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Dow
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iPunter
Supreme |
27-Dec-2006 00:19
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Dow +28pts | ||||||||
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iPunter
Supreme |
26-Dec-2006 22:54
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Dow +21pts | ||||||||
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iPunter
Supreme |
26-Dec-2006 22:51
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Today is the first day of trading after the Xmas holidays. Dow +10pts in early trading |
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iPunter
Supreme |
23-Dec-2006 01:14
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Dow is -70pts | ||||||||
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iPunter
Supreme |
22-Dec-2006 23:08
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Dow -64pts in early trading. | ||||||||
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Daemon
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22-Dec-2006 05:15
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Hi Billywows, just wondering where did u get all this information about when, with respect to our SG time, and what news will be announced? |
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billywows
Elite |
21-Dec-2006 23:28
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Looks like tonite's catalyst is Fed Jeffrey Lacker .. US market Flat & Mixed now. Dow down 3 points and Nasdaq up 1 point. Tomorrow, we'll have durable goods orders, personal income, consumer spending and consumer sentiment data. Super heavy-weight catalysts before Christmas hoildays. |
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billywows
Elite |
21-Dec-2006 23:08
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Data just out .....US market still greenish flat! A good excuse for a rate cut! ------------------ |
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billywows
Elite |
21-Dec-2006 22:59
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FLAT .... Dow up 10 points and Nasdaq up 1 point now .... Toothless data so far but investors seems to push US market up! Wait till Fed Lacker speaks at 1am .... Hope he's a true 'Santa' in disguise as he voted for a rate hike in the last FOMC. (*Sigh though) --------------- |
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tanglinboy
Elite |
21-Dec-2006 22:54
Yells: "hello!" |
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Now up 17 points! | ||||||||
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billywows
Elite |
21-Dec-2006 22:36
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US market opens FLATISH GREEN ...Dow up 3 points and Nasdaq up 2 points now. | ||||||||
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tanglinboy
Elite |
21-Dec-2006 22:17
Yells: "hello!" |
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Santa comes to marketReports have stocks poised to continue December strength; economic readings come in as expected, oil slips back.NEW YORK (CNNMoney.com) -- Stocks looked poised to get back on track Thursday after a pair of economic reports came in as expected, another sign of the strength seen in the markets most of this month. Stock futures, which predict the direction of stocks, were up in early trading. Stocks have been seeing the so-called end of the year Santa Claus rally with a number of record highs for the Dow Jones industrial average. But after trading in record high territory much of the day Wednesday, a late sell-off caused them to close slightly lower on the day.
The Commerce Department said its final reading on gross domestic product in the third quarter registered a 2 percent increase. Economists surveyed by Briefing.com forecast that broad measure of the nation's economic activity grew at an annual 2.2 percent percent, unchanged from its previous reading. The Labor Department said initial jobless claims rose to 315,000 last week, exactly as predicted. At 10 a.m. ET research firm The Conference Board will release its report on leading economic indicators, which economists are forecasting rose at 0.1 percent for November, down from a 0.2 percent rise in October. And the Philadelphia Federal Reserve will report on business conditions in its region in December at noon. In corporate news, Nike (Charts) said Wednesday that quarterly net profit rose nearly 8 percent, beating Wall Street estimates. But shares slipped 1.5 percent in after-hours trading after gaining 3.7 percent before the bell on hopes of an even stronger report. The creditors committee at Delta Air Lines gave management there a limited vote of confidence, saying it supported the airline's plan to emerge from bankruptcy as an independent carrier, although it added it would continue to consider potential alternatives. Rival US Airways Group (Charts) has made a hostile $8.4 billion bid for Delta. Juniper Networks (Charts), which makes routers used for Internet and private computer networks, said Wednesday it expects to take a$900 million charge for stock options granted mostly between 1999 and 2003. Its shares slipped only 0.7 percent in after-hours trading on the news. Jabil Circuit (Charts), an electronics contract manufacturer, said Wednesday its fiscal first-quarter revenue rose 34 percent to edge past forecasts. But its shares fell 3.6 percent in after-hours trading as it warned of lower than forecast revenue in the current period. As expected U.S. regulators have approved Invega, a longer-lasting version of Johnson & Johnson's (Charts) blockbuster schizophrenia drug, Risperdal. But some analysts said they were concened because the approval required a warning label about an increased risk of a potentially fatal heart side-effect. Still, shares of the Dow component edged 0.9 percent higher in after-hours trading on the news. Home goods retailer Bed Bath & Beyond (Charts) said Wednesday its quarterly profit rose 6 percent, but that was 2 cents a share short of forecasts. Its shares lost almost 3 percent in after-hours trading. Ohio-based regional bank Huntington Bancshares (Charts) announced after the bell that it had agreed to buy another Ohio-based regional bank, Sky Financial Group (Charts), for $3.6 billion in cash and stock, a premium of 24 percent over Sky's closing price. Sky shares rose 18.1 percent in after-hours trading. Oil prices fell in early trading as a lifting of fog in the Houston area eased shipping problems that had taken prices higher on Wednesday. U.S. crude fell 45 cents to $63.27 a barrel in electronic trading. Brent crude futures lost 43 cents to $62.80 in London. Treasury prices were slightly higher, taking the yield on the 10-year note to 4.58 percent from 4.59 percent late Wednesday. Bond prices and yields move in opposite directions. The dollar was little changed against the euro and lower against the yen. Stocks in Asia closed mostly lower, although Japan's Nikkei posted a gain. Stocks in Europe were mixed in early trading. 
