Daily market review by Linette Smith
October 4, 2011
Stocks Tumble
Stock futures open lower Tuesday ahead of comments on the economic outlook from Federal Reserve Chairman Ben Bernanke. The Dow Jones Industrial Average fell 242.71 points to 10,404.7. Off more than 20% from its April 29th high of 1,363.61, the Standard & Poor’s 500 Index dropped 16.97 points to 1,082.26, with energy the heaviest weight among its 10 industry groups. The Nasdaq Composite Index shed 20.68 points to 2,315.15. The dollar was strengthening slightly against a basket of currencies, with the dollar index up by 0.147%.
Apple to showcase the Iphone 5
Apple will showcase its new Iphone today the CEO Tim Cook will do the honors this time from Apple's headquarters. The Iphone 5 -- expected to be faster, thinner and larger-screened -- would arrive just in time for the crucial holiday shopping season. Apple shares fell 0.44% to $372.88 per share.
Euro Stabilizes
Euro stabilizes amid Greek worries. The euro traded at $1.3193, up from $1.3182 in North American trade late Monday. The dollar index stood at 79.590, little changed from 79.577. The British pound changed hands at $1.5368, down from $1.5445 on Monday. The dollar traded at 76.67 yen.
August 31, 2011
U.S stocks extend gains
U.S stocks extend gains on Wednesday. Dow Jones lift into positive territory for the year, Dow industrials climbed 124.80 points to 11,684.75. The Nasdaq Composite Index advanced 26.81 points to 2,602.92. The Standard & Poor’s 500 Index added 15.33 points to 1,228.25. AT&T Inc. shares could be in focus after the telecom group said it will return 5,000 outsourced wireless call-center jobs back to the U.S. DryShips Inc. fell over 10% in premarket trade. Gold for December delivery rose $2.90 to $1,832.70 an ounce.
Motorola patents may not help Google
This acquisition has legal tax and accounting benefits, associated with the money Motorola Mobility has lost over the years, according to experts who have studied its details. Google can expect to reap $700 million a year in tax deductions from future profits each year through 2019.
IBM goes shopping
IBM shares fell down to $172.14 in early trading. IBM goes shopping for its 25th analytics acquisition in the past five years. IBM provides analytics for fraud and crime in sector such as insurance, health care, banking, defense, etc. IBM has spent 14 billion on the acquisition of these companies. The last acquisition was Autonomy for $10 billion.
Oil futures inch higher
Due to fears of an inventories increase, Crude-oil inch higher on Wednesday. Crude for October delivery added 21 cents, or 0.2%, to $89.12 a barrel on the New York Mercantile Exchange. Oil futures have settled higher for four sessions.
U.S stocks extend gains
U.S stocks extend gains on Wednesday. Dow Jones lift into positive territory for the year, Dow industrials climbed 124.80 points to 11,684.75. The Nasdaq Composite Index advanced 26.81 points to 2,602.92. The Standard & Poor’s 500 Index added 15.33 points to 1,228.25. AT&T Inc. shares could be in focus after the telecom group said it will return 5,000 outsourced wireless call-center jobs back to the U.S. DryShips Inc. fell over 10% in premarket trade. Gold for December delivery rose $2.90 to $1,832.70 an ounce.
Motorola patents may not help Google
This acquisition has legal tax and accounting benefits, associated with the money Motorola Mobility has lost over the years, according to experts who have studied its details. Google can expect to reap $700 million a year in tax deductions from future profits each year through 2019.
IBM goes shopping
IBM shares fell down to $172.14 in early trading. IBM goes shopping for its 25th analytics acquisition in the past five years. IBM provides analytics for fraud and crime in sector such as insurance, health care, banking, defense, etc. IBM has spent 14 billion on the acquisition of these companies. The last acquisition was Autonomy for $10 billion.
Oil futures inch higher
Due to fears of an inventories increase, Crude-oil inch higher on Wednesday. Crude for October delivery added 21 cents, or 0.2%, to $89.12 a barrel on the New York Mercantile Exchange. Oil futures have settled higher for four sessions.
Daily market review by Linette Smith
August 30, 2011
Stock start soft
U.S stock futures open lower on Tuesday ahead of consumer confidence figures and the minutes of the latest Fed meeting. Dow Jones Industrial Average fell 38.07 to 11,501.18 while the Standard & Poor’s 500 Index declined 4.43 points to 1,205.65. Nasdaq Index dropped 6.73 points to 2,555.38.
Amazon may sell 3-5 million tablets
Amazon may sell 5 million tablets in the fourth quarter becoming the top competitor to Apple Inc., Apple has sold almost 30 million iPads since launching its tablet in April 2010. Apple has faced many competitors but Amazon has the potential to gain quick share. Amazon shares were up 3.4 percent at $206.03 in afternoon trading on Monday, leaving them up more than 10 percent so far this year. Apple shares were up 1.6 percent at $389.87. The stock is up almost 19 percent so far in 2011.
Apple, Google growth on the cheap
Google growth this time lead by cheap Smartphone’s even the market will be bigger won’t be better for all players. In four years smartphones sales will increase 1.03 billion. Apple is expected to go cheap on Smartphone’s. On South Korea LG is leading the way on high-quality/low-cost phone production.
Dollar trades up
Dollar trades up on Tuesday ahead of the release of minutes from the Federal Reserve’s meeting. The dollar Index rose 74.02 from 73.728. The euro fell to $1.4431, off from $1.4516 Monday. The British pound traded at $1.6307, down from $1.6410.
Amazon may sell 3-5 million tablets
Amazon may sell 5 million tablets in the fourth quarter becoming the top competitor to Apple Inc., Apple has sold almost 30 million iPads since launching its tablet in April 2010. Apple has faced many competitors but Amazon has the potential to gain quick share. Amazon shares were up 3.4 percent at $206.03 in afternoon trading on Monday, leaving them up more than 10 percent so far this year. Apple shares were up 1.6 percent at $389.87. The stock is up almost 19 percent so far in 2011.
