Post Reply
61-80 of 2084
Dow closed positive 4 points! Shiok !!!!
the lesser dow falls 2day, the harder its fall at closing on saturday morning.......just a tot.
Cool ! Business as usual , DJIA drop about 0.16% at this point. Thanks USA folks for stabilising share prices..
Oh.... CRAP !!!Stocks set for selloff
Futures
lower as investors react to plunging Asia markets, mixed earnings news,
one day after the Dow soared to a new record high.
April 19 2007: 8:36 AM EDT
NEW
YORK (CNNMoney.com) -- Stock futures turned lower Thursday morning, one
day after the Dow Jones industrial average hit a fresh record high, as
a mixed bag of earnings reports rattled investors.
Stock
futures
were down in early trading, indicating a lower open for U.S. markets,
after the Dow hit an all-time high Wednesday on upbeat earnings from
JPMorgan (
Charts,
Fortune 500) and others and ahead of earnings from some other key bellwether companies.
Overseas, stocks in
Asia fell sharply after investors reacted to
China's GDP
report, which showed that the economy grew 11.1 percent from a year
earlier on strong investment and exports. The news fueled fears that
Beijing to might raise interest rates to cool the economy.
Major indexes in
Europe were also down in early trading. The
dollar was lower against the euro and the yen.
"We've
had a market that is trending higher and is in record territory," said
Art Hogan, chief market strategist at Jefferies & Co.
But
"as we look at today's market we've got some fear that perhaps if
China's economy slows, the global economy will slow as well," Hogan
said, which coupled with mixed news on the earnings front, is causing
futures to selloff.
Thursday morning, Dow component
Altria (
Charts,
Fortune 500) posted earnings and revenues below Wall Street estimates, while Dow component
Merck (
Charts,
Fortune 500) posted quarterly earnings that met Wall Street expectations.
Bank of America (
Charts,
Fortune 500) said first-quarter
profit rose, beating expectations, as did
Merrill Lynch (
Charts,
Fortune 500).
Insurer
UnitedHealth (
Charts,
Fortune 500) posted
earnings above expectations but forecast a key medical-cost barometer would come in worse than expected for the year.
No. 4 carrier
Continental Airlines Inc. (
Charts,
Fortune 500) also posted a better-than-expected first-quarter
profit. And
Southwest Airlines (
Charts,
Fortune 500) posted higher first-quarter
earnings.
After the close Wednesday,
eBay (
Charts,
Fortune 500) reported higher quarterly
earnings that topped forecasts and said that 2007 results would be at the top of analysts' forecasts.
In other corporate news,
Hewlett-Packard (
Charts,
Fortune 500) is
leading the worldwide personal-computer market ahead of
Dell Inc. (
Charts,
Fortune 500), according to reports by two separate technology research firms.
And
Microsoft (
Charts,
Fortune 500)
announced that it will offer an affordable software package to
developing nations that purchase and supply PCs directly to students.
The software maker also pledged to open 90 new "innovation centers,"
which offer classes and access to technology, around the world.
Thursday also brings the March index of leading economic indicators and the April Philadelphia Fed index.
Treasury prices
rose ahead of the day's economic news, taking the yield on the 10-year
note to 4.63 percent, down from 4.65 percent late Wednesday.
Oil prices edged lower in early trading Thursday. U.S. light crude was down 11 cents at $63.02 a barrel in electronic trading.
6:20am: Futures lower as investors react to plunging Asia markets, one day after the Dow soared to a fresh record high. (more)
|
|
In the past 2 days, the STI ignored the strong Dow showing...
Highly unusual in this strong bull market... something brewing?
So, the BULL in USA had recovered the lost ground of Feb 27's 3% lost.
This should mean well for Singapore as well as other countries.
Good Luck to all.