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billywows
Elite |
21-Dec-2006 22:16
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A second opinion .... --------------- Bristol-Myers Squibb stock also could suffer a blow, after news it will pay $499 million to settle a Justice Department investigation of its pricing and sales practices. The drug maker also cut its 2006 earnings forecast.
Athletic shoes maker Nike Inc. and retailer Bed Bath & Beyond could be sent lower by earnings reports that disappointed investors.
The futures contract for the Dow Jones Industrial Average last was up 6 points at 12,550.
Futures contracts for the S&P 500 and the Nasdaq 100 were up 0.70 point at 1,436 and up 1 point at 1,798.8.
On Wednesday, U.S. stocks drifted lower in light pre-holiday trading. The Dow industrials shed 7 points, the Nasdaq Composite slipped 1.9 points and the S&P 500 eased 2 points.
On Thursday the market should continue to benefit from the traditional tendency of stocks to post gains ahead of the Christmas holiday.
In addition, sentiment should benefit from hopes that the vigorous mergers activity seen in 2006 should continue into 2007, according to Charles Campbell, senior sales trader at Miller Tabak.
"With only eleven days remaining in 2006, M&A continues to demonstrate vibrancy across sectors and across borders," Campbell said.
"Many of the dynamics that contributed to this impressive M&A environment in 2006 appear in place for the new year," he said. "Investors appear increasingly confident of this dynamic as well."
Stock futures weakened slightly after the Commerce Department reported that the economy grew at a 2% pace in the third-quarter, slightly below the 2.2% estimate the department provided a month ago.
Third-quarter growth marked the slowest pace since the fourth quarter of 2005.
Separately, the Labor Department said 315,000 workers filed for first-time jobless benefits in the week to Dec. 16, an increase of 9,000 from the prior week.
The Conference Board will release November leading economic indicators at 10 a.m. Eastern. MarketWatch expects the headline reading to drop to 0.1% from 0.2% in October, based on a poll of economists.
The Philadelphia Federal Reserve's latest monthly manufacturing survey is due at noon Eastern. The MarketWatch forecast is for a December reading of 5.3, which would represent an increase over 5.1 in November.
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billywows
Elite |
21-Dec-2006 22:08
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U.S. stock futures up, but off highs after GDP S&P 500 futures rose 0.70 of a point at 1,436.00 and Nasdaq 100 futures tacked on 3.75 points at 1,801.50. Dow industrial futures gained 7 points to 12,559.
On Wednesday, U.S. stocks started higher, with the Dow reaching another record high, but drifted lower into the close. The Dow industrials shed 7 points, the Nasdaq Composite slipped 1.9 points and the S&P 500 eased 2 points.
Gross domestic product growth for the third quarter was revised down to 2% from the 2.2% reported a month ago, the Commerce Department said, while economist surveyed by MarketWatch had been expecting GDP to remain unchanged, on average.
Meanwhile, disposable personal incomes were revised higher, and core consumer prices were unrevised.
Elsewhere, first-time claims for state unemployment benefits rose 9,000 in the last week to 315,000.
Also on the agenda will be weekly jobless claims and the December Philly Fed index, which is set for release is at 12:00 p.m. Eastern. Richmond Fed President Jeffrey Lacker, the only Federal Open Market Committee member who voted for a rate hike, is due to speak at 1 p.m.
The dollar was mixed after the data, rising fractionally on the euro but mostly unchanged vs. the yen. Crude-oil futures slipped 33 cents at $63.39 a barrel in electronic trading.
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iPunter
Supreme |
21-Dec-2006 10:37
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There can be a "whopper" tonight as the new moon takes full effect after establishing itself on 20 Dec. | ||||||||
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billywows
Elite |
21-Dec-2006 07:40
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Tonite's heavy-duty data to be released in US: 2130hrs: Jobless claims 2130hrs: Gross domestic product 2300hrs: Leading indicators 0100hrs: Philadelphia fed survey 0530hrs: Money supply (M2) |
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billywows
Elite |
21-Dec-2006 07:37
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MARKET SNAPSHOT
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iPunter
Supreme |
21-Dec-2006 07:19
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The Dow's down 7pts... Quite 'diappointing', one might say... coz a much bigger correction would have been prefered for the bull market to continue into 2007 with 'glowing health' and vibrant gait. Anyway, not to worry though... big corrections will definitely come later... just be mentally prepared when they come... Only don't be overly exuberant when the market soars higher into the topless sky, coz bull markets can 'take your pants away' too during corrections, you may not just lose your shirt... :) |
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iPunter
Supreme |
21-Dec-2006 02:01
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The Dow has performed excellently during the past week, decisively making a new 'head' in the line. This may encourage another 'head' in the year 2007 thus continuing the bull run... ie. hope there's no H&S, but only rising 'heads'. |
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iPunter
Supreme |
21-Dec-2006 00:03
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Dow is +21pts | ||||||||
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