Apple, Google growth on the cheap
Google growth this time lead by cheap Smartphone’s even the market will be bigger won’t be better for all players. In four years smartphones sales will increase 1.03 billion. Apple is expected to go cheap on Smartphone’s. On South Korea LG is leading the way on high-quality/low-cost phone production.
Dollar trades up
Dollar trades up on Tuesday ahead of the release of minutes from the Federal Reserve’s meeting. The dollar Index rose 74.02 from 73.728. The euro fell to $1.4431, off from $1.4516 Monday. The British pound traded at $1.6307, down from $1.6410.
Daily market review by Linette Smith
August 29, 2011
If Gold prices fall under $1,600, Dollar up 30%
If gold prices fall below $1,600 an ounce, dollar could strengthen 30%. Gold on Monday fell 1 % but it’s still trading at $1,800 an ounce. Spot gold was down $11.60 at $1,817.50 an ounce. Silver for December delivery rose 19 cents to $41.19 an ounce.
U.S stocks open up 1%
U.S stocks open up 1% on Monday after data showed Americans earned and spent more in July. The Dow Jones industrial average was up 144.85 points at 11,429.39. The Standard & Poor's 500 Index was up 15.67 points, or 1.33 percent, at 1,192.47. The Nasdaq Composite Index was up 33.04 points, or 1.33 percent, at 2,512.89.
Dollar gains versus yen
Dollar gains versus yen in Mid-morning trade on Monday. The dollar index rose to 73.836, from 73.825 in North American trading late Friday. The dollar climbed as high as 76.984 yen. The euro traded at $ $1.4509, up from $1.4483. The British pound rose to $1.6398 from $1.6341 in North American trading late Friday.
If gold prices fall below $1,600 an ounce, dollar could strengthen 30%. Gold on Monday fell 1 % but it’s still trading at $1,800 an ounce. Spot gold was down $11.60 at $1,817.50 an ounce. Silver for December delivery rose 19 cents to $41.19 an ounce.
U.S stocks open up 1%
U.S stocks open up 1% on Monday after data showed Americans earned and spent more in July. The Dow Jones industrial average was up 144.85 points at 11,429.39. The Standard & Poor's 500 Index was up 15.67 points, or 1.33 percent, at 1,192.47. The Nasdaq Composite Index was up 33.04 points, or 1.33 percent, at 2,512.89.
Dollar gains versus yen
Dollar gains versus yen in Mid-morning trade on Monday. The dollar index rose to 73.836, from 73.825 in North American trading late Friday. The dollar climbed as high as 76.984 yen. The euro traded at $ $1.4509, up from $1.4483. The British pound rose to $1.6398 from $1.6341 in North American trading late Friday.
Daily market review by Linette Smith
August 26, 2011
Dollar Slips versus Euro
Dollar slips versus euro on Friday as investors expect a speech from Federal Reserve that may provide hints about what the central bank could do next to boost a slumping U.S. economy. The dollar index slipped to 74.007 versus 74.262 in North American trading late Thursday. The dollar fell 1 percent to 76.66 yen JPY while the euro edged up 0.2 percent to $1.4395 EUR.
Stock Futures Lower
U.S stock futures fell Friday after U.S government reported the U.S economy grew 1% in the second quarter. Futures on the Dow Jones Industrial Average fell 83 points to 11,048. Standard & Poor’s 500 index futures declined 10.4 points to 1,147.10, while Nasdaq 100 futures fell 15 points to 2,096. Crude-oil futures fell $1.49 to $83.81 a barrel while gold futures rose $13.10 to $1,776.30 an ounce.
Crude prices edge lower
Crude prices slipped on Friday as traders awaited Federal Reserve Chairman Ben Bernanke's speech and reports of Hurricane Irene. Crude for October delivery lost $1.16 to $84.16 a barrel on the New York Mercantile Exchange. Gasoline for September delivery lost 4 cents to $2.93 a gallon.
Dollar slips versus euro on Friday as investors expect a speech from Federal Reserve that may provide hints about what the central bank could do next to boost a slumping U.S. economy. The dollar index slipped to 74.007 versus 74.262 in North American trading late Thursday. The dollar fell 1 percent to 76.66 yen JPY while the euro edged up 0.2 percent to $1.4395 EUR.
Stock Futures Lower
U.S stock futures fell Friday after U.S government reported the U.S economy grew 1% in the second quarter. Futures on the Dow Jones Industrial Average fell 83 points to 11,048. Standard & Poor’s 500 index futures declined 10.4 points to 1,147.10, while Nasdaq 100 futures fell 15 points to 2,096. Crude-oil futures fell $1.49 to $83.81 a barrel while gold futures rose $13.10 to $1,776.30 an ounce.
Crude prices edge lower
Crude prices slipped on Friday as traders awaited Federal Reserve Chairman Ben Bernanke's speech and reports of Hurricane Irene. Crude for October delivery lost $1.16 to $84.16 a barrel on the New York Mercantile Exchange. Gasoline for September delivery lost 4 cents to $2.93 a gallon.
Daily market review by Linette Smith
August 25, 2011
Apple Stock Falls
Apple shares face pressure after Steve Jobs depart as CEO. Apple shares fell 2.2% premarket to $367.80. Apple's stock was suspended after hours trading on the 16:19 for about 35 minutes. The stock had fallen more than 5% after this news. Steve Job’s departs because of his serious health problems.
U.S stock futures open higher
U.S stock futures open higher on Thursday as Warren Buffett’s $5 billion bet on bank of America shares. The Dow Jones industrial average rose 80 points. S&P 500 climbed 13 points. The NASDAQ composite rose 11 points. Apple fortune dipped 2% after co-founder and CEO Steve Jobs resigned late Wednesday.
