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billywows
Elite |
08-Sep-2006 07:33
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MARKET SNAPSHOT
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tanglinboy
Elite |
07-Sep-2006 22:12
Yells: "hello!" |
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Dow now down 50 points |
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Nostradamus
Supreme |
07-Sep-2006 21:57
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Stocks fell for a second straight session as concerns about inflation and an overall economic slowdown continued to weigh on investors.
Wall Street, already armed with recent economic data pointing to a housing slowdown, was forced to digest sour anecdotal evidence as well. Beazer Homes USA Inc., Hovnanian Enterprises Inc. and KB Home warned that the home-building sector is facing difficulties including cancellations and spikes in inventories. Lowered sales expectations from ATI Technologies and Palm are combining to give sellers more motivation to keep locking in recent gains. |
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billywows
Elite |
07-Sep-2006 21:50
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US markets down ... *SIGH! |
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billywows
Elite |
07-Sep-2006 20:45
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INDICATIONS
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billywows
Elite |
07-Sep-2006 20:36
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US futures pointed to a lower opening earlier ... but with this freshly-announced jobless data below, the mood will swing up today! Shiok??? -------------------------- |
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Nostradamus
Supreme |
07-Sep-2006 09:52
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Wall Street closed sharply lower Wednesday after a series of economic reports left investors questioning whether the Federal Reserve might resume its string of interest rate hikes when it meets later this month. A Labor Department report that wages rose at an annual rate of 4.9% in the second quarter, above the 4.2% the agency estimated, was an unpleasant surprise for a market that had reached three-month highs on hopes of stable rates. This leaves the yoy increase at 5% - the largest rise since 1990. For the first quarter, the department said labor costs jumped 9% - the largest quarterly rise in almost six years. The market also found little solace in a report from the Institute for Supply Management that showed the services sector grew at a faster pace in August than economists forecast (57.0 in August, consensus 55.0). An economy still showing this type of growth could make it easier for the Fed to justify a rate hike to fight inflation. The central bank left rates unchanged at its last meeting after a string of 17 straight increases; its next meeting is Sept. 20. Stocks drifted even lower Wednesday afternoon after release of the Fed's "beige book," which found that while economic growth continued in the fall, five of the Fed's 12 districts showed deceleration. The findings that the housing market slowed could also bolster the arguments of some that the economy at large could eventually suffer if consumer spending cools as a result. One of the market's greatest fears is that although the economy might continue to slow, the Fed will resume its course of rate hikes as it seeks above all to forestall inflation. Both pose a threat to corporate profits. |
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billywows
Elite |
06-Sep-2006 23:54
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billywows
Elite |
06-Sep-2006 21:54
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Below data in S'pore time .... US investors will look to these data results to sway the market. ------------------------ Economic data reporting later: 10pm - ISM services 2am - Fed beige book Economic data for tomorrow: 8.30pm - Jobless claims 10pm - Wholesale inventories 10.30pm - Energy Dept. oil stocks 4.30am - Money supply (M2) Economic data for Friday: 3am - Consumer credit |
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billywows
Elite |
06-Sep-2006 21:47
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Dow down 39 points while Nasdaq down 19 points now - due to higher labor cost data reported before market opened. |
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billywows
Elite |
06-Sep-2006 07:06
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MARKET SNAPSHOT
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billywows
Elite |
05-Sep-2006 23:37
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Think lower oil price will come into play later in the day to boost US markets.Dow being see-sawing up and down since opening, while Nasdaq flat. Today's volume is still low .... |
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billywows
Elite |
05-Sep-2006 21:36
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US markets opened flat .... waiting game now. |
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billywows
Elite |
05-Sep-2006 21:10
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INDICATIONS
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billywows
Elite |
05-Sep-2006 18:41
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US markets is reported to open lower tonite as investors playing a wait and see game after a 3 days break.
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billywows
Elite |
04-Sep-2006 23:13
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Dun worry lah, Tanglinboy .... ------------------ Coming Week: Back to Business By Gregg Greenberg TheStreet.com Staff Reporter 9/3/2006 9:50 AM EDT It's back to business in the holiday-shortened coming week as traders return to face a traditionally rocky month for stocks. 'The vacation season is over, and the A-teamers will be coming back,' says Larry Wachtel, senior market analyst at Wachovia. 'And they better have their game faces on because September is the market's toughest month according to the Stock Trader's Almanac.' In terms of trading patterns, Phil Roth, chief technical market analyst at Miller Tabak, says, 'September usually starts strong and ends weak, so the second half of the month is probably the more important test.' Roth's annual market model consistently has a low mapped in between September and mid-November, and he expects 2006 to follow that pattern. September may be scary, but then again, August typically is as well. But that did not stop the indices from having a surprising late-summer rally. For the month of August, the Dow rose 1.8%, the S&P 500 added 2.2% and the Nasdaq jumped 4.5%. Furthermore, some traders say the recent spate of benign economic data, as well as lower oil prices, are setting the table nicely for a fall rally. 'The faucet won't get turned on to full immediately, but the volume will gradually increase over the course of the next week,' says Larry Perruzi, equity trader at Boston Company Asset Management. 'And when it does, we could see stocks move higher because the news has generally been good.' |
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tanglinboy
Elite |
04-Sep-2006 22:04
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ok... ok.... I really cock up.... forgot its holiday over there. :) |
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shplayer
Elite |
04-Sep-2006 22:02
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tanglinboy, Calm down...this is Fri close...no trading in NYSE today... |
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tanglinboy
Elite |
04-Sep-2006 21:33
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Wah! Dow up 83 points on open! |
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billywows
Elite |
04-Sep-2006 18:44
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Report: Nasdaq mulls hostile bid for LSE
Nasdaq, which owns a 25% stake in the LSE earlier this year, has been told by LSE officials that the exchange wants to stay independent, and is therefore contemplating an unsolicited buyout, The Observer of London reported in its Sunday editions.
Nasdaq tried to acquire the entire LSE (UK:LSE: news, chart, profile) in March, submitting a bid of 950 pence a share, or $4.2 billion, but the LSE spurned that offer, saying it was too low. That came just a few months after the LSE turned down a 1.5 billion-pound ($2.86 billion) bid by Sydney-based Macquarie Bank.
Nasdaq subsequently bought the complete holdings of the LSE's largest shareholder, Threadneedle Investments, for 1,175 pence a share, or $781.7 million. It then purchased more shares until it controlled a quarter of the exchange.
LSE Chief Executive Clara Furse would be under tremendous pressure to accept a bid of about 13 pounds a share, the newspaper reported, because a majority of the exchange's stockholders are hedge funds that want to get a return on their investment by the end of 2006.
Further, Nasdaq's large stake in the LSE now makes it difficult to make any significant move that Nasdaq doesn't approve of, giving it an advantage if it does try a hostile takeover, The Observer said.
When it tried to acquire the LSE last March, Nasdaq said that "bringing together the two organizations would present listed companies, traders and investors with an equity marketplace, based on dynamic industry leadership, to serve their needs unmatched by any other marketplace in the world."
Nasdaq shares closed at $28.33 on Friday, down 18 cents.
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