Cut losses
Pessimism among investors was rooted in a disappointing batch of economic data and moderate strength in the dollar. Palm said it expects revenue to fall far below current forecasts due to worse-than-expected sales of its new smartphones. Shares plunged 19% on the forecast. However, the market managed to cut losses as buyers stepped in.
FEAR METER: [...]
Stocks rebound to settle near session high
Stocks posted slim gains, lost some steam after a worse-than-expected new home sales report and then turned higher again after the Fed chief pledged to keep interest rates low for the foreseeable future. With the outlook for economic growth and inflation unchanged, the dollar came under pressure and fell to a loss of 0.7% against [...]
Investors’ pessimism weighed on the market
Stocks closed near session lows on disappointing consumer confidence reading and a stronger dollar. The broad market weakness and a stronger dollar dragged down the materials sector to a 1.7%. In addition to weakness among basic materials, commodities had a poor session. Financials were officially the worst performing sector of the session, though they had [...]
Lacking momentum
The markets were fairly quiet after a strong week. Investors may have taken comfort from signs that regulatory changes being proposed in Washington will be milder than feared. Stocks are bound to be volatile this week amid ongoing concerns about the outlook for the U.S. economy. Standpoint Research initiated Dell with a Buy and establishes [...]
Running out of gas?
Stocks managed to recover and finish the week with their fourth straight gain. Dell reported earnings and revenue Thursday night that beat consensus estimates, but the news wasn’t enough to stop shares from sinking. Hewlett-Packard little changed. The tech sector needs a catalyst to resume rally.
FEAR METER: The S&P500 implied volatility slipped further as bullish [...]
