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DOW & STI
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Blastoff
Elite |
18-May-2010 07:03
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Stocks recover after euro reboundsNEW YORK (CNNMoney.com) -- U.S. stocks erased losses and finished higher Monday after the euro rebounded from a four-year low and gained ground against the dollar, despite lingering worries about Europe's financial crisis. The Dow Jones industrial average (INDU) erased its 184-point loss and added 6 points, or 0.1%. The S&P 500 (SPX) rose 1 point, or 0.1%, and the Nasdaq composite (COMP) gained 7 points, or 0.3%. Before posting gains, all three indexes were more than 1% lower but began to trim losses with an hour left in the session. Earlier on Monday, the euro sank below $1.23, as debt concerns weighed on investors. But the currency recovered its losses late in the afternoon. U.S. stocks tumbled Friday, as the Dow lost 1.5%, and S&P 500 and Nasdaq slipped about 2% on a weak euro. Investors remained concerned about soaring deficits throughout Europe despite the $1 trillion aid package for Greece and other debt-ridden nations that had triggered a rally in stocks early last week. Despite Friday's decline, the three major indexes ended higher for the week. "Investors are trying to figure out how appropriately a slowdown in the euro zone is priced in," said Art Hogan, chief market strategist at Jefferies & Co. Hogan expected stocks to move into positive territory as investors digest strong corporate earnings and a steady stream of economic data, which has been overshadowed by Europe's sovereign debt problems. But the afternoon turnaround was also spurred by bargain hunting, said Kenny Landgraf, founder of Kenjol Capital Management. "Stocks went down to the lows they saw last week, but didn't break break below those technical levels as money came back into the market," Landgraf said. But stocks will continue on their roller coaster through the summer as Europe manages its fiscal crisis said Clark Capital Management Group Chief Executive Harry Clark. He doesn't expects U.S. markets to begin trending upward until the fall. Economy: A report from the Federal Reserve Bank of New York showed that manufacturing growth slowed in the region in May. The Empire State Manufacturing Survey's index fell to 19.1 from 31.9 in April. Economists surveyed by Briefing.com expected the index to slip modestly to 30. The Treasury said China boosted its holdings of U.S. debt in March for the first time in six months, increasing them by 2% to $895.2 billion. With mounting concerns over European debt and a strengthening U.S. economy, overall foreign holdings of Treasury securities rose by 3.5% to $3.88 trillion. Companies: General Motors posted its first quarterly profit in nearly three years, earning $865 million on revenue of $31.5 billion. After emerging from bankruptcy last July, the company has trimmed costs and increased sales thanks to an improving economy and recall troubles at rival Toyota. Hope improvement retailer Lowe's (LOW, Fortune 500) posted a profit that rose 2.7% from a year earlier and topped expectations as demand for big-ticket items improved. But the company's forecast for the second quarter came in lower than expectations, and shares of the retailer finished 3% lower. World markets: European stocks finished mixed, with France's CAC 40 down 0.5%, Germany's DAX 0.2% higher and Britain's FTSE 100 lower less than 0.1%. Asian markets finished the session lower. The decline was led by China, where the Shanghai Composite sank 5.1%. Japan's Nikkei ended 2.2% lower and the Hang Seng in Hong Kong fell 2.1%. Dollar and commodities: : After holding firm against the euro most of the day, the dollar fell 0.3% late in the afternoon. But the greenback was 0.3% higher against the the British pound and rose 0.1% versus the Japanese yen. U.S. light crude oil for June delivery slid $1.53, or 2.1% to settle at $70.08 a barrel -- a five-month high. Gold prices continued to rise, gaining 70 cents, or 0.1%, to settle at $1,228.50 per ounce. Bonds: Treasury prices gave up gains Monday afternoon. The price of benchmark 10-year note edged lower, and its yield edged up to 3.49%. Bond prices and yields move in opposite directions. |
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178investors
Veteran |
14-May-2010 22:53
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looks like you waiting for the last burstout before the curtain falls not impossible if the bbs all pump at the same time while you take your chances b4 they dump the last hoorah btw, which 2nd, 3rd liners and pennies you refering to?
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Hulumas
Supreme |
14-May-2010 20:02
Yells: "INVEST but not TRADE please!" |
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Throughout this month, I start accumulating 2nd, 3rd liners & Penny stocks!
