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US market opened GREEN .... Dow up 28points and Nasdaq up 7 points now.
Honestly, I expect the HUGE correction to come, but after CNY only.
Yesterday was overdone.
With this data positive data, let's see it could recover most of the ground
US market to recover tonite! Shiok!
2130hrs: Durable goods orders
2300hrs: New home sales
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MARKET SNAPSHOT
U.S. stocks to open higher; Microsoft to aid Dow
By Leslie Wines, MarketWatch
Last Update: 9:05 AM ET Jan 26, 2007
NEW YORK (MarketWatch) - U.S. stocks are set for a higher opening Friday, after new data depicted an improving manufacturing sector, with the Dow Jones Industrial Average likely to get some help from news of stronger-than expected sales growth from Microsoft Corp.
The futures contract for the Dow Jones industrials last was up 33 points at 12,574.
The futures contracts for the S&P 500 and the Nasdaq 100 last were 3 points higher at 1,432.30 and 3.8 points stronger at 1,795.
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Asia market down yesterday despite the gain in DOW in previous night.
Though this morning DOW down 120 pts, here may have just a small one , I think
tomolo bloodbath?
Dow down 22 points and Nasdaq down 6 points now ....
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MARKET SNAPSHOT
U.S. stocks drop on profit-taking, housing
Drop in existing home sales offset good news from eBay
By Nick Godt, MarketWatch
Last Update: 10:51 AM ET Jan 25, 2007
Dow down 28 points and Nasdaq down 8 points now ....
Confirm data not affect US market this month .... HeeHee! FOMC meeting coming next Wednesday.
US market still FLAT! Dow down 12 points and Nasdaq down 1 point now.
10:002006 8.4% decline in existing homes largest since 1982
10:00U.S. 2006 existing home sales fall 8.4% to 6.48 mln
10:00U.S. Dec. existing home median price unchanged at $222,000
10:00U.S. Dec. existing-home inventory down 7.9% to 3.51 mln
10:00U.S. Dec. existing home sales weaker than 6.24 mln expected
Dow down 8 points and Nasdaq up 3 points now. Let's see what's the action below a few mintues after 2300hrs:
DOW NASDAQ
From Marketwatch:
U.S. benchmarks make minor moves at the open. Investors await December existing-home sales.
US market opened Mixed. Dow down 6 points and Nasdaq up 2 points ....Hope existing home sales data will be a positive catalyst at 2300hrs!
Interesting nite for US market with economic data & heavy-weight earnings to be released!
2130hrs: Jobless claims
2300 hrs: Existing home sales
2300 hrs: Help wanted index
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MARKET SNAPSHOT
U.S. stocks set to trade mixed at opening
Good news from the technology sector to lend support once more
By Leslie Wines, MarketWatch
Last Update: 9:00 AM ET Jan 25, 2007
The futures contract for the Dow Jones Industrial Average last was down 6 points at 12,655.
Futures contracts for the S&P 500 and the Nasdaq 100 were down 1 point at 1,445.20 and up 3.2 points at 1,818.5 respectively.
On Wednesday stocks closed with broad gains, allowing the Dow Jones industrials to achieve a new record close and the S&P 500 to finish at its best level in more than 6 years. The major averages all benefited from positive developments from Yahoo Inc. and Sun Microsystems Inc..
The rally should spill over into Thursday's opening, as investors wait for more fourth-quarter earnings reports.
"When push comes to shove, January is always about earnings," said Marc Pado, chief U.S. market strategist at Cantor Fitzgerald. "So far it has been more good news than bad."
In premarket electronic trade, shares of eBay Inc. rose 12.2% to $33.67. The online auctioneer posted a stronger-than-forecast 29% rise in quarterly sales, alongside earnings that beat a prior internal forecast.
Nokia Inc. was almost 6% higher at $21.40 before the opening. The world's largest handset maker posted a better-than-forecast 19% profit rise on 13% revenue growth.
Qualcomm Inc. gained 1.7% to $39.26 in premarket activity. The company posted a 5% improvement in profit and reiterated its outlook for 2007. Its earnings beat expectations.
Shares of Ford Motor Co. were volatile, last trading up 6 cents at $8.26, after earlier falling 1.2% to $8.10.
The embattled auto maker said its loss widened to $5.8 billion, or $3.05 a share, from $74 million, of 4 cents a share, a year earlier. Excluding non-recurring item, the company would have lost $2.1 billion, or $1.10 a share, wider than the average analyst loss estimate compiled by Thomson First Call of $1.01 a share.
