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m2d4pc 27-Feb-2007 23:23
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now drop 132.

billywows 27-Feb-2007 23:15
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Economic data to the rescue!!! US market recovering a bit now. Oil price drops to below USD 61.00 ....

Dow down 119 points and Nasdaq down 37 points now

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U.S. Jan. existing-home sales rise 3% to 6.46 million

By Rex Nutting

Last Update: 10:00 AM ET Feb 27, 2007

WASHINGTON (MarketWatch) - Sales of existing U.S. homes rose 3% to a seasonally adjusted annual rate of 6.46 million in January, the highest in seven months, the National Association of Realtors reported Tuesday. It was the largest percentage gain in two years.

Sales were down 4.3% year-on-year. Resales of single-family homes rose 3.5% to 5.69 million annualized, while condo resales fell 0.1% to 767,000 annualized. Inventories of unsold homes on the market rose 2.9% to 3.55 million, a 6.6-month supply. The median sales price fell 3.1% year-over-year to $210,600.

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Consumer confidence rises to 5 1/2 year high in Feb.

By Greg Robb

Last Update: 10:01 AM ET Feb 27, 2007

WASHINGTON (MarketWatch) -- U.S. consumer confidence defied expectations and strengthened again in February, the Conference Board said Tuesday. This is the highest level of confidence since before 9/11. The consumer confidence index rose to 112.5 in February from a revosed 110.2 in January. Economists didn't think the index could remain at such a high level and forecast it to slip to 107.0. The present situation index rose to 139.0 from 133.9, while the expectations index edged up to 94.8 from 94.4. Lynn Franco, director of the Conference Board's research Center said the improving job market was lifting consumers' spirits.

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billywows 27-Feb-2007 22:58
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To remember this nite for record purpose .... (HeHee!)

Dow down 126 points and Nasdaq down 41 points now!

billywows 27-Feb-2007 22:30
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'Live' chart of Dow & Nasdaq below. Refresh for update! Happy viewing ....... Won't be posting US market so you guys can see US market on charts.

DOW NASDAQ

billywows 27-Feb-2007 22:18
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Confirm BLOOD BATH in US market tonite!!!!

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MARKET SNAPSHOT

U.S. stocks to open sharply lower on China jitters

Shanghai slide spooks global markets; geopolitical tensions also fuel jitters

By Nick Godt, MarketWatch

Last Update: 9:14 AM ET Feb 27, 2007

NEW YORK (MarketWatch) -- U.S. stocks are poised for a sharply lower open on Tuesday, as a confluence of events -- a sell-off in China, global geopolitical tensions, jitters about subprime mortgages and concerns about growth -- put investors on edge, offsetting a big drop in crude oil prices.

"The market is going to open sharply lower in a spill-over from the Chinese decline and geopolitical concerns," said Peter Cardillo, chief market economist at Avalon Partners.

A steeper-than-expected drop in durable goods orders in January also fueled growth concerns. At 10 a.m., the market will get an update on the housing market, with the release of January existing home sales.

"The market is still at very high levels and we're also getting a long list of economic data. Investors are going to be playing quite close to the vest while bonds are going to be the big beneficiary today," said Cardillo.

Futures for the Dow Jones Industrial Average were down 107 points at 12,547, while those for the S&P 500 index fell 15 points to 1,437.

Nasdaq 100 futures fell 30 points to 1,807.

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billywows 27-Feb-2007 17:49
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US economic data to be out tonite:

2045hrs: Retail chain index
2130hrs: Durable goods orders
2300hrs: Consumer confidence
2300hrs: Existing home sales

billywows 27-Feb-2007 07:18
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MARKET SNAPSHOT

U.S. stocks drop as growth worries offset buyouts

Greenspan recession warning, oil above $61, offset biggest buyout to date

By Nick Godt, MarketWatch

Last Update: 4:31 PM ET Feb 26, 2007

NEW YORK (MarketWatch) -- U.S. stocks fell on Monday, as concerns about growth resurfaced with oil prices holding above $61 a barrel, dampening investor enthusiasm and offsetting the latest deal-making news, including the $45 billion takeover of TXU Corp., the largest private-equity deal to date.