Oil over $86
Oil prices pushed over $86 a barrel as Lybia continue fighting in oil rich. Benchmark oil for October delivery was up $1.05 to $86.21 on Thursday. In London, Brent crude for October delivery was up 95 cents to $111.10 on the ICE Futures exchange.
U.S stock futures open higher
U.S stock futures open higher on Thursday as Warren Buffett’s $5 billion bet on bank of America shares. The Dow Jones industrial average rose 80 points. S&P 500 climbed 13 points. The NASDAQ composite rose 11 points. Apple fortune dipped 2% after co-founder and CEO Steve Jobs resigned late Wednesday.
Oil over $86
Oil prices pushed over $86 a barrel as Lybia continue fighting in oil rich. Benchmark oil for October delivery was up $1.05 to $86.21 on Thursday. In London, Brent crude for October delivery was up 95 cents to $111.10 on the ICE Futures exchange.
Daily market review by Linette Smith
August 24, 2011
Dollar lost ground
Dollar lost ground on Wednesday with the Yen and the Euro after the release o U.S durable goods data. The dollar index fell from 73.895 to 73.716. The euro traded at 1.4453 up from $1.4427. The dollar traded 76.5 Japanese yen. The British pound traded at $1.6496.
U.S stock futures flirt with gains
U.S stock futures point to a flat open after durable goods come in much stronger than expected. Dow Jones opens lower 14 points while Standard & Poor’s Index futures declined 1.5 points. NASDAQ futures fell 2.50 points to 2,121.50. Bank of America edges higher rose 1.6 percent to $6.40. Crude-oil futures rose 59 cents to $86.03 a barrel in electronic trade, while gold futures dropped $23.60 to $1,837.70 an ounce.
Gold turns negative
Gold turns negative for first time in weeks after U.S data. Gold for December delivery dropped $29.90, or 1.6%, to trade at $1,831 an ounce on the Comex division of the New York Mercantile Exchange. Analyst says that gold could be overbought others say that gold is a bubble that is about to burst.
Dollar lost ground on Wednesday with the Yen and the Euro after the release o U.S durable goods data. The dollar index fell from 73.895 to 73.716. The euro traded at 1.4453 up from $1.4427. The dollar traded 76.5 Japanese yen. The British pound traded at $1.6496.
U.S stock futures flirt with gains
U.S stock futures point to a flat open after durable goods come in much stronger than expected. Dow Jones opens lower 14 points while Standard & Poor’s Index futures declined 1.5 points. NASDAQ futures fell 2.50 points to 2,121.50. Bank of America edges higher rose 1.6 percent to $6.40. Crude-oil futures rose 59 cents to $86.03 a barrel in electronic trade, while gold futures dropped $23.60 to $1,837.70 an ounce.
Gold turns negative
Gold turns negative for first time in weeks after U.S data. Gold for December delivery dropped $29.90, or 1.6%, to trade at $1,831 an ounce on the Comex division of the New York Mercantile Exchange. Analyst says that gold could be overbought others say that gold is a bubble that is about to burst.
Daily market review by Linette Smith
August 23, 2011
U.S stock futures rises
U.S stock futures rise more than 1% on Tuesday. Futures on the Dow Jones Industrial Average rose 85 points to 10,932.00. Standard & Poor’s 500 Index futures gained 9.70 points to 1,133.00, while Nasdaq 100 futures rose 19 points to 2,063.00. Apple [AAPL 360.17 3.73 (+1.05%) have started producing a cheaper version of the popular Iphone 4 with a smaller 8-gigabyte flash drive, according to sources.
Oil turns lower
Crude oil futures turn lower on Tuesday. Crude oil for October delivery declined 78 cents to $83.67 a barrel on the New York Mercantile Exchange. Brent crude also traded lower, down 45 cents to $107.91 a barrel. Energy products also traded lower Tuesday, with September gasoline off 1 cent to $2.82 a gallon.
Dollar Slips
Dollar slips on Tuesday with the euro finding support. The dollar index traded at 73.642 down from 73.6242. The euro rose to $1.4478 from $1.4379 in late action Monday. The British pound rose to $1.6551 versus the dollar, from $1.6480. U.S dollar lost ground versus Yen from ¥76.75 at ¥76.6.
Oil turns lower
Crude oil futures turn lower on Tuesday. Crude oil for October delivery declined 78 cents to $83.67 a barrel on the New York Mercantile Exchange. Brent crude also traded lower, down 45 cents to $107.91 a barrel. Energy products also traded lower Tuesday, with September gasoline off 1 cent to $2.82 a gallon.
Dollar Slips
Dollar slips on Tuesday with the euro finding support. The dollar index traded at 73.642 down from 73.6242. The euro rose to $1.4478 from $1.4379 in late action Monday. The British pound rose to $1.6551 versus the dollar, from $1.6480. U.S dollar lost ground versus Yen from ¥76.75 at ¥76.6.
Daily market review by Linette Smith
August 22, 2011
Dollar slips
Dollar slips against most major rivals on Monday. The dollar index traded at 73.907, down from 74.008 in late North American trading Friday. The euro rose to $1.4429, up from $1.4389. The dollar bought 76.76 yen, up slightly from ¥76.39 in late trading on Friday.
Wall Street open higher
Wall Street surged more than 1% on Monday after 4 weeks losses. The Dow Jones industrial average jumped 176.15 points, or 1.63 percent, at 10,993.80. The Standard & Poor's 500 Index was up 19.92 points at 1,143.4 while, the Nasdaq Composite Index advanced 47.32 points at 2,389.16.
Oil prices fall
Crude oil prices fall on Monday $84 a barrel. Sweet crude for delivery in September added $1.53 to $83.80 a barrel on the New York Mercantile Exchange. Brent crude on the ICE Futures Europe exchange fell $1.10, or 1%, to $107.52 a barrel.