Dow ends at record high; techs lower as results disappoint
U.S. stocks finished mixed Wednesday, with the Dow Jones Industrial Average breaching record territory after upbeat earnings from JP Morgan Chase & Co. and Intel Corp., while weakness in the technology sector persisted after lower-than-expected earnings at Yahoo Inc. and a downgrade of IBM. The Dow Jones Industrial Average was up 30 points at 12,803 at the unofficial 4 p.m. close. The Dow broke through both its previous intraday record high and its closing record high, lifted by gains in only 11 of its 30 components.
forex trading machine
Guess that it would be another day of roller coaster...
Google Cash 3rd edition
Dow now down on open......
Dow set to open lower later...
Earnings onslaught takes toll on stocks
Futures lower as investors digest a mixed bag of earnings reports one day after Dow flirted with fresh record high.
April 18 2007: 7:36 AM EDT
NEW
YORK (CNNMoney.com) -- Stock futures turned lower Wednesday morning,
one day after the Dow Jones industrial average neared a fresh record
high, as a mixed bag of earnings reports unnerved investors.
Stock
futures
were down in early trading, indicating a lower open for U.S. markets,
after earnings reports from JP Morgan Chase, United Technologies and
Motorola were mixed, and ahead of earnings from some other key
bellwether companies.
Stocks surged earlier this week as investors eyed merger news and a
rash of earnings. Blue chips extended gains Tuesday while the
tech-driven Nasdaq struggled.
After the closing bell Tuesday,
Yahoo (
Charts) disappointed, reporting quarterly revenue and
earnings that were short of forecasts, sending shares 6 percent lower in extended-hours trading.
IBM (
Charts) reported higher quarterly
earnings that met estimates and higher sales that topped forecasts, but shares lost 1 percent in extended-hours trading.
Intel (
Charts) reported higher first-quarter
earnings that met estimates on lower revenue that missed forecasts. Shares were little changed in extended-hours trading.
Before the bell Wednesday, Dow component
JP Morgan Chase (
Charts) posted higher quarterly earnings that surpassed estimates.
Fellow Dow component
United Tech (
Charts) also reported higher quarterly earnings that beat estimates.
But cellphone maker
Motorola (
Charts) posted a quarterly loss and lower revenue.
Kraft Foods (
Charts) and
eBay (
Charts) report earnings later in the day.
In other corporate news, Internet phone service provider
Vonage Holdings Corp. (
Charts) said its legal woes could lead to
bankruptcy, according to a regulatory filing.
And a massive
system wide failure of
Research in Motion's (
Charts)
BlackBerry network has brought e-mail to a halt for users of the
handheld communication devices Wednesday morning, according to a report
from a New York TV news channel.
With little economic news on deck,
Treasury prices rose, taking the yield on the 10-year note to 4.68 percent from 4.69 late Tuesday.
Oil
prices fell in early trading Wednesday ahead of the EIA's weekly
inventory report. U.S. light crude fell 41 cents to $62.69 a barrel in
electronic trading. Stocks in
Asia ended mixed, while major indexes in
Europe fell in early trading. The
dollar was a little lower against the euro and the yen.
With this kind of action, the bullrun obviously is continuing after the recent big correction...
It has much steaming ahead to do yet...
I think Dow will break new high soon
Summary Report 17/4
http://moviesbank.blogspot.com/
| US Stocks at a Glance |
Stocks Open mixed after inflation data
Wall Street was little changed early Tuesday, after a rise in home construction and a mild reading on consumer inflation encouraged investors, but a falling dollar and industrial output limited buying.
Investors were also cautious about surging higher ahead of a new batch of first-quarter earnings data, and after a more than 100-point advance in the Dow Jones industrial average Monday.
The Federal Reserve reported Tuesday that industrial output dropped 0.2 percent in March as utility production dropped by 7 percent, offsetting a rise in factory production.
But investors were heartened by the Commerce Department's report that housing starts for March rose 0.8 percent, a feeble rise compared to February's 7.6 percent advance, but much better than the drop that investors had been bracing for. Building permits also rose. The stock market has experienced several tumultuous weeks this year due to worries about the financial troubles of the subprime lending sector spilling into the already sluggish housing market.
