Friday, June 08, 2007
Markets Friday, 06/8/2007
| Dow : 13424.39 up 157.66
| S & P : 1507.67 up 16.95
| NASDAQ: 2573.54 up 32.16
| Bond (10Y): 5.10%, 95.28
MARKETS:
Stocks finish week on a high note
Major gauges rebound, with the Dow finishing over 150 points higher
after three-day selloff.
Thursday, June 07, 2007
U.S. stocks fall sharply on concerns about rates, oil
DJIA
13,266
-198.94
S&P
1,490
-26.66
NASDAQ
2,541
-45.80
10Yr
5.10%
+0.129
U.S. stocks fall sharply on concerns about rates, oil
NEW YORK
U.S. stocks fell sharply on Thursday, sending the Dow Jones Industrial
Average down by nearly 200 points, as the yield of a key benchmark bond
surged above 5%, further challenging the attractiveness of stocks.
John Dvorak's Second Opinion: Time to short Apple?
BERKELEY, Calif.
If you follow the rules and sell on good news and buy on the bad, now
would be time to short Apple Inc. There is no company out there with
this much good news.
Benchmark Treasury yield seen running higher
NEW YORK
The forces behind Thursday's global bonds rout are likely to drive
Treasury prices still lower and yields higher, with some analysts
expecting the 10-year benchmark yield to overtake the 5.25% level of the
feds fund rate soon.
30-year mortgage rate jumps to 6.53% this week from 6.42% a week ago, Freddie Mac says.
30-year mortgage rate jumps to 6.53% this week from 6.42% a week ago,
Freddie Mac says.
Mixed retail sales in May as consumers tighten
DJIA
13,399
-65.74
S&P
1,507
-9.67
NASDAQ
2,570
-16.96
10Yr
5.08%
+0.110
Mixed retail sales in May as consumers tighten
CHICAGO
The nation's largest retailers mostly recovered in May after April's
disastrous sales, but the results reported Thursday were choppy and
provided evidence that the consumer is tightening.
Bond Report: Benchmark 10-year Treasury yield rises above 5%
NEW YORK
Treasurys sold off sharply Thursday, thrusting the benchmark yield above
5% for the first time since August, on the heels of a global sell-off of
government bonds triggered by foreign rate hikes.
Futures Movers: Oil above $67 as storm, refinery data renew supply
concern
NEW YORK
Crude-oil prices rallied past $67 a barrel Thursday as reports of a
delay in tanker loadings at Oman and a slowdown in U.S. refinery
activity last week renewed concerns about energy supplies.
Gonu eases to a tropical storm as it approaches Iran
HONG KONG
The storm named Gonu eased on Thursday to a tropical storm from a
cyclone on the way to Iran, after it bore down earlier in the day in
Oman, shuttering oil installations and port operations as fierce winds
and torrential rains battered the region.
Market Snapshot: U.S. stocks fall sharply on concerns about rates, oil
NEW YORK
U.S. stocks fell sharply on Thursday, sending the Dow Jones Industrial
Average down 80 points, as mixed May sales from the nation's retailers
and lower jobless claims helped push the yield of a key benchmark bond
above 5%, further challenging the attractiveness of stocks.
Forums:
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在解決氣候變化問題上如何照顧發展中國家和發達國家的不同？
8國峰會還應該關注哪些全球性議題？
More...go to
http://www.bloglines.com/blog/johnDispatch
New U.S. jobless claims fell last week to 309,000; forecasts projected claims to rise to 312,000.
New U.S. jobless claims fell last week to 309,000; forecasts projected
claims to rise to 312,000.
Wednesday, June 06, 2007
U.S. stocks fall sharply on interest rates worries
DJIA
13,465
-129.79
S&P
1,517
-13.57
NASDAQ
2,587
-24.05
10Yr
4.97%
-0.006
U.S. stocks fall sharply on interest rates worries
NEW YORK
U.S. stocks fell sharply Wednesday, with the Dow Jones Industrial
Average posting a loss of more than 100 points, after news that unit
labor costs jumped in the first quarter fueled concerns over inflation,
interest rates and rising bond yields.
Economic Report: White House sees slower growth, but bullish on jobs
WASHINGTON
The U.S. economy will probably slow this year to 2.3% growth, but the
job market should remain healthy, the White House said Wednesday in its
semiannual economic forecast.
U.S. stocks fall sharply on interest rates worries
DJIA
13,483
-111.83
S&P
1,518
-12.11
NASDAQ
2,588
-23.07
10Yr
4.97%
-0.004
TRADING CENTER
U.S. stocks fall sharply on interest rates worries
NEW YORK
U.S. stocks fell sharply Wednesday, with the Dow Jones Industrial
Average losing over 100 points, as news that unit labor costs jumped in
the first quarter fueled concerns over inflation, interest rates and
rising bond yields, further sapping enthusiasm in the market.
Economic Report: Productivity revised lower to 1% gain in first quarter
WASHINGTON
The productivity of the U.S. workplace slowed sharply in the first
quarter as output throttled back, the Labor Department reported
Wednesday.