Daily market review by Linette Smith
August 19, 2011
U.S futures point to weak open
U.S futures point to weak open on Friday on fears over global growth and the health of Europe’s banking system. Futures on the Dow Jones Industrial Average declined 160 points to 10,857 while Standard & Poor’s 500 Index futures dropped 18.50 points to 1,125. Nasdaq 100 futures lost 29.75 points to trade at 2,052.25. Bank of America shares fell 2.3% in premarket trade, while shares of Citigroup Inc. fell 2.4%. Shares of Hewlett-Packard Co. dropped 12% in premarket action.
Dollar turns down
Dollar extended losses against the euro and Swiss franc. The dollar index fell to 73.908, from 74.216 in late North American trading Thursday. The euro turned up to $1.4399, from $1.43 and versus $1.4331 on Thursday. The dollar traded at 76.46 Japanese yen, down from ¥76.56 late Thursday. he British pound rose to $1.6569, up from $1.6508.
Gold climbs
Gold has climbed $399 an ounce. This isn’t the only commodity that can offer a refuge for investors. Gold prices are up 28% year to date. Year to date, silver’s up 31%, corn has added 13%, coffee’s up 10%. Heating oil’s 13% and gasoline’s up 18%.
U.S futures point to weak open on Friday on fears over global growth and the health of Europe’s banking system. Futures on the Dow Jones Industrial Average declined 160 points to 10,857 while Standard & Poor’s 500 Index futures dropped 18.50 points to 1,125. Nasdaq 100 futures lost 29.75 points to trade at 2,052.25. Bank of America shares fell 2.3% in premarket trade, while shares of Citigroup Inc. fell 2.4%. Shares of Hewlett-Packard Co. dropped 12% in premarket action.
Dollar turns down
Dollar extended losses against the euro and Swiss franc. The dollar index fell to 73.908, from 74.216 in late North American trading Thursday. The euro turned up to $1.4399, from $1.43 and versus $1.4331 on Thursday. The dollar traded at 76.46 Japanese yen, down from ¥76.56 late Thursday. he British pound rose to $1.6569, up from $1.6508.
Gold climbs
Gold has climbed $399 an ounce. This isn’t the only commodity that can offer a refuge for investors. Gold prices are up 28% year to date. Year to date, silver’s up 31%, corn has added 13%, coffee’s up 10%. Heating oil’s 13% and gasoline’s up 18%.
Daily market review by Linette Smith
August 18, 2011
Dollar Gained ground
Dollar gained ground versus major currencies on Thursday. The dollar index rose to 74.033, up from 73.697 in late North American trading on Wednesday. The euro fell to $1.4374, down from $1.4447 on Wednesday. The dollar rose slightly to buy 76.60 Japanese yen, compared to 76.50 yen Wednesday. The dollar rose to 79.36 centimes versus the Swiss franc up from 78.89 centimes on Wednesday.
Stock futures drop
Stock futures dropped on Thursday on growth fears. Futures on the Dow Jones Industrial Average dropped 224 points to 11,157.00 while Standard & Poor’s 500 index futures fell 27 points to 1,162.90. Nasdaq 100 futures lost 48.25 points to 2,127. Crude-oil futures dropped $2.54 to trade at $85.04 a barrel.
Gold back above $1800
Gold futures rose above $1800 an ounce on Thursday. Gold for December delivery added $28.20 to trade at $1,821.70. China is the first largest producer of gold and the second consumer after India.
Daily market review by Linette SmithDollar gained ground versus major currencies on Thursday. The dollar index rose to 74.033, up from 73.697 in late North American trading on Wednesday. The euro fell to $1.4374, down from $1.4447 on Wednesday. The dollar rose slightly to buy 76.60 Japanese yen, compared to 76.50 yen Wednesday. The dollar rose to 79.36 centimes versus the Swiss franc up from 78.89 centimes on Wednesday.
Stock futures drop
Stock futures dropped on Thursday on growth fears. Futures on the Dow Jones Industrial Average dropped 224 points to 11,157.00 while Standard & Poor’s 500 index futures fell 27 points to 1,162.90. Nasdaq 100 futures lost 48.25 points to 2,127. Crude-oil futures dropped $2.54 to trade at $85.04 a barrel.
Gold back above $1800
Gold futures rose above $1800 an ounce on Thursday. Gold for December delivery added $28.20 to trade at $1,821.70. China is the first largest producer of gold and the second consumer after India.
August 17, 2011
Stock futures point to Firm Start
U.S stock futures edge up after the government reported strong earnings from retailers Target and Staples. Futures on the Dow Jones Industrial Average rose 22 points to 11,409, while Standard & Poor’s 500 index futures gained 2.90 points to 1,195.20. Nasdaq 100 futures slipped 3 points to 2,196.00.
Oil prices fall
Oil prices settled lower on Wednesday, oil prices, which tracked moves in U.S. equities and the dollar to post gains a day earlier. Crude for September delivery added 48 cents, or 0.6%, to $87.13 a barrel on the New York Mercantile Exchange during Asian trading hours.
Gold futures rises
Gold future rises on Wednesday after posting a nominal record close in U.S. Gold for December delivery gained $6.70, or 0.4%, to $1,791.50 an ounce in electronic trading on Globex. In other Wednesday trading, September silver futures rise 27 cents, or 0.7%, to $40.09 an ounce.
U.S stock futures edge up after the government reported strong earnings from retailers Target and Staples. Futures on the Dow Jones Industrial Average rose 22 points to 11,409, while Standard & Poor’s 500 index futures gained 2.90 points to 1,195.20. Nasdaq 100 futures slipped 3 points to 2,196.00.
Oil prices fall
Oil prices settled lower on Wednesday, oil prices, which tracked moves in U.S. equities and the dollar to post gains a day earlier. Crude for September delivery added 48 cents, or 0.6%, to $87.13 a barrel on the New York Mercantile Exchange during Asian trading hours.
