Stocks Nearly Unchanged In Early Trading - U.S. Commentary []
Stocks are turning in lackluster performances in early trading on Monday, as worries within the credit markets offset any optimism concerning holiday retail sales.
Stocks Poised For Gains - U.S. Commentary []
Wall Street is headed for a higher opening on Tuesday, as investors gain hope from news that recently battered Citigroup (C) has received a significant capital infusion from a Middle Eastern government.
Stocks Turning In Lackluster Performances - U.S. Commentary []
Stocks are turning in a lackluster performance on Monday, as worries concerning the credit markets offset any optimism generated by a strong start to the holiday shopping season.
11/21/2007 6:37:14 AM US stocks were back on the defensive Wednesday morning in New York as traders braced for another batch of economic data one day after the Federal Reserve projected slower than expected growth next year. As of 6:30 am ET, stock futures were pointing to significant weakness at the opening bell. The S&P Futures were down 17 points, the Nasdaq Futures were down 20 points, and the Dow Futures were down 115 points. Oil prices continued their charge toward the psychologically important $100 a barrel mark overnight, touching above $99 in Asian dealing before easing back to $97.99. Traders await the 10:30 am ET release of the Department of Energy's weekly inventory report. Initial jobless claims will be released prior to the opening bell, with many investors expecting a modest increase. Later in the session, reports on leading indicators, and consumer sentiment will be released. On the earnings front, several notable companies are set to release their quarterly results including Mesa Air (MESA), and retailers such as Abercrombie & Fitch (ANF), Gap (GPS), and J. Crew (JCG). Markets in the US will be closed on Thursday for the Thanksgiving holiday. Asian stocks tumbled on Wednesday, with the Hang Seng of Hong Kong plunging 1,153.02 points and Tokyo's Nikkei dropping 373.86 points. In European intraday dealing, the FTSE of the UK was down 100 points, the CAC of France was down 102 points and the DAX of Germany was down 130 points.
Stocks Likely To Move Sharply Lower In Early Trading - U.S. Commentary []
Wednesday, November 28, 2007
Stocks Nearly Unchanged In Early Trading - U.S. Commentary []
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Any views/ forecasts/ suggestions, though proferred with the best of intentions, are based on our reading of the market at the time of writing. They are subject to change without notice.Though the information sources are believed to be reliable, the information is not guaranteed for accuracy. Those acting in the market on the basis of these are themselves responsibly for any profits or losses that might occur, without recourse to us. World financial markets, and especially the Foreign Exchange markets, are inherently risky and it is assumed that those who trade these markets are fully aware of the risk of real loss involved.
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