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178investors
Veteran |
14-May-2010 16:40
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the ah seng market in hk already enters bear territory... the lion market in sg now drawing a man with head n shoulder... with the elepant dow tagging not far behind the lion |
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dragonpnk
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14-May-2010 16:28
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U.S. Stock Futures down Data as of 4:11am ET Dow -42.00 / -0.39% S&P -4.90 / -0.42% Nasdaq -7.25 / -0.37% Likely to end the week in RED. |
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Blastoff
Elite |
14-May-2010 08:14
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Stocks finish lowerNEW YORK (CNNMoney.com) -- Stocks slumped Thursday, with the Dow losing 114 points, as investors stepped back after propelling markets 5% higher in just three days. The dollar strengthened versus the euro, dragging down dollar-traded oil, gold prices and stocks.  The Dow Jones industrial average (INDU) lost 114 points, or 1%. The S&P 500 index (SPX) lost 14 points, or 1.2% and the Nasdaq composite (COMP) lost 30 points, or 1.3%. Stocks rallied Monday and Wednesday as investors moved away from worries about Europe's debt crisis spreading and instead opted to scoop up issues hit in last week's massive sell off. Tuesday brought some selling, but it wasn't enough to take away from the week's gains. After such an advance, stocks were adrift through most of Thursday, before turning lower near the close. "The last few days we've seen a tug of war between the concerns investors have about the financial system and the lack of alternatives in terms of where they can put money," said Larry Glazer, managing director at Mayflower Advisors. He said that by default this struggle has brought some money into stocks, which at least offer better returns that low-yielding bonds. However, trading volume hasn't been as strong as it was during last week's shakeout, with investors still wary. Last week, the three indexes lost more than 5% in three trading sessions, including Thursday, when the "flash crash" sent the Dow down by as much as 1,000 points before it recovered. Fears about the European debt crisis spreading were tempered Monday after European leaders announced an almost $1 trillion bailout. But the concerns about Europe linger. Market breadth was negative. On the New York Stock Exchange, losers beat winners three to two on volume of 1.21 billion shares. On the Nasdaq, decliners topped advancers two to one on volume of 2.32 billion shares. Labor market: Approximately 444,000 Americans filed new claims for unemployment last week, according to the weekly jobless claims report from the Labor Department, the lowest number since late March. Claims stood at a revised 448,000 the previous week. Economists surveyed by Briefing.com expected claims to fall to 440,000. It was the fourth consecutive week of declining claims, but the improvement hasn't been sufficient to drive real job growth. Continuing claims, a measure of Americans who have been receiving benefits for a week or more, rose to 4,627,000 from 4,615,000 the previous week. Economists expected 4,570,000 on average. Banks: Reports Thursday said some of the financial industry's leading corporations are facing investigations at both the federal and state level, as inquiries into the events that contributed to the crisis accelerate. The Wall Street Journal cited a source that said the Securities and Exchange Commission has sent civil subpoenas to JPMorgan Chase (JPM, Fortune 500), Citigroup (C, Fortune 500), Deutsche Bank (DB) and UBS (UBS). New York Attorney General Andrew Cuomo's office confirmed reports that it is investigating whether many of the same firms provided misleading information to credit rating agencies. In addition to UBS and Deutsche Bank, Cuomo is looking at Goldman Sachs (GS, Fortune 500), Morgan Stanley (MS, Fortune 500), Credit Suisse (CS), Citigroup (C, Fortune 500), Credit Agricole and Merrill Lynch, which has since been bought by Bank of America (BAC, Fortune 500). Bank stocks as a whole were modestly lower, with the KBW Bank (BKX) index off 0.3%. Technology: Apple (AAPL, Fortune 500) and online auctioneer eBay (EBAY, Fortune 500) both gained after reportedly receiving upgrades from Morgan Stanley. But Cisco Systems (CSCO, Fortune 500) shares fell 4% even after the company reported higher sales and earnings that beat estimates during what its chief executive called the company's "best quarter" ever. World markets: Stocks around the globe were mostly higher. In Europe, Germany's DAX gained 1.1%, France's CAC 40 was barely changed and the London FTSE rose 0.9%. Asian markets rose, with Japan's Nikkei gaining 2.2% and Hong Kong's Hang Seng adding 1%. Dollar and commodities: The dollar gained 0.6% versus the euro and fell 0.6% against the yen. The euro remains at a 14-month low versus the dollar. U.S. light crude oil for June delivery fell $1.25 to settle at $74.40 a barrel on the New York Mercantile Exchange. COMEX gold for June delivery lost $13.90 to settle at $1,229.20 after settling at a record high of $1243.10 Wednesday. Bonds: Treasury prices rose, pushing the yield on the 10-year note down to 3.56% from 3.57% late Wednesday. Treasury prices and yields move in opposite directions. |
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Blastoff
Elite |
13-May-2010 19:11
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Shaky start seen for stocksNEW YORK (CNNMoney.com) -- U.S. stocks were set for a lower open Thursday as worries about a widening investigation into Wall Street banks offset solid earnings in the tech sector. At 6:30 a.m. ET, Dow Jones industrial average (INDU), S&P 500 (SPX) and Nasdaq (COMP) futures were all lower.