Gold futures rises
Gold future rises on Wednesday after posting a nominal record close in U.S. Gold for December delivery gained $6.70, or 0.4%, to $1,791.50 an ounce in electronic trading on Globex. In other Wednesday trading, September silver futures rise 27 cents, or 0.7%, to $40.09 an ounce.
Daily market review by Linette Smith
August 16, 2011
Euro drops against Dollar
Euro drops against dollar Tuesday the second-quarter growth data report from the euro zone. The euro slipped to $1.4383, compared with $1.4453 in late North American trading on Monday. The dollar index which tracks the performance of the greenback against a basket of other major currencies rose to 74.063 from 73.836.
U.S stock futures drop
U.S stock futures drop on Tuesday after unsatisfactory second-quarter growth data report. The Dow Jones Industrial Average recently fell 81 points, or 0.7%, to 11403, led lower by Bank of America's 2% drop and J.P. Morgan Chase's 1.8% decline. Standard & Poor’s 500 stock index declined 14.9 points to 1,183.50. Nasdaq 100 futures sank 25.25 points to 2,181.25. Wal-Mart the world’s largest retailer, report its second-quarter earnings rose to $1.09 a share from 97 cents in the year-earlier period.
Gold prices set higher
Gold prices set higher on Tuesday. Gold for December delivery was up $10.70, or 0.6%, to $1,769.10 per troy ounce, on the Comex division of the New York Mercantile Exchange. September silver climbed 36 cents, or 0.9%, to $39.70 an ounce.
U.S stock futures drop
U.S stock futures drop on Tuesday after unsatisfactory second-quarter growth data report. The Dow Jones Industrial Average recently fell 81 points, or 0.7%, to 11403, led lower by Bank of America's 2% drop and J.P. Morgan Chase's 1.8% decline. Standard & Poor’s 500 stock index declined 14.9 points to 1,183.50. Nasdaq 100 futures sank 25.25 points to 2,181.25. Wal-Mart the world’s largest retailer, report its second-quarter earnings rose to $1.09 a share from 97 cents in the year-earlier period.
Gold prices set higher
Gold prices set higher on Tuesday. Gold for December delivery was up $10.70, or 0.6%, to $1,769.10 per troy ounce, on the Comex division of the New York Mercantile Exchange. September silver climbed 36 cents, or 0.9%, to $39.70 an ounce.
Daily market review by Linette Smith
August 15, 2011
U.S stock futures climb
Stock futures climbs on Monday as Google Inc said it would pay $12.5 billion to buy Motorola Mobility Holdings Inc. Futures on the Dow Jones Industrial Average rose 43 points to 11,250. Standard & Poor’s 500 stock index advanced 5.60 points to 1,182.50. Nasdaq 100 future gained 4.75 points to 2,182.25. The blue-chip Dow index rallied 1.1% Friday.
Google buying Motorola
Google is buying Motorola mobility Holdings Inc. for $12.5 Billion. The price is a 63% premium to Motorola Mobility's Friday closing price. Together they will create amazing users experience.
Euro extended gains
Euro extended gains versus dollar to trade above 1.44 on Monday. The dollar erased an earlier gain to buy 78.44 centimes, down from 77.66 in North American trading late Friday. The euro rose to $1.4395, compared to $1.4251 late last week.
Stock futures climbs on Monday as Google Inc said it would pay $12.5 billion to buy Motorola Mobility Holdings Inc. Futures on the Dow Jones Industrial Average rose 43 points to 11,250. Standard & Poor’s 500 stock index advanced 5.60 points to 1,182.50. Nasdaq 100 future gained 4.75 points to 2,182.25. The blue-chip Dow index rallied 1.1% Friday.
Google buying Motorola
Google is buying Motorola mobility Holdings Inc. for $12.5 Billion. The price is a 63% premium to Motorola Mobility's Friday closing price. Together they will create amazing users experience.
Euro extended gains
Euro extended gains versus dollar to trade above 1.44 on Monday. The dollar erased an earlier gain to buy 78.44 centimes, down from 77.66 in North American trading late Friday. The euro rose to $1.4395, compared to $1.4251 late last week.
Daily market review by Linette Smith
August 12, 2011
Stock futures point to a higher open
Stock futures point to a higher open on Friday after the government reported a 0.5% rise in U.S sales retail. Dow Jones Industrial Average rose 83 points to 11,167. Those of the Standard & Poor’s 500 stock index rise 9.30 points at 1,177.80. Nasdaq 100 futures rose 11.75 points at 2,169.75. The blue-chip Dow industrials rallied 423.37 points, or 4%, on Thursday.
Dollar extended losses
Dollar slips against the euro after sales retail report. The euro hit a session high of $1.4286 after the data versus $1.4258 prior to its release. The dollar index fell down to 74.445 from 74.618 late Thursday.
Stock futures point to a higher open on Friday after the government reported a 0.5% rise in U.S sales retail. Dow Jones Industrial Average rose 83 points to 11,167. Those of the Standard & Poor’s 500 stock index rise 9.30 points at 1,177.80. Nasdaq 100 futures rose 11.75 points at 2,169.75. The blue-chip Dow industrials rallied 423.37 points, or 4%, on Thursday.
Dollar extended losses
Dollar slips against the euro after sales retail report. The euro hit a session high of $1.4286 after the data versus $1.4258 prior to its release. The dollar index fell down to 74.445 from 74.618 late Thursday.
Gold Futures edge higher
Gold futures edge higher on Friday. Gold for December delivery rose 0.6%, or $10.50, to $1,762.00 per troy ounce an ounce. During the regular U.S. session, the contract settled down $32.80, or 1.8%, at $1,751.50 per ounce.
Gold futures edge higher on Friday. Gold for December delivery rose 0.6%, or $10.50, to $1,762.00 per troy ounce an ounce. During the regular U.S. session, the contract settled down $32.80, or 1.8%, at $1,751.50 per ounce.
