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billywows
Elite |
26-Jan-2007 22:35
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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. |
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maxsyn
Veteran |
26-Jan-2007 22:31
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Yesterday was overdone. With this data positive data, let's see it could recover most of the ground |
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billywows
Elite |
26-Jan-2007 22:12
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US market to recover tonite! Shiok! 2130hrs: Durable goods orders 2300hrs: New home sales ------------------ 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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maxsyn
Veteran |
26-Jan-2007 07:08
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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 |
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cashiertan
Elite |
26-Jan-2007 02:13
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tomolo bloodbath? |
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billywows
Elite |
26-Jan-2007 00:08
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MARKET SNAPSHOT
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billywows
Elite |
25-Jan-2007 23:39
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Dow down 28 points and Nasdaq down 8 points now .... |
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billywows
Elite |
25-Jan-2007 23:15
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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. |
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billywows
Elite |
25-Jan-2007 23:03
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2006 8.4% decline in existing homes largest since 1982
U.S. 2006 existing home sales fall 8.4% to 6.48 mln
U.S. Dec. existing home median price unchanged at $222,000
U.S. Dec. existing-home inventory down 7.9% to 3.51 mln
U.S. Dec. existing home sales weaker than 6.24 mln expected
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billywows
Elite |
25-Jan-2007 22:59
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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 |
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billywows
Elite |
25-Jan-2007 22:41
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From Marketwatch: U.S. benchmarks make minor moves at the open. Investors await December existing-home sales. |
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billywows
Elite |
25-Jan-2007 22:34
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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! |
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billywows
Elite |
25-Jan-2007 22:18
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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 ------------------ MARKET SNAPSHOT Good news from the technology sector to lend support once more 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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maxsyn
Veteran |
25-Jan-2007 07:11
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Thks DOW! STI warrant will up another 10 cts. |
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billywows
Elite |
25-Jan-2007 06:14
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Show time in SGX today .... Shiok! --------------- "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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elfinchilde
Elite |
25-Jan-2007 00:48
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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! |
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billywows
Elite |
25-Jan-2007 00:09
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billywows
Elite |
24-Jan-2007 23:59
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MARKET SNAPSHOT
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billywows
Elite |
24-Jan-2007 23:52
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Dow up 35 points and Nasdaq up 21 points now. The latter is chionging to above 2.5k mark by this week?! |
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billywows
Elite |
24-Jan-2007 23:43
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U.S. crude supply up 700,000 brls last week: Energy Dept. Dow up 32 points and Nasdaq up 19 points now. |
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