"Crude oil getting back above $61 is a bit of a concern," said Owen Fitzpatrick, head of U.S. equity at Deutsche Bank. "Tech has been on the run and we're also seeing some profit-taking there, especially money flowing out of semiconductors."

The Dow Jones Industrial Average gave up early gains to close down 15 points at 12,632, with 17 of its 30 components finishing in negative territory.

The Dow rose to 12,662 in early action but quickly gave up its gains, weighed by the likes of Boeing Co., Hewlett-Packard and IBM.

The S&P 500 fell 1.8 points to 1,449, marking the first four-session losing streak for the broad market index since August of 2006. Participants who follow market technicals may see the move as indicative of a long-awaited pull-back, after the market's uninterrupted run since July of last year.

The Nasdaq Composite dropped 10 points to close at 2,504.

Overnight comments from former Federal Reserve Chairman Alan Greenspan, who warned of a possible recession in the U.S. before year end, as he cited "stabilizing" profit margins, also fueled concerns about growth.

"We got off to a stronger start than maybe was warranted," said Art Hogan, chief market strategist at Jefferies & Co. "We've got the biggest leveraged buy-out in history and signs of more to come, but how does that really affect the macro picture?"

"At the same time, we're getting an increase in the price of oil, the market's worried about inflation, subprime mortgages, housing and the economy slowing down."

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billywows 26-Feb-2007 23:42
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Oil heading up .... Good news for oil-related stocks like SPC!

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MARKET SNAPSHOT

U.S. stocks turn mixed as rising oil offsets buyouts

By Nick Godt, MarketWatch

Last Update: 10:36 AM ET Feb 26, 2007

NEW YORK (MarketWatch) -- U.S. stocks turned mixed on Monday, as crude oil prices rose closer to $62 a barrel, dampening investor enthusiasm and offsetting the latest deal-making news, including the $45 billion takeover of TXU Corp., the largest private-equity deal to date.

billywows 26-Feb-2007 23:33
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Mixed liao .... Dow up 2 points and Nasdaq down 8 points. No economic data out today.

lausk22 26-Feb-2007 23:03
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Several oil stocks listed on Dow and Nasdaq also up. If this trend continues then oil stocks listed in SGX may have a good run tomorrow.

lausk22 26-Feb-2007 23:00
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At the moment Dow and Nasdaq still up, despite higher oil prices.

If oil prices still continue to move upwards in tandem with the stock indices, then it will be really an interesting and exciting market place.

billywows 26-Feb-2007 22:44
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Dow up 23 points and Nasdaq up 4 points now ....

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U.S. stocks open higher as investors cheer big buyouts

By Nick Godt

Last Update: 9:38 AM ET Feb 26, 2007

NEW YORK (MarketWatch) -- U.S. stocks opened firmly higher on Monday, as investors cheered the latest batch of private-equity deals, including the $45 billion takeover of TXU Corp., the largest private-equity deal to date. TXU rose 12.6% in early action.

The Dow Jones Industrial Average was up 40 points at 12,686. The S&P 500 rose 5 points to 1,456, while the Nasdaq Composite gained 7.9 points to 2,523.

Among Dow components, Citi rose 0.5% after it appointed Gary Crittenden as its new chief financial officer. Crittenden left fellow Dow-component American Express, which fell 0.1%.

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billywows 26-Feb-2007 22:32
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US market opened liao! Dow up 45 points and Nasdaq up 10 points ..... Shiok!

elfinchilde 24-Feb-2007 18:22
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hm. need to be careful of oil price rising.

the rise of oil could precipitate the swift redrawal of foreign funds from asia and s'pore to invest back in that.

billywows 24-Feb-2007 17:42
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Loads of datas and events next week - the last week of February ....

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MARKET SNAPSHOT

Stocks seen under pressure as oil prices rise

Market to watch for signs of inflation uptick; Dell, Sirius results due

By Carla Mozee, MarketWatch

Last Update: 12:01 AM ET Feb 24, 2007

SAN FRANCISCO -- U.S. stocks are expected to fall next week as investors, spooked by higher oil prices and recent data hinting at higher inflation, wrestle with a barrage of economic reports -- including crucial housing figures -- that will probably provide insight into the near-term direction of the economy, strategists said.