Daily market review by Linette Smith
August 11, 2011
U.S stock futures open lower
U.S stock futures open lower on Thursday after the government reported jobless claims dropped more than expected. Futures on the Dow Jones Industrial Average dropped 49 points to 10,676, while, Dow futures had been up more than 200 points earlier. Futures on the Standard & Poor’s 500 stock index slipped 5.50 points to 1,118, while Nasdaq 100 futures fell 1.75 points to 2,083.25. December gold futures fell $13.30 to $1,772 an ounce. September oil futures slipped 65 cents to $82.24 a barrel.
U.S dollar turned up against the euro
The U.S dollar turned up against the euro as stock futures struggled to recover. The dollar index turned up to 74.883 from 74.688 in late North American trade Wednesday. The euro fell to $1.4165 from $1.4193. The dollar also fell against the Japanese currency, fetching 76.88 yen compared with ¥76.85 in late New York trading Wednesday.
Oil holds below $83 a barrel
Crude oil holds below $83 a barrel on Thursday. Crude for September delivery dipped 11 cents to $82.76 on the New York Mercantile Exchange. Oil prices have dropped nearly 14% over the past month, according to data from FactSet Research.
Daily market review by Linette Smith
August 10, 2011
Stock futures fall
U.S stock futures lost continue to decline on Wednesday. Dow Jones Industrial Average futures shed 72 points to 11122 about 90 minutes before the opening bell while, Standard & Poor’s 500 index fell 18.60 points to 1,153.10. Nasdaq 100 futures slipped 38.25 points to 2,116.75. On Wednesday commodities traded higher, with December gold futures up $23.80 to $1,766.80 an ounce in electronic trading. Oil futures rose $2.73 to $82.03 a barrel.
U.S dollar falls after FED statement
Dollar extended losses on Wednesday after FED statement. The U.S. dollar index which measures the greenback’s performance against a basket of six currencies, slipped to 74.035, from 74.307. The euro rose to $1.4344, from $1.4274 Tuesday. Japanese yen, the greenback bought 76.40 yen, from ¥76.86 late Tuesday.
Gold futures extend strong gains
Gold futures extend strong gains on Wednesday after FED statement that it will maintain low interest rates at least through mid-2013. Comex gold futures neared $1,800 an ounce as investors dug in for another volatile day in global equity markets. Gold for December delivery rose $13.60 to $1,757.20 an ounce in electronic trading. September silver futures rose 29 cents to $38.16 an ounce. Copper for September delivery edged up 4 cents to $4.01 a pound.
U.S dollar falls after FED statement
Dollar extended losses on Wednesday after FED statement. The U.S. dollar index which measures the greenback’s performance against a basket of six currencies, slipped to 74.035, from 74.307. The euro rose to $1.4344, from $1.4274 Tuesday. Japanese yen, the greenback bought 76.40 yen, from ¥76.86 late Tuesday.
Gold futures extend strong gains
Gold futures extend strong gains on Wednesday after FED statement that it will maintain low interest rates at least through mid-2013. Comex gold futures neared $1,800 an ounce as investors dug in for another volatile day in global equity markets. Gold for December delivery rose $13.60 to $1,757.20 an ounce in electronic trading. September silver futures rose 29 cents to $38.16 an ounce. Copper for September delivery edged up 4 cents to $4.01 a pound.
Daily market review by Linette Smith
August 9 2011
Oil Bounces Wildly
Oil bounced higher on Tuesday as investors took their cues from the stock market. Brent crude was $1.51 higher at $105.31 a barrel after it touched the session's high of $105.95. U.S. light, sweet crude gained $1 to $82.31 after reaching as high as $83.05. Top Arabia Saudita seller has risen to near 10 million barrels.
Wall Street climbs at open
U.S stock rose at the open on Tuesday. After gaining more than 140 points, the Dow Jones Industrial Average was lately up 77.80 points to 10,894.62, with 18 of its 30 components rising. The Standard & Poor’s 500 Index added 6.19 points to 1,125.79. The Nasdaq Composite Index climbed 13.24 points, or 0.6%, to 2,370.97.
Dollar weakens
The Swiss franc jumped to fresh versus dollar and euro on Tuesday. The dollar fell against the safe-haven Swiss franc buying 74.14 centimes, down from 75.47 centimes in North American trading late Tuesday. The euro traded at 1.0573 Swiss francs, a decline of 1.3%.
Oil bounced higher on Tuesday as investors took their cues from the stock market. Brent crude was $1.51 higher at $105.31 a barrel after it touched the session's high of $105.95. U.S. light, sweet crude gained $1 to $82.31 after reaching as high as $83.05. Top Arabia Saudita seller has risen to near 10 million barrels.
Wall Street climbs at open
U.S stock rose at the open on Tuesday. After gaining more than 140 points, the Dow Jones Industrial Average was lately up 77.80 points to 10,894.62, with 18 of its 30 components rising. The Standard & Poor’s 500 Index added 6.19 points to 1,125.79. The Nasdaq Composite Index climbed 13.24 points, or 0.6%, to 2,370.97.
Dollar weakens
The Swiss franc jumped to fresh versus dollar and euro on Tuesday. The dollar fell against the safe-haven Swiss franc buying 74.14 centimes, down from 75.47 centimes in North American trading late Tuesday. The euro traded at 1.0573 Swiss francs, a decline of 1.3%.
Daily market review by Linette Smith
August 8 2011
U.S stock futures tumble
U.S stock futures tumble after S&P downgrade. Dow Jones Industrial Average futures dropped 226 points, or 2%, to 11176, setting up the blue-chip index to extend last week's losses. Futures on the Standard & Poor’s 500 index dropped 28 points to 1,169.8. The Dow Jones Industrial Average fell 5.8% last week, worst performance since March 6, 2009. S&P 500 index fell 7.2% on the week, its worst since late in 2008. The NASDAQ finished the week down 8%, its worst since 2008.