Bristol-Myers Squibb rose 1 cent to $27 in premarket trade. The pharmaceutical company posed a quarterly net loss, pressured by special costs. However, the company's earnings per share excluding special items exceeded analyst expectations.
AT&T rose 2.4% to $27.50 before the start of trade. The telecom posted a 17% rise in fourth-quarter earnings, bolstered by strength in its wireless business, amid a 23% increase in revenue.
Microsoft Corp. gained 11 cents to $31.20 in early trade. The company will release its earnings report after the close of trade.
The Labor Department said the number of initial jobless claims in the latest week rose by 36,000 to 325,000, suggesting some slack in the labor market as 2007 got underway. Economists were expecting 310,000 new claims.
Existing home sales for December are due at 10 a.m. The MarketWatch median forecast, based on a poll of economists, is for 6.24 million sales, which would be down from 6.28 million in November.
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Thks DOW! STI warrant will up another 10 cts.
Show time in SGX today .... Shiok!
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MARKET SNAPSHOT
U.S. stocks rise to record highs as TECHS RALLY
Yahoo, Sun Microsystems lead tech charge; AT&T lifts the Dow
By Nick Godt, MarketWatch
Last Update: 4:27 PM ET Jan 24, 2007
"A number of positive earnings are contributing to the feeling that this season is going to be positive for the tech sector," said Robert Pavlik, chief investment officer at Oaktree Asset Management. "That's encouraging people to put money to work."
The Dow Jones Industrial Average gained nearly 88 points, or 0.7%, to close at 12,621, a new record closing high, with 26 of its components rising. The blue-chip average also hit an all-time high of 12,619 just minutes before the close.
Shares of AT&T Inc. led the advance on the Dow, rising over 4% after the company's wireless unit Cingular reported better-than-expected earnings. McDonald's Corp. weighed the most, falling 1.5% after its posted in-line earnings.
The S&P 500 gained 12 points to 1,440, a more than six-year high for the broad index.
But most of the Wednesday action was seen in the tech-heavy Nasdaq Composite, which rallied nearly 35 points, or 1.4%, to 2,466.
The tech sector was boosted after Yahoo rolled out new search ad technology, dubbed Panama, and said it expects to improve revenue per page view over the course of the year.
The stock rallied over 7%, even after the Internet search group reported a 61% profit decline, and after Goldman Sachs downgraded the shares due to concerns over valuation.
Sun Microsystems shares climbed nearly 9% after Kohlberg Kravis Roberts said it will invest $700 million into the group, and after the company said it swung to a better-than-expected quarterly profit.
"Last week, we saw some big disappointments from the tech sector, which had had a substantial move since the beginning of the year," said Oaktree's Pavlik. "So there was some concern that the market had gotten ahead of itself.
"But now, the feeling is more positive about technology, which is one of a few sectors expected to return 20% earnings growth this year," he said.
Not all was rosy in tech on Wednesday, however, as Advanced Micro Devices shares slumped over 8% after the chipmaker said it swung to a loss in the fourth-quarter and provided a disappointing outlook.
In addition, software giant SAP AG dropped over 7% after providing a disappointing margin outlook.
Tech shares, which had led the market's advance since the start of the year, took a beating last week after disappointing earnings outlooks from tech leaders Apple Inc., Intel Corp. and IBM.
According to Peter Cardillo, chief market economist at Avalon Partners, the market also needed to consolidate its strong gains of the past six months and determine whether the outlook for earnings justify further gains in stock prices.
"The market needed to take a breather and assess earnings guidance and economic conditions," Cardillo said.
Worries about a slowdown of the U.S. economy have receded amid a raft of stronger than expected data in recent weeks. Markets will still pay attention to key reports on housing and orders for durable goods over the next two days.
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dow up 49.75, nasdaq up 28.73. sti gonna go up tomorrow.
ok *yawn* this is one tired elf. too tired even for colours. haha.
nites!
Wow ... Wow! Dow up 62 points and Nasdaq up 28 points now! Shiok time for STI ... :)
Dow up 43 points and Nasdaq up 26 points now.
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MARKET SNAPSHOT
U.S. stocks rise as techs rally
Yahoo, Sun Microsystems lead tech charge; AT&T lifts the Dow
By Nick Godt & Tomi Kilgore, MarketWatch
Last Update: 10:50 AM ET Jan 24, 2007
Dow up 35 points and Nasdaq up 21 points now. The latter is chionging to above 2.5k mark by this week?!
U.S. crude supply up 700,000 brls last week: Energy Dept.
Dow up 32 points and Nasdaq up 19 points now.