Investors will also be keeping a wary eye on Federal Reserve Chairman Ben Bernanke when he speaks on U.S. fiscal policy and, in a separate speech, globalization and inflation. In addition, the markets will be hit with February car sales, which may offer further evidence of trouble in the beleaguered U.S. car industry, and a few high-profile corporate earnings reports.

"This could be a critical test week for the market," said Philip Dow, director of equity strategy at RBC Dain Rauscher. "We've had back-to-back down days...you've got key reports that could be viewed by some as conclusive [about economic conditions] in the short term. So, the market could be vulnerable."

Corporate earnings reports from American International Group and Dell Inc. will be among the last high-profile events of the quarterly earnings season.

General Motors has a regulatory deadline of Friday to report its fourth-quarter results. However, the automaker, which delayed the report as it conducts an accounting review, has said it may seek an extension until March 16.

Other companies putting out results include XM Satellite Radio and Sirius Satellite Radio, which agreed last week to merge.

The recent rise of crude oil prices -- which have now hit their highest levels of the year -- following a higher-than-expected uptick in consumer price inflation last week will put investors on edge as they await the core personal consumption expenditure price index, the Fed's favored gauge of inflation.

"That could be a number that takes the market down a percent if it's too hot," said Dow.

More generally, investors who have begun to expect the economy will come in for a soft landing marked by steady growth and contained inflation may react negatively if economic news casts doubt on that scenario.

"We're all focused on this Goldilocks scenario...anything that's outside of that or doesn't meet that expectation...will create a little bit of selling," said John Hughes, managing director of Epiphany Equity Research. "We would expect sideways to a slightly lower (direction) at this point."

Key to assessing the likelihood of the soft landing will be figures on sales of existing and new homes, due Tuesday and Wednesday. The numbers will provide insight on "how the individual consumer is holding up, and how are they approaching the (real estate) market," particularly in light of the recent flare-up in worries about the deterioration of the subprime loan market, said Joe Sunderman, director of research at Schaeffer Research.

Economists expect existing home sales to rise to 6.35 million from 6.22 million, while sales of new homes are expected to decline to 1.12 million from 1.2 million.

Other high-profile data include the Institute of Supply Management's report on manufacturing activity, scheduled for Wednesday. The index for February is expected to tick up to 50 from 49.3 in January. A reading above 50 signals expansion.

Durable goods orders for January will be delivered Tuesday, with economists expecting a decline of 5.7% compared with a rise of 2.9%.

Also to come Wednesday will be remarks on the subject of liquidity and financial markets by New York Federal Reserve President Timothy Geithner, a voting member of the central bank's rate-setting body.

Investors will get a look at the final reading on fourth-quarter gross domestic product from the Commerce Department on Wednesday. Economists surveyed by MarketWatch expect the annual growth rate to come in at 2.2%, easing back from the faster-than-expected surge of 3.5% reported in January.

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billywows 23-Feb-2007 07:40
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MARKET SNAPSHOT

U.S. stocks close mixed as Iran report sours mood

Upbeat news from Apple, chip sector lift tech sector

By Nick Godt, MarketWatch

Last Update: 4:39 PM ET Feb 22, 2007

NEW YORK (MarketWatch) -- U.S. stocks closed mixed on Thursday, with the broad market weighed down after the United Nations' nuclear watchdog said Iran had failed to meet a deadline to stop nuclear enrichment, but with tech shares making a late comeback on upbeat news for several stocks.

A mid-morning report from the International Atomic Energy Agency took the momentum out of the market that had stemmed from, among other things, news that Whole Foods Market Inc. agreed to buy smaller rival Wild Oats Markets.

According to Mike Malone, trading analyst at Cowen & Co., the release of the IAEA report might have served as a trigger for the market to consolidate recent gains.

"The news out of Iran shouldn't be much of a surprise to the market, but we were hitting technical resistance," he said.

The Dow Jones Industrial Average closed down 52 points at 12,686, with 22 of its 30 components in negative territory.

"It's a nondescript kind of market, right now," said Paul Nolte, director of investments at Hinsdale Investments. "The market looks heavy at this point, but investors continue to buy the dips, and the dips remain very shallow."