Dollar falls
Dollar pared early losses against the yen and the euro after Fridays S&P downgrade. The U.S. dollar index traded at 74.223, down from 74.592 in North American trade late Friday. The dollar fell to 77.94 yen initially, before regaining some ground against the Japanese currency, trading at 78.235 yen compared with 78.40 late Friday. The euro slipped back to $1.4255 in recent action, down from $1.4269 late North American trading Friday.
Oil prices slide
Oil futures fell sharply on Monday after S&P downgrade. Crude oil for September delivery dropped $3.09, or 3.6%, to $83.80 a barrel in electronic trading on Globex. Further losses can be expected.
U.S stock futures tumble after S&P downgrade. Dow Jones Industrial Average futures dropped 226 points, or 2%, to 11176, setting up the blue-chip index to extend last week's losses. Futures on the Standard & Poor’s 500 index dropped 28 points to 1,169.8. The Dow Jones Industrial Average fell 5.8% last week, worst performance since March 6, 2009. S&P 500 index fell 7.2% on the week, its worst since late in 2008. The NASDAQ finished the week down 8%, its worst since 2008.
Dollar falls
Dollar pared early losses against the yen and the euro after Fridays S&P downgrade. The U.S. dollar index traded at 74.223, down from 74.592 in North American trade late Friday. The dollar fell to 77.94 yen initially, before regaining some ground against the Japanese currency, trading at 78.235 yen compared with 78.40 late Friday. The euro slipped back to $1.4255 in recent action, down from $1.4269 late North American trading Friday.
Oil prices slide
Oil futures fell sharply on Monday after S&P downgrade. Crude oil for September delivery dropped $3.09, or 3.6%, to $83.80 a barrel in electronic trading on Globex. Further losses can be expected.
Daily market review by Linette Smith
August 5, 2011
Dollar drops
U.S dollar was lower versus major rivals after July employment report. The dollar index slipped to 74.939 to 75.o15. The greenback was fetching ¥78.50, weaker than the ¥79.02. The euro traded to $1.4168, down compared to $1.4184 prior to the report but still up from $1.4134 Thursday.
Wall Street set for higher open
U.S stock set for higher open on Friday after a better than expected payrolls report. S&P 500 futures rose 14.10 points and were above fair value. Dow Jones industrial average futures gained 106 points The Nasdaq composite is up 21, or 0.8 percent, at 2,577. Bank of America Corp added 0.5 percent to $8.87 in premarket trade.
Crude oil drops 4%
Oil prices extended losses to near $86 a barrel on Friday. Oil for September delivery was down 28 cents to $86.35 a barrel in electronic trading on the New York Mercantile Exchange. In London, Brent crude gained $1.20 at $108.45 per barrel on the ICE Futures exchange.
U.S dollar was lower versus major rivals after July employment report. The dollar index slipped to 74.939 to 75.o15. The greenback was fetching ¥78.50, weaker than the ¥79.02. The euro traded to $1.4168, down compared to $1.4184 prior to the report but still up from $1.4134 Thursday.
Wall Street set for higher open
U.S stock set for higher open on Friday after a better than expected payrolls report. S&P 500 futures rose 14.10 points and were above fair value. Dow Jones industrial average futures gained 106 points The Nasdaq composite is up 21, or 0.8 percent, at 2,577. Bank of America Corp added 0.5 percent to $8.87 in premarket trade.
Crude oil drops 4%
Oil prices extended losses to near $86 a barrel on Friday. Oil for September delivery was down 28 cents to $86.35 a barrel in electronic trading on the New York Mercantile Exchange. In London, Brent crude gained $1.20 at $108.45 per barrel on the ICE Futures exchange.
Daily market review by Linette Smith
August 4, 2011
Stock futures keep dropping
Stock futures keep dropping on Thursday after jobs data. Futures on the Dow Jones Industrial Average fell 102 points to 11,716 and Standard & Poor’s 500 index futures were down 12.70 points at 1,241.8. Kraft Foods Inc.’s shares jumped in the premarket after the food maker and Dow component announced a plan to split into two public companies. Nasdaq 100 futures dropped 20.50 points to 2,282.
Euro descend on Japan Intervention
Euro descends on Japan Intervention also fell against the dollar in early U.S trading. Late in Tokyo, the dollar surged to ¥79.56, gaining more than ¥2.5 from the greenback’s ¥77.04. The U.S. dollar index soared to 74.086 from 74.035 late Wednesday. The euro fell to $1.4168, down from $1.4225 before Trichet’s press conference and from $1.4318.
Gold pares gains on dollar
The Dollar Gold Price rose to $1671 per ounce Thursday. Silver Prices traded in a tight range around $41.70 per ounce – up 4.6% for the week so far. "It seems that investors hold gold in strong favor amid concerns of further debasement of fiat currencies," says a note from Swiss precious metals group MKS.
Stock futures keep dropping on Thursday after jobs data. Futures on the Dow Jones Industrial Average fell 102 points to 11,716 and Standard & Poor’s 500 index futures were down 12.70 points at 1,241.8. Kraft Foods Inc.’s shares jumped in the premarket after the food maker and Dow component announced a plan to split into two public companies. Nasdaq 100 futures dropped 20.50 points to 2,282.
Euro descend on Japan Intervention
Euro descends on Japan Intervention also fell against the dollar in early U.S trading. Late in Tokyo, the dollar surged to ¥79.56, gaining more than ¥2.5 from the greenback’s ¥77.04. The U.S. dollar index soared to 74.086 from 74.035 late Wednesday. The euro fell to $1.4168, down from $1.4225 before Trichet’s press conference and from $1.4318.
Gold pares gains on dollar
The Dollar Gold Price rose to $1671 per ounce Thursday. Silver Prices traded in a tight range around $41.70 per ounce – up 4.6% for the week so far. "It seems that investors hold gold in strong favor amid concerns of further debasement of fiat currencies," says a note from Swiss precious metals group MKS.
