BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Japan Intervenes to Push Yen Lower; Nikkei Rallies]]>http://www.bloggingstocks.com/2010/09/15/japan-intervenes-to-push-yen-lower-nikkei-rallies/http://www.bloggingstocks.com/2010/09/15/japan-intervenes-to-push-yen-lower-nikkei-rallies/http://www.bloggingstocks.com/2010/09/15/japan-intervenes-to-push-yen-lower-nikkei-rallies/#commentsJapan finally intervened in foreign exchange markets for the first time since 2004 to stop the relentlessly rising yen, pushing it sharply lower. As a result, Japanese stocks surged over 2%, led by exporters.

Following Tuesday's win of Prime Minister Naoto Kan in a party vote, the yen set a fresh 15-year high. But a persistently rising yen -- it jumped more than 11% against the dollar so far this year through Tuesday -- is undermining Japan's fragile economic recovery, as it makes exports less competitive overseas. And Japan's economy is highly reliant on exports.

So far, Japan has only expressed verbal concern to try to affect the currency as the previous intervention in 2004 was expensive and its success still controversial. But on Wednesday, Japan confirmed it sold the yen in the market. The dollar rose more than 2% from below ¥83 to over ¥85. The euro, sterling and the Australian dollar also rose against the yen, though traders doubted Japan had bought anything but dollars for yen, Reuters reported.

Continue reading Japan Intervenes to Push Yen Lower; Nikkei Rallies

Japan Intervenes to Push Yen Lower; Nikkei Rallies originally appeared on BloggingStocks on Wed, 15 Sep 2010 06:15:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>currencyexchange marketsfeaturedinterventioninthenewsjapanyenyen dollarWed, 15 Sep 2010 06:15:00 EST<![CDATA[Google Faces Threats as Web Is Changing]]>http://www.bloggingstocks.com/2010/08/18/google-faces-threats-as-web-is-changing/http://www.bloggingstocks.com/2010/08/18/google-faces-threats-as-web-is-changing/http://www.bloggingstocks.com/2010/08/18/google-faces-threats-as-web-is-changing/#commentsFiled under: , ,

GoogleGoogle (GOOG) has been all over the news recently -- if it was the small acquisitions or the proposed net neutrality deal with Verizon (VZ). But perhaps more seriously are the different articles in the media about how the Web is changing and how that's going to affect the search engine giant.

The Web Is Dead. Long Live the Internet is the provocative title of a Wired article published Tuesday. Chris Anderson explains how we changed our habits from using the "wide-open Web to semiclosed platforms that use the Internet for transport but not the browser for display." Most importantly, he adds, "it's a world Google can't crawl."

Continue reading Google Faces Threats as Web Is Changing

Google Faces Threats as Web Is Changing originally appeared on BloggingStocks on Wed, 18 Aug 2010 12:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AndroidChris AndersonDavid OlivefacebookfeaturedGOOGGooglegrouponinternetinternet searchinthenewsMichael Wolffnet neutralitytwitterVerizonwebYahooYHOOWed, 18 Aug 2010 12:00:00 EST<![CDATA[Arena Shares Continue to Soar]]>http://www.bloggingstocks.com/2010/07/26/arena-shares-continue-to-soar/http://www.bloggingstocks.com/2010/07/26/arena-shares-continue-to-soar/http://www.bloggingstocks.com/2010/07/26/arena-shares-continue-to-soar/#commentsFiled under:

Arena Pharmaceuticals (ARNA), which soared over 10% in Monday morning trading, has set a new 52-week high of $6.75. Over the past month, Arena signed a licensing deal for its potential weight-loss drug, lorcaserin, with Japan's Eisai; released study results