Stocks pulled off a gain
Gains were modest, the morning advance was broad based as investors welcomed a better-than-expected reading on consumer confidence. Tech stocks gave a modest lift to the Nasdaq. Apple was a primary leader after reports that it is developing a network that will enable iPhone to team with more companies than just AT&T. The launch of [...]
Stock gains were broad based
Stocks managed to maintain solid gains on Monday, led by Chevron (CVX) and Exxon Mobil (XOM). But the major equity indexes stayed locked within a tight trading range ahead of Friday’s jobs report. A weakening dollar helped bring buyers into the stock market and keep the bullish trend intact. Tech stocks edged higher Monday, powered [...]
Little changed
Friday’s flat session capped off a choppy week. After starting on a positive note, stocks gave up their early gains. The Nasdaq has dipped into negative territory as tech large cap stocks such as Intel, Microsoft, Hewlett Packard showed weakness. Oracle reported weaker earnings that beat forecasts and higher revenue. The shares slipped 1.3% Friday. [...]
Failed to hold gains
The early mood among market players was positive. Bernanke said interest rates can stay low for a while. The dollar’s turnaround stirred profit-takers to action. Qcomm surged 5% after it increased its earnings outlook.After the close, Oracle reported weaker earnings that beat forecasts and higher revenue that also topped expectations.
FEAR METER: The S&P500 implied volatility [...]
Retreated on debt concerns
Moderate weakness mired the broader equity market for the entire session. Stocks were also pressured by weaker-than-expected reports on new-home sales and durable goods orders. Starbucks rose after the coffeehouse chain announced plans to pay an initial dividend. Investors will take in quarterly results from Oracle after the market closes.
FEAR METER: The S&P [...]