Daily market review by Linette Smith
August 3, 2011
Euro gains ground
Euro gained ground versus Swiss franc after Switzerland’s central bank cut its key lending rate. The euro traded at 1.1092 Swiss francs, a gain of 2.1% from Tuesday. The dollar changed hands at 77.68 centimes in recent action, up 1.5%. The euro stood at $1.4264 versus the dollar, up from $1.4196 late North American trade Tuesday.
U.S stock futures pointed gains
U.S stock futures pointed gains on Wednesday after ADP said companies added 114,000 workers to payrolls in July. Futures on the Dow Jones Industrial Average rose 46 points to 11,850 while, Standard & Poor’s 500 index rose 6.4 points to 1,253.70. Futures for the Nasdaq 100 index gained 10.75 points to 2,298.75.
Gold sets new record
Gold extends gains on Wednesday. Gold was up $8, or 0.5%, at $1,668.10 a troy ounce, after hitting a new high at $1,673.19 an ounce in early trade.
August 2, 2011
Wall Street opens lower
Wall Street opens lower as concerns grew about the economy's growth prospects. The Dow Jones industrial average dropped 0.41 percent, to 12,083.30. The Standard & Poor's 500 Index fell 0.56 percent, to 1,279.71. The Nasdaq Composite Index lost 0.60 percent, to 2,728.15. Amerigroup Corp.’s shares rose 5.2%. Radian Group Inc.’s shares jumped 16%. MetroPCS Communications Inc.’s shares dropped 24%.
Swiss soars on euro and dollar
Swiss hit a record high on the euro and dollar on Tuesday. The dollar index, which compares the U.S. unit against a basket of six currencies including the franc, yen and euro, rose to 74.419, up from 74.254. The euro dropped to an all-time low of 1.0984 Swiss francs. The Japanese yen also gained, with the dollar losing about 0.5% and the euro trading down 0.8%.
Oil drops
Oil futures were pushed higher and then lower on Tuesday. Crude for September delivery added 5 cents to $94.94 a barrel. It traded as high as $95.45 a barrel and as low as $93.75 a barrel.
TradersRoom
Daily market review by Linette Smith
August 1, 2011
Stock futures point higher
Stock futures pointed to gains of more than 1% on Monday. S&P 500 futures rose 16 points and were above fair value. Dow Jones industrial average futures soared 161 points, and Nasdaq 100 futures jumped 27.5 points. Gold fell 0.7 percent, while September crude futures climbed 1.8 percent. The dollar index traded at 73.927, from 73.846 in late trading Friday.
Oil pulls in more than 2%
Oil pulls in more than 2% gaining after lawmakers agreed on a deal to raise the nation’s debt ceiling. Crude for September delivery added $2.65, or 2.8%, to $98.36 a barrel. Oil settled at its lower level on Friday. Gasoline for September delivery adding 7 cents, or 2.4%, to $3.13 a gallon. September natural gas advanced 1.2% to 4.19 per million.
Gold retreats from record
Gold futures increase losses Monday. Gold futures for December delivery dropped 1%, to $1,615 an ounce. Gold futures pulled back from $1,631.20 an ounce. September silver declined 2.3%, to $39.23 an ounce.
August 1, 2011
Stock futures point higher
Stock futures pointed to gains of more than 1% on Monday. S&P 500 futures rose 16 points and were above fair value. Dow Jones industrial average futures soared 161 points, and Nasdaq 100 futures jumped 27.5 points. Gold fell 0.7 percent, while September crude futures climbed 1.8 percent. The dollar index traded at 73.927, from 73.846 in late trading Friday.
Oil pulls in more than 2%
Oil pulls in more than 2% gaining after lawmakers agreed on a deal to raise the nation’s debt ceiling. Crude for September delivery added $2.65, or 2.8%, to $98.36 a barrel. Oil settled at its lower level on Friday. Gasoline for September delivery adding 7 cents, or 2.4%, to $3.13 a gallon. September natural gas advanced 1.2% to 4.19 per million.
Gold retreats from record
Gold futures increase losses Monday. Gold futures for December delivery dropped 1%, to $1,615 an ounce. Gold futures pulled back from $1,631.20 an ounce. September silver declined 2.3%, to $39.23 an ounce.
Daily market review by Sam Roly
The dollar rose versus a basket of currencies on Thursday, benefiting from the euro’s inability to extend its gains through the $1.40 level.
The dollar extended gains after St. Louis Federal Reserve President James Bullard weighed in on the public debate about how the Federal Reserve should structure a quantitative easing program.
The British pound also headed back towards the lows of the day and the greenback turned up against the Canadian dollar.
U.S stocks rose modestly Thursday as a flood of encouraging corporate earnings reports overshadowed jitters over recent currency fluctuations.
The Dow Jones Industrial Average closed up 38.60 points, or 0.35%, at 11146.57, its highest close since May 3. Stocks rebounded in a late rally Thursday after Federal Reserve Bank of St. Louis President James Bullard suggested that the central bank could announce Treasury purchases in "small increments" at its November meeting.
Daily market review by Sam Roly
October 20th, 2010
U.S. stocks jumped Wednesday, erasing most of the previous day’s bruising losses as a positive outlook from the financial sector and a spate of strong earnings from airlines and other bellwethers gave investors reasons for optimism.
The Dow Jones Industrial Average gained 129.35 points, or 1.2%, to 11,107.97, while the Standard & Poor’s 500rose by 12.27 points to 1,178.18 and the NASDAQ Composite gained 20.44 points to 2,457.39.
Transport stocks also leapt, with the Dow Jones Transport Average gaining 2.2% after a trio of airlines reported strong earnings.
Oil jumps after inventories, Crude oil bounces back after a government report points to a smaller-than-expected rise in inventories.
Gold futures advanced Wednesday, recouping some of their plunge in the prior session, when China’s surprise hike in interest rates strengthened the U.S. dollar.
Daily market review by Sam Roly
October 18th, 2010
