April 8, 2011, 5:39 am
Dow +53.28 at 12433.33, Nasdaq +5.31 at 2785.75, S&P +4.76 at 1332.92
[] The Nasdaq has eased off of its opening gain, but the broader market has built on its opening bounce. Large-cap components like Apple (AAPL 333.41, -1.65) and Google (GOOG 573.97, -4.19) have hampered the Nasdaq Composite, but financial issues (+0.6%) have helped give a lift to the S&P 500.
Investment banks like Goldman Sachs (GS 162.48, +1.52) and diversified financial services plays like JPMorgan Chase (JPM 47.23, +0.39) are providing leadership to the financial sector. British banks are especially strong this morning, though. Specifically, Barclays (BCS 20.26, +0.84) is up more than 4%.
April 5, 2011, 10:13 am
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April 4, 2011, 8:52 pm
Headlines declare that the unemployment rate dropped again this past month. There were many experts who thought we would see a rise in unemployment. So perhaps the “seemingly” positive data was a main driver of the recent stock market rally in the face of not-so-strong economic data here in the States, the catastrophe in Japan and revolution in the Middle East.
It is true (I think?) that 216,000 jobs were added last month and that number does seem to be growing each month, but when I hear quotes of 8.8% as our national unemployment rate, I just cringe!
It pains me to see people get misled day in and day out. I know that in my own life I wish everyone I met would tell me the raw truth.
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April 4, 2011, 8:09 pm
Trading the forex market has recently gained huge popularity within the last few years as there is an increase in the precarious condition of the US economy. Traders all around the world are looking for ways to boost their income resources and most of them are taking resort to the forex market. The forex market is nothing but trading with currencies of the world. According to most investment experts, trading the forex market is a great investment opportunity as you may earn a lot and utilize the proceeds in paying off credit consolidation services. If you’re unaware of the benefits of the forex market and how it may help you earn huge revenues, you may learn from the concerns of this article.
- High liquidity of the forex market: Liquidity is perhaps the biggest thing that separates the forex market from other investment vehicles. A
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April 3, 2011, 11:38 am
After a slow start, the bulls have managed to push the major indexes higher despite some negative headwinds. Futures were pointing towards a lower open after another debt downgrade of Portugal and the bulls were looking weak after getting some disappointing economic news. Shortly after the bell, the ISM Services Index for March came in at 57.3 versus expectations for a print of 59.5.
The bears also threw a negative housing report, another interest rate increase in China and the kitchen sink at the bulls but it hasn’t worked today. The m
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April 3, 2011, 9:09 am
The bulls got off to a slow start as they let the bears take the early lead at the open. Futures were pointing towards a flat to slightly higher start but turned negative after our morning update. Economic news was light before the bell and some of the weakness at the start can be attributed to the S&P/CaseShiller Home Price Index which came in at 3.1% for January. The report showed home prices fell in 19 of the 20 largest U.S. cities tr
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