer-than-expected October producer prices a decline in retail sales, dampening the case for further interest-rate hikes |
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maxsyn
Veteran |
14-Nov-2006 21:45
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Prices paid to U.S. producers fell 1.6 percent in October, matching the biggest monthly decline on record, as energy costs and motor vehicle prices dropped, suggesting inflation pressures are abating.
The decrease followed a 1.3 percent drop in September, the first back-to-back decline since July 2004, according to a report today from the Labor Department in Washington. Excluding food and energy, the so-called core rate fell 0.9 percent last month, the biggest decline since 1993, after rising 0.6 percent. Energy costs fell 5 percent and prices of light trucks dropped a record 9.7 percent, providing cost relief for companies that may filter through to finished-goods prices. Slower-than-expected economic growth has prompted economists to lower their forecasts for U.S. inflation from three months ago, according to a Federal Reserve Bank of Philadelphia survey. |
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maxsyn
Veteran |
14-Nov-2006 21:09
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Nov. 14 (Bloomberg) -- U.S. stock-index futures advanced after Wal-Mart Stores Inc., the world's biggest retailer, reported profit that exceeded analysts' estimates. The gains came before a Labor Department report that economists expect to show prices paid to factories, farmers and other producers declined a second straight month for the first time since 2004. That may bolster optimism that inflation is under control. ``Producer prices are important,'' said Andreas Nigg, a fund manager at Vontobel Asset Management in Zurich, which oversees about $23 billion. The anticipated reading will prove the Federal Reserve was ``correct in going on hold, and that's good for stocks.'' Home Depot Inc., the largest home-improvement retailer, slipped after cutting its profit forecast. Standard & Poor's 500 Index futures expiring in December gained 0.40 to 1388.40 at 7:53 a.m. in New York. Dow Jones Industrial Average futures climbed 6 to 12,165. Nasdaq-100 Index futures were unchanged at 1773.50. |
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tanglinboy
Elite |
14-Nov-2006 09:10
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I hope the Dow wake up the STI today! Yesterday was very very boring.. |
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billywows
Elite |
14-Nov-2006 07:19
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A GREEN finish for US market last nite .... Its a data-full week! Up & down week. ------------------------ By Mark Cotton & Nick Godt, MarketWatch
A decline in the price of oil further boosted market sentiment.
The Dow Jones Industrial Average finished at 23 points at 12,131, with 21 of 30 components contributing to gains.
Intel Corp. was the biggest percentage gainer on the blue-chip index, gaining 2.3% after Citigroup upgraded the chip sector.
The Nasdaq Composite Index climbed 16 points to 2,406. It rose as high as 2,408.91, its best level in nearly 6 years. The S&P 500 Index gained 2 points to 1,380.
"The market is getting more comfortable with the Democratic win. They're looking forward to a strong Christmas and a good earnings season while oil continues to go down, which is a tax cut for consumers," Awad said.
He added that remarks from Dallas Fed President Richard Fisher that the U.S. economy is growing "forcefully" only serve to ratify investors' bullish sentiment.
Fisher told participants at a taxas lyceum public conference in San Antonio, Texas, that the U.S. is a country with "enormous economic production" that is "growing forcefully" at this time.
"It's a good cocktail for stocks but there is a lot of data coming this week. Whatever you get today is subject to a reality check almost every day this week," Awad said.
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billywows
Elite |
13-Nov-2006 23:18
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billywows
Elite |
13-Nov-2006 23:07
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US market up now ... Dow up 24 points and Nasdaq up 14 points. DOW NASDAQ |
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cashiertan
Elite |
13-Nov-2006 01:17
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RSI , W% & MFI divergence found in DOW 3/6/ytd/1yr chart. Highly bearish if Dow dun close abv its all time high this 2 weeks. IF correct, may wipe min 10% of gain since the rally in july in days! |
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Nostradamus
Supreme |
11-Nov-2006 18:44
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Residential housing construction fell at an annual rate of 17.4%, the biggest decline since 1991. |
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maxsyn
Veteran |
11-Nov-2006 16:21
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Housing data weak, heading south, may affect sentiment. Market takes a while to weight the economy data and Fed policies before deciding the long term direction. |
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billywows
Elite |
11-Nov-2006 07:03
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GREEN, with a stronger Nasdaq! November Rain .... Shiok! MARKET SNAPSHOT
The Dow Jones Industrial Average rose 5.13 points to close at 12,108.43. The benchmark index has been trading back and forth across the flat line for much of the session.
The Nasdaq Composite Index gained 13.71 points to finish at 2,389.72 while the S&P 500 Index rose 2.57 points to 1,380.90.
For the week the Dow rose 1%, the Nasdaq Composite gained 2.5% and the S&P 500 1.2%.
"The market is wrestling with the following positives and one negative," said Jim Awad, chairman of Awad Asset Management." The economy is continuing to grow at a respectable rate. Corporations are in great shape, delivering strong and better-than-expected profits, and you have consistent merger and acquisition news. Those are all the positives.
"The negative is that the market is trying to understand the implications of the Democratic win for legislation affecting the capital sector, therefore corporate profits and valuation. Given the big move you've had in the last several weeks, it is not unrealistic to expect a pause, some volatility and a little bit of softening as we work our way through the statements by the Democratic leaders," he said.
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cashiertan
Elite |
11-Nov-2006 01:14
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last day of the week. typical. |
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billywows
Elite |
11-Nov-2006 00:15
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US market mixed and playing see-saw tonite. Dow down 13 points while Nasdaq flat. Boring .... |
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billywows
Elite |
10-Nov-2006 19:29
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INDICATIONS
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