The S&P 500 fell 1.2 points to 1,456, while the Nasdaq Composite erased earlier losses to close up 6.5 points at 2,524.

Market sentiment also absorbed crude-oil futures approaching $61 a barrel, amid the tensions surrounding Iran and following weekly U.S. inventories data. Crude oil gained 88 cents to close at $60.95, after earlier trading as high as $61.25.

The market received an early lift from the tech sector and bulls chose that sector for a late afternoon comeback.

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billywows 22-Feb-2007 23:25
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Dow down 6 points and Nasdaq up 4 points now ...... US market just turned mixed.

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MARKET SNAPSHOT

U.S. stocks rise amid merger, tech news

Some good news for chips and a retail merger to give stocks an early push

By Nick Godt & Leslie Wines, MarketWatch

Last Update: 10:08 AM ET Feb 22, 2007

NEW YORK (MarketWatch) -- U.S. stocks rose early Thursday, as investors cast aside inflation worries and set their sights on a new tie-up of Whole Foods Market Inc and Wild Oats Market.

The technology sector was also giving a boost after Analog Devices Inc. gave an optimistic outlook and earned a Citigroup upgrade. In addition, Apple Inc. and Cisco Systems Inc. reached a settlement over the use of the iPhone trademark.

The Dow Jones Industrial Average gained 12 points to 12,750, with 20 of its 30 components in positive territory.

The S&P 500 rose 2.8 points to 1,460, while the Nasdaq Composite advanced 14 points to 2,752.

Technology shares took early leadership of the market.

"The technology sector is moving higher on some optimistic comments from Analog Devices that are causing gains for some other semi shares,' said Peter Bookvar, equity strategist at Miller Tabak.

Shares of Analog Devices rose 8.8%. The company had a 26% gain in quarterly profit and also noted a pickup in orders last month and an improvement in industry conditions.

Citigroup upgraded the stock to buy from hold, citing expectations for stronger revenue and growth.

Also, Apple Inc. rose 1.2% while Cisco gained 0.4% after the companies agreed to settle their dispute over the iPhone trademark, giving both the right to use the name on their respective products.

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NEW YORK (MarketWatch) -- U.S. stocks rose early Thursday, as investors cast aside inflation worries and set their sights on a new tie-up of Whole Foods Market Inc and Wild Oats Market.

The Dow Jones Industrial Average gained 12 points to 12,750, with 20 of its 30 components in positive territory.

The S&P 500 rose 2.8 points to 1,460, while the Nasdaq Composite advanced 14 points to 2,752.

Technology shares took early leadership of the market.

"The technology sector is moving higher on some optimistic comments from Analog Devices that are causing gains for some other semi shares,' said Peter Bookvar, equity strategist at Miller Tabak.

Shares of Analog Devices rose 8.8%. The company had a 26% gain in quarterly profit and also noted a pickup in orders last month and an improvement in industry conditions.

Citigroup upgraded the stock to buy from hold, citing expectations for stronger revenue and growth.

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billywows 22-Feb-2007 07:20
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US market closed MIXED last nite ... Oil at $60.

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MARKET SNAPSHOT

Stocks close mixed on inflation jitters

Hewlett-Packard checks Dow as earnings forecast disappoints

By Nick Godt, MarketWatch

Last Update: 4:31 PM ET Feb 21, 2007

NEW YORK (MarketWatch) -- U.S. stocks closed mixed on Wednesday, hit by a disappointing earnings outlook from Hewlett-Packard Co. and news that consumer prices rose more than expected in January, which fueled concern about inflation.

But minutes from the Federal Reserve's last meeting on interest rates, released in afternoon trade, showed that the Fed wasn't overly concerned about inflation at the end of January, and somewhat soothed the market's worries.

"The minutes had a bit of a calming effect on the market," said Jay Suskind, director of trading at Ryan, Beck & Co. "They show the Fed seems to be on the fence about both inflation and a slowing economy, just like the markets are."

The Dow Jones Industrial Average fell 48 points to close at 12,738, with 20 of its 30 components in negative territory. The Dow earlier fell to a low of 12,707.

The S&P 500 closed down 2 points at 1,457, while the tech-heavy Nasdaq Composite reversed early weakness to close up 5.3 points at 2,518.