On Wednesday, stocks jumped as investors turned their attention away from the debt problems in Europe and focused on upbeat economic news and corporate earnings. Wall Street probe: Early Thursday, the Wall Street Journal said a preliminary criminal investigation into whether big banks misled investors about their participation in mortgage-bond deals is expanding. The newspaper, citing an anonymous person familiar with the matter, said the Securities and Exchange Commission has sent civil subpoenas to JPMorgan Chase (JPM, Fortune 500), Citigroup (C, Fortune 500), Deutsche Bank (DB) and UBS (UBS). Also in bank news, on Wednesday the Senate voted 90-9 to strip from the overall reform bill a provision reshaping the Fed as supervisor of only the nation's largest banks.
Network equipment maker Cisco Systems (CSCO, Fortune 500) reported sales jumped 27% in what its chief executive called the company's best quarter ever.
Also Wednesday, Disney (DIS, Fortune 500) reported profit and revenue that beat analysts' expectations. The company said net income for the three months ended April 3 rose to $953 million, or 48 cents per share, from $613 million, or 33 cents, a year earlier. World markets: Afternoon trading in Europe was mixed. Britain's FTSE 100 and Germany's DAX were slightly higher, while France's CAC 40 was flat. In Asia, Japan's Nikkei index closed 1.1% lower and the Hang Seng in Hong Kong ended down 1.7%. Dollar and commodities: The dollar was up 0.1% against the euro and 0.3% on the British pound. The greenback was down 0.2% versus the Japanese yen. U.S. light crude oil fell 68 cents to $74.97 a barrel. COMEX gold for June delivery fell $8.10 to $1,235 per ounce. Bonds: Treasury prices were mixed early Thursday. The benchmark 10-year yield was at 3.56%. Bond prices and yields move in opposite directions. |
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rickyw
Master |
13-May-2010 15:54
Yells: "keep happy..." |
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will STI close with green or red? HSI seems to be close with green...STI? |
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Hulumas
Supreme |
13-May-2010 11:17
Yells: "INVEST but not TRADE please!" |
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BUYING OPPORTUNITY THEN!
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des_khor
Supreme |
13-May-2010 11:03
Yells: "Tell me who is the God or MFT from this forum??" |
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What a shame STI... Everyone green green except you come period!! | ||||||
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pharoah88
Supreme |
13-May-2010 10:25
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Kissing credibility goodbye Daniel Gros
T
On Sunday, the European Central Bank (ECB) may have said goodbye to its credibility when it agreed to buy the government bonds of euro nations in trouble. With its move to prop up the failing bonds of governments in financial distress, the ECB has let itself be transformed into an agent of fiscal policy.
The intention to sterilise bond purchases means, in effect, that it taxes euro-area private borrowers to support governments in difficulty. In the long run, this is likely to undermine confidence in the ECB and the euro.
The ECB has now joined the list of major central banks that have lost their innocence during this financial crisis by moving closer to fiscal policy than seemed possible not long ago.
However, the descent of the ECB from the path of virtue has been the most dramatic.
The Maastricht Treaty, on which monetary union was based, states every country is responsible for its own finances and that the central bank is independent from governments. With its decision to buy failing sovereign debt, the ECB has undermined both principles.
To the extent that it does not sterilise the effects of its intervention, it monetises government debt. To the extent that it does sterilise the purchases, it acts as a fiscal agent, taxing other euro-area borrowers to support a government in fiscal distress. The claim that intervention serves the purpose of creating orderly market conditions seems unconvincing when governments or the ECB decide which market movements are justified and which aren’t.