Glaxo defends diabetes drug ahead of congressional hearing.
LONDON
GlaxoSmithKline released a study defending the safety of its diabetes
drug Avandia ahead of a hearing in Congress questioning how the drug won
regulatory approval in the first place.
Tuesday, June 05, 2007
After The Bell Report: U.S. stocks fall sharply as Bernanke, data weigh on bonds
DJIA
13,595
-80.86
S&P
1,530
-8.23
NASDAQ
2,611
-7.06
10Yr
4.98%
+0.047
U.S. stocks fall sharply as Bernanke, data weigh on bonds
NEW YORK
U.S. stocks finished sharply lower Tuesday, after upbeat comments on the
economy from Federal Reserve Chairman Ben Bernanke and
better-than-expected service-sector data reduced hopes that the Fed
would cut interest rates and lifted bond yields to challenging levels.
The Technical Indicator: Volatility Index casts surprisingly bullish
outlook for stocks
CINCINNATI
With recent gains, each major U.S. benchmark has touched multiyear
highs.
Forums:
美計划在東歐建造反導彈防御，俄針鋒相對，要把導彈瞄准歐洲目標。冷戰重新開始了嗎？
More...go to
http://www.bloglines.com/blog/johnDispatch
Dow slides 125 points in midday trade as economic numbers dash hope for rate cut.
Dow slides 125 points in midday trade as economic numbers dash hope for
rate cut.
U.S. stocks fall as Bernanke, data weigh on bonds
DJIA
13,611
-65.26
S&P
1,530
-8.65
NASDAQ
2,606
-12.27
10Yr
4.99%
+0.058
U.S. stocks fall as Bernanke, data weigh on bonds
NEW YORK
U.S. stocks fell on Tuesday, after upbeat comments on the economy from
Federal Reserve Chairman Ben Bernanke and better-than-expected
service-sector data reduced hopes that the Fed would cut interest rates,
lifting bond yields to challenging levels.
Economic Report: Services growing at best pace in a year, says ISM
WASHINGTON
The nonmanufacturing side of the U.S. economy grew at the best pace in a
year in May, the Institute for Supply Management reported Tuesday.
Fed Chairman Ben Bernanke says the building slowdown will be a drag on U.S. economic growth for longer than expected.
Fed Chairman Ben Bernanke says the building slowdown will be a drag on
U.S. economic growth for longer than expected.
Monday, June 04, 2007
U.S. stocks rise slightly after Shanghai stumble
DJIA
13,676
+8.21
S&P
1,539
+2.84
NASDAQ
2,618
+4.37
10Yr
4.93%
-0.027
U.S. stocks rise slightly after Shanghai stumble
NEW YORK
U.S. stocks managed to close higher Monday, after investors took news
of another overnight stumble in the Shanghai stock market in stride, and
a sustained stream of deal news offset rising bond yields and crude
prices.
Apple puts a date on the iPhone rollout: June 29
SAN FRANCISCO
In a series of television commercials that debuted over the weekend,
Apple Inc. revealed that it would release the iPhone, its highly
anticipated combination mobile phone and iPod digital-media player, on
June 29.
The Ratings Game: Investors embrace Wal-Mart's strategy change; shares
gain
CHICAGO
Wal-Mart Stores Inc. shares bucked Monday's weakness among a number of
Dow Jones Industrial Average components, gaining ground amid a throng of
encouraging comments from analysts who follow the retailer.
Futures Movers: Crude rallies on rising demand, Gulf storm, Russia
NEW YORK
Crude-oil futures rallied Monday, boosted by a combination of factors,
including an increase in fuel demand, escalating tensions between Russia
and the West, and the risk of a cyclone hitting the Persian Gulf.
Relations with Russia to overshadow Group of Eight summit
WASHINGTON
A distinct chill in U.S.-Russian relations threatens to cast a shadow
across the Group of Eight summit of leading industrialized nations later
this week, analysts said Monday.
U.S. stocks drop after Shanghai stumble
DJIA
13,651
-16.17
S&P
1,535
-0.46
NASDAQ
2,611
-2.35
10Yr
4.94%
-0.021
U.S. stocks drop after Shanghai stumble
NEW YORK
U.S. stocks dropped on Monday, as investors took news of another
overnight stumble in the Shanghai stock market in stride, but cautiously
monitored rising bond yields, which challenged the appeal of risk-taking
in stocks.
Asia Markets: Shanghai tumbles 8.3% on concern about more cooling moves
HONG KONG
China's Shanghai Composite Index slumped 8.3% Monday as investors showed
concern that authorities might take further measures to cool what's been
a red-hot stock market, but other Asian indexes reached fresh records.
Palm Inc. to sell 25% stake, make $940 million distribution
LONDON
Palm Inc. agreed to sell a 25% stake to a private-equity group and said
it would distribute $940 million to investors who own stock in the
manufacturer of handheld device makers, the company said Monday.
Forums:
美計划在東歐建造反導彈防御，俄針鋒相對，要把導彈瞄准歐洲目標。冷戰重新開始了嗎？
More...go to
http://www.bloglines.com/blog/johnDispatch