In energy, crude-oil prices reversed early weakness as traders eyed developments in Iran and braced themselves for weekly data on supplies for some measure of how the chilly weather of the past week has impacted higher-than-normal inventories. U.S. crude for April delivery gained $1.22 to close at $60.07 a barrel.

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billywows 21-Feb-2007 23:22
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Dow down 52 points and Nasdaq down 3 points now ......

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MARKET SNAPSHOT

Stocks fall after hotter-than-forecast CPI

Hewlett-Packard weighs on Dow after earnings

By Nick Godt & Leslie Wines, MarketWatch

Last Update: 10:14 AM ET Feb 21, 2007

NEW YORK (MarketWatch) -- U.S. stocks were firmly lower on Wednesday, after higher-than-expected gains in consumer prices last month fueled concern that inflation pressures will prevent the Federal Reserve from cutting interest rates later this year.

"That did take the market by surprise," said Ken Tower, chief market strategist at CyberTrader.

Investors were heartened three weeks ago when the Fed left rates unchanged and said that inflation pressures would likely ebb, suggesting to the market that the door was open for rate cuts later this year.

The Dow Jones Industrial Average was down 59 points at 12,727, with 25 of its 30 components in negative territory.

And a key Dow component, Hewlett-Packard, weighed especially on the average, falling 3.4%. The company posted first-quarter earnings that topped analysts expectations.

The S&P 500 fell 4 points to 1,454, while the tech-heavy Nasdaq Composite dropped 6.5 points to 2,506.

Stock futures took a negative turn before the open after news that the consumer price index rose 0.2%, above forecasts for a 0.1% gain. Core CPI, which strips out food and energy prices, increased 0.3%; MarketWatch had expected a 0.2% gain.

"I think the CPI report is causing a bit of concern here," said Michael Metz, chief investment strategist at Oppenheimer & Co. "The report pushes further into the future any chance that the Fed is going to ease on rates. So my feeling is we'll get a little setback here. It's a good excuse to take profits."

At 2 p.m. (0300hrs S'pore), the market will also turn their attention to the minutes from the Fed's last meeting on interest rates. The notes will be studied carefully for clues about the central bankers' leanings on future rate decisions.

"The minutes will probably reassure investors that the Fed is less concerned about inflation than it was previously," said CyberTrader's Tower. "I think we could see a turnaround in the market then."

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"That did take the market by surprise," said Ken Tower, chief market strategist at CyberTrader.

The Dow Jones Industrial Average was down 59 points at 12,727, with 25 of its 30 components in negative territory.

And a key Dow component, Hewlett-Packard, weighed especially on the average, falling 3.4%. The company posted first-quarter earnings that topped analysts expectations.

The S&P 500 fell 4 points to 1,454, while the tech-heavy Nasdaq Composite dropped 6.5 points to 2,506.

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billywows 21-Feb-2007 23:09
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Dow down 62 points and Nasdaq down 6 points now ......
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ECONOMIC REPORT

Leading indicators rise 0.1% in January

U.S. economy is 'resilient," Conference Board says

By Rex Nutting, MarketWatch

Last Update: 10:01 AM ET Feb 21, 2007

WASHINGTON (MarketWatch) - A gauge of future economic activity points to continued modest growth in the U.S. economy.

The index of leading economic indicators rose 0.1% in January after rising 0.6% in December and falling 0.1% in November, the Conference Board reported Wednesday.

Economists expected the index to rise 0.3%, according to the median forecast of economists surveyed by MarketWatch.

"Despite the hike in energy prices and the slump in housing, the economy remains resilient--especially consumer demand," said Ken Goldstein, labor economist at the private research organization, in a press release. The latest data point to continued growth in the second quarter, "or even a little more growth."

"Slow to moderate economic growth is likely to continue in the near term," the organization said.

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WASHINGTON (MarketWatch) - A gauge of future economic activity points to continued modest growth in the U.S. economy.

The index of leading economic indicators rose 0.1% in January after rising 0.6% in December and falling 0.1% in November, the Conference Board reported Wednesday.

Economists expected the index to rise 0.3%, according to the median forecast of economists surveyed by MarketWatch.

"Slow to moderate economic growth is likely to continue in the near term," the organization said.

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