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Dow

Wah all the counter is red. even the China market. Even May correction also didnt have all red (China was the only green).

 

i believe dow to correct to 10700 to 10500 region for a double btm before it bounce back. However this is an estimate w/o significant world event to shake the TA.  

 

As expected Dow continue to correct....tmr sti will be under huge selling pressure!

 

Stocks slumped early Thursday, extending the recent retreat, amid record high oil prices and new concerns about corporate profits in the second quarter.

The Nasdaq composite (down 17.78 to 2,072.46, Charts) tumbled more than 1 percent. The Dow Jones Industrial average (down 29.47 to 10,983.71, Charts) and the broader Standard & Poor's 500 (down 4.89 to 1,253.71, Charts) index both saw smaller declines.

Stocks got pummeled Wednesday on a mix of tech-sector woes, geopolitical tension and concerns about earnings. Thursday morning brought no relief from these concerns.

 

Dow continue to correct...

 

Wah seh.... STI headed for trouble today...

NEW YORK (CNNMoney.com) -- Stocks slumped Wednesday, with tech-sector woes spreading to the broader market, amid concerns about corporate profit growth, geopolitical tensions and the mix of higher inflation and slower economic growth.

The Nasdaq composite (down 38.62 to 2,090.24, Charts) tumbled about 1.8 percent. The Dow Jones Industrial average (down 121.59 to 11,013.18, Charts) and the broader Standard & Poor's 500 (down 13.92 to 1,258.60, Charts) index both lost around 1 percent.

Bonds were little changed on the session, and the dollar surged after the trade deficit rose less than expected for May.




Oil, gas and gold prices rose.

"We're continuing to see weakness in the Nasdaq and semiconductors and that sucking sound is now taking hold of the broader market," said Steven Goldman, market strategist at Weeden & Co.

Thursday is not expected to bring much relief, with little economic news and few market-moving earnings reports on tap.

 

thanks billywows!

I was about to post something like that too. anyway, the Dow is really down on open.

 

NEW YORK (MarketWatch) - U.S. stock futures are pointing to a slightly lower open Wednesday on uncertainty over how the second-quarter earnings season will pan out, with Microsoft Corp in focus after the European Union fined it $357 million for flouting an antitrust ruling.

Dow futures were down 14 points at 11,195, Nasdaq 100 futures dipped 4.75 points to 1,540.25 while S&P 500 futures fell 1.60 points to 1,280.70.

"The market is in a kind of critical spot," said John Hughes, managing director at Epiphany Equity Research. "We're either going to rally from here or we're in jeopardy of breaking to new lows especially on the Nasdaq."

Hughes said earnings reports will be "key" to the course the market eventually takes. "We've had a couple of so-so reports from key companies and that's the concern right now."

On Tuesday, stocks ended higher as some investors said it was still too early to write off the second-quarter earnings season after a revenue miss from Dow component Alcoa Inc. and a profit warning from Lucent Technologies.

 

DOW up , a few more points for SGX with some help from China play to contiune today, Nikkei is down now 81pts while Shanghai is up.

 

Dow up 0.28% and Nasdaq up 0.56% last nite. Hope its good for SGX's trading today.

 

Dow still in correction phase!

 

NEW YORK (CNNMoney.com) -- Technology stocks fell Tuesday as investors reacted to a string of disappointing earnings announcements.

The Nasdaq composite (Charts) tumbled 0.6 percent after the market open. The Dow Jones Industrial average (Charts) and the broader Standard & Poor's 500 (Charts) index both posted slimmer losses.

Lucent Technologies (Charts) said Monday it expects third-quarter earnings to fall due mainly to slower sales of wireless network equipment in North America.

The warning came on the heels of another tech disappointment, as corporate data storage equipment maker EMC (Charts) reported results that missed its own targets.

Dow component Alcoa (Charts), which kicked off the unofficial start to the second-quarter earnings period late Monday, also disappointed investors with its results. The aluminum producer reported a higher profit but disappointing sales for the quarter.

 

Look likely to be listless again tonite

 

Slow moving in the US last night. Oil prices fell also.

 

 

Ooop !!! sorry it is Http://money.cnn.com link.Oil falls back from record

 

Oil falls back from record, link to cnn.money.com hopefully help to cusion it fall a little.

 

another crap week ahead...

 

NEW YORK (CNNMoney.com) -- Stocks tumbled Friday, with the Dow and Nasdaq closing down over 1 percent, after disappointing corporate news and the monthly jobs report pointed to slowing growth and rising inflationary pressure in the world's largest economy.




The Dow Jones (down 134.63 to 11,090.67, Charts) industrial average and the Nasdaq (down 25.03 to 2,130.06, Charts) composite skidded 1.2 percent.

The broader Standard & Poor's 500 (down 8.60 to 1,265.48, Charts) fell 0.7 percent.

Oil fell fell more than a dollar after setting another record high earlier in the session, Treasurys rallied and the dollar sank.

The Nasdaq was the week's big loser, dropping 1.9 percent. But the Dow also ended the week down 0.5 percent and the S&P finished 0.4 percent lower.

Next week kicks off second quarter earnings season, with reports due from Alcoa (Charts) on Monday and General Electric (Charts) and Pepsi (Charts) Thursday.

Analysts are expecting an overall strong quarter, with concern centered on third quarter guidance.

And while there are no major economic reports scheduled, investors will still keep an ear tuned for any clues on how the Federal Reserve will move on interest rates at its next meeting.

 

Ooop!!!, sorry to posted it in DOW forum, should be in good time for china stocks again forum.