The ECB may now have years of hard work to restore the credibility that it put on the line on Sunday. |
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Blastoff
Elite |
13-May-2010 07:13
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Stocks gain as European fears fadeNEW YORK (CNNMoney.com) -- Stocks rallied Wednesday, with the Dow logging triple-digit gains, as European debt noise faded and investors focused on an improving domestic economy and corporate earnings. The Dow Jones industrial average (INDU) gained 149 points, or 1.4%, ending for the first time above last Wednesday's close, before turmoil swept through the market, culminating in last Thursday's flash crash.  The S&P 500 index (SPX) added 16 points, or 1.4%, and the Nasdaq composite (COMP) rose 50 points, or 2.1%. Tech and industrial stocks led the advance. Shares of Intel (INTC, Fortune 500), IBM (IBM, Fortune 500) and Cisco Systems (CSCO, Fortune 500), which reported its best quarter even after the close, finished up more than 3%. Manufacturers Boeing (BA, Fortune 500), Caterpillar (CAT, Fortune 500) and Du Pont (DD, Fortune 500) gained more than than 2%. "At these early stages of an economic recovery, those sectors should be doing well on good days," said Paul Radeky, president of KDV Wealth Management. He added that investors are gaining confidence for riskier assets, such as stocks, because corporate earnings are coming in strong. Stocks finished lower Tuesday in a volatile session as investors digested a $1 trillion European aid package, but remained cautious amid ongoing fears that the Greek debt crisis could spread to other nations if they don't work to reduce deficits. "There seems to be less of a focus on the European debt problems in the marketplace, so we're seeing some buying" said Peter Cardillo, chief market economist at Avalon Partners. "The trade deficit report also came in better than we were expecting, so there's some build from that." Investors were also calmed by Spain's Prime Minister Jose Luis Rodiguez Zapatero's announcement that civil servant salaries will be cut by 5% beginning in June in an effort to reduce costs. The CBOE Volatility index, or the VIX (VIX), Wall Street's fear gauge, dipped 9%. Last week, the measure had shot up to 13-month highs as investors remained nervous about the sovereign debt crisis. But Cardillo cautioned that fiscal problems in Europe will continue to resurface as long as deficits remain high. He added that the market should begin to consolidate after the recent volatility and move into a tighter trading range, gearing up for a "solid bull run" in the second half of the year. Economy: The Commerce Department said the trade deficit increased 2.5% in March, widening to $40.4 billion from a downwardly revised $39.4 billion the previous month. That was lower than the $40.5 billion that analysts surveyed by Briefing.com expected. The Treasury reported the 19th consecutive monthly deficit, with a shortfall of $82.7 billion in its April budget. That's much larger than the $52 billion gap economists were expecting during month, and it also topped March's $65.4 billion deficit. Historically, the government's budget posts a surplus during the month thanks to the April 15 tax filing deadline. Companies: U.S. federal prosecutors are looking into whether Morgan Stanley (MS, Fortune 500) misled investors about complex mortgage derivatives it designed, according to the Wall Street Journal. The company, however, denies any knowledge of the investigation. Shares of the bank fell more than 2%. After the closing bell, Cisco Systems posted a fiscal third-quarter profit that surged 63% to $2.2 billion from a year earlier. Adjusted for one-time charges, the network equipment maker earned 42 cents per share, beating analyst estimates of 39 cents per share. Sales climbed 27% to $10.4 billion and also topped analysts' expectations. Shares of the company fell 1% in after-hours trading. Disney (DIS, Fortune 500) reported profit and revenue that beat analysts' expectations late Tuesday. Thanks to the success of "Alice in Wonderland," the media giant's profit surged 55% to $953 million, or 48 cents per share, and sales climbed 6% to $8.58 billion. Stock in Disney ended 1.8% lower. World markets: Stocks gained in Europe as the gross domestic product in the European Union rose 0.2% last quarter. Britain's FTSE 100 and France's CAC 40 finished up about 1%, and Germany's DAX rose more than 2.6%. In Asia, Japan's Nikkei index closed 0.2% lower and the Hang Seng in Hong Kong ended up 0.3%. Dollar and commodities: The dollar erased earlier losses and turned higher against the euro in the afternoon, rising 0.2%. The greenback also gained 0.9% against the British pound and was up 0.6% against the Japanese yen. Gold prices continued to soar, rising $23.20 an ounce, or 1.9%, to settle at a record $1,243.50. U.S. light crude oil slipped 72 cents, or 1%, to settle at $75.65 a barrel after a larger-than-expected build in crude supplies. Bonds: Treasury prices extended gains, with the benchmark 10-year yield up to 3.63%, after a $24 billion auction of 10-year notes. Bond prices and yields move in opposite directions. Market breadth was positive. On the New York Stock Exchange, winners topped losers six to one on volume of 1.3 billion shares. On the Nasdaq, advancers beat decliners five to one on volume of 2.3 billion shares. |
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dragonpnk
Member |
13-May-2010 05:58
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Brief report from the “Stock Market Today” on Wednesday, the market shares of technology and industry increased significantly. This is encouraged by the announcement of the savings plan from Spain. As quoted from the Reutres, Spain revealed plans on Wednesday to cut civil service pay and cut jobs public sector, only a few days after the finance ministers of the European Union agreed to fund $ 1 trillion bailout package to stem the debt crisis of Greece, cheered investors. |
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Hulumas
Supreme |
12-May-2010 22:34
Yells: "INVEST but not TRADE please!" |
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Amitabha........