Giving investors some additional relief, the Labor Department reported that its core consumer price index rose 0.1 percent in March, less than expected and alleviating some anxiety about the Federal Reserve's need to raising interest rates to curb rising costs. The overall consumer price index, which takes into account energy and food costs, rose 0.6 percent in March -- its largest rise in 11 months, but in line with expectations.
Along with economic data, investors were watching for first-quarter results from various companies, notably technology heavyweights Intel Corp. and International Business Machines Corp.
In the first hour of trading, the Dow was up 13.16, or 0.10 percent, at 12,733.62. The blue chip index has risen 12 out of the last 13 sessions.
Broader stock indicators were mixed. The Standard & Poor's 500 index was up 1.26, or 0.09 percent, at 1,469.73, and the Nasdaq composite index was down 2.12, or 0.08 percent, at 2,516.21.
Bonds rose after the economic data was released, with the yield on the benchmark 10-year Treasury note falling to 4.69 percent from 4.74 percent. |
http://zunebank.blogspot.com/
US stocks advanced on Friday, boosted by stronger profit outlooks from drug maker Merck & Co and fast-food restaurant chain McDonald's.
The Dow Jones industrial average rose 59.17 points, or 0.47 per cent, to end at 12,612.13. The Standard & Poor's 500 Index gained 5.05 points, or 0.35 per cent, to 1,452.85. The Nasdaq Composite Index climbed 11.62 points, or 0.47 per cent, to close at 2,491.94.
let's see how this will affect our STI on Monday!!!
Was a bit skeptical initially..but now i myself believe the bulls are back in town and they are more ferocious than ever..:)
The major averages closed modestly higher Friday as some upbeat corporate news eventually helped investors look past mixed economic data.
With the Fed recently increasing its attention on raw material prices as the chief influence on inflation, the market's early focus was on the March PPI report. Core PPI in March checking in unchanged was initially comforting; but the soft number, coupled with rising food and energy costs, did not exactly signal that inflation is back under control.
Another report showing erosion in consumer sentiment and that one-year inflation expectations are at the highest level in eight months also sidelined the bulls in early action.
Be that as it may, investors gradually embraced leadership in two of the S&P 500's most heavily-weighted sectors -- Financials and Health Care. The latter got a huge boost from Merck (MRK 50.20 +3.84), which opened up 6% at a three-year high after upside Q1 and FY07 EPS guidance prompted an upgrade from Goldman Sachs. By far today's best performing Dow component (+8.3%), Merck accounted for more than half of the Dow's 59-point advance.
Financials garnered some early interest following reports that SLM Corp. (SLM 46.76 +6.01) could be taken private in a deal worth $30 bln, including debt. ABN AMRO (ABN 48.28 +2.49) confirming receipt of a joint letter from three potential acquirers late in the day gave the sector an added lift.
It wasn't until news out of Cisco Systems (CSCO 26.65 +0.68) late in the session, though, that helped the Nasdaq finally break out of its intraday funk. After trading down as much as 1.2% in early trading, Cisco spiked more than 3.0% after its Chief Development Officer said the company is at the "high end" of sales forecasts and is in the "early phases" of an upgrade cycle.
The news gave the market a late-day lift, especially among tech companies reeling from a handful of warnings that have placed the sector's growth prospects under scrutiny of late. Technology bounced 1.1% from its intraday lows. Nasdaq +11.62 at 2491.94... NYSE Adv/Dec 1940/1306... Nasdaq Adv/Dec 1902/1119.
140307
Indexes
|
| Name |
Last |
Change |
%Change |
| Dow |
12,612.13 |
+59.17 |
+0.47% |
| Nasdaq |
2,491.94 |
+11.62 |
+0.47% |
| S&P |
1,452.85 |
+5.05 |
+0.35% |
Stocks up little bit on open!