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iPunter
Supreme |
12-May-2010 21:33
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The Dow has already cheonged at the opening...  |
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Blastoff
Elite |
12-May-2010 21:28
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Stocks set for higher openNEW YORK (CNNMoney.com) -- U.S. stocks were poised to open higher Wednesday as investors digested debt issues in Europe and hoped a $1 trillion bailout package would be enough to fix the zone's problems. Dow Jones industrial average (INDU), S&P 500 (SPX) and Nasdaq (COMP) futures were all higher.
Stocks ended mostly lower Tuesday after confidence in a nearly $1 trillion European rescue package began to fade as investors refocused on long-term problems in the zone. The session was a sharp contrast to Monday, when stocks posted their best day in nearly 14 months on the announcement of the aid package.
Companies: After trading ends Wednesday, network equipment maker Cisco Systems (CSCO, Fortune 500) is expected to report quarterly earnings of 38 cents per share, up 28% from a year earlier, when it earned 32 cents. After the closing bell Tuesday, Disney (DIS, Fortune 500) reported profit and revenue that beat analysts' expectations. The company said net income for the three months ended April 3 rose to $953 million, or 48 cents per share, from $613 million, or 33 cents, a year earlier. World markets: In afternoon trading in Europe, France's CAC 40, Britain's FTSE 100 and Germany's DAX were all higher. In Asia, Japan's Nikkei index closed 0.2% lower and the Hang Seng in Hong Kong ended up 0.3%. Dollar and commodities: The dollar was down 0.1% against the euro and up 0.3% versus the British pound. The greenback was up 0.4% against the Japanese yen. U.S. light crude oil fell 17 cents to $76.20 a barrel. COMEX gold for June delivery jumped $20 to record territory of $1,240.30 per ounce. Bonds: Treasury prices were slightly lower early Wednesday, pushing the benchmark 10-year yield up to 3.54%. Bond prices and yields move in opposite directions. |
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Blastoff
Elite |
12-May-2010 16:44
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DOW futures up! | ||||||
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dragonpnk
Member |
12-May-2010 16:34
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Last minutes cheong for all Asian market except for Nikkei225. Most intresting time of the day --> 4pm - 5pm. STI 2,872.71 +15.04 (+0.53) KLCI 1,341.18 +0.46 (+0.03) Hang Seng 20,212.49 +65.98 (+0.33) Nikkei 225 10,394.03 -17.07 (-0.16) ASX All Ords 4,599.73 +26.55 (+0.58) SSEC 2,655.71 +8.14 (+0.31) |
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dragonpnk
Member |
12-May-2010 14:18
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Pre-Market Trading: U.S. Stock Futures
Read on. |
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dragonpnk
Member |
12-May-2010 11:21
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Moving into the REDS again, STI 2,852.38 -5.29 (-0.19) KLCI 1,340.15 -0.57 (-0.04) Hang Seng 20,065.50 -81.01 (-0.40) Nikkei 225 10,464.80 +53.70 (+0.52) ASX All Ords 4,604.50 +31.32 (+0.68) SSEC 2,638.06 -9.52 (-0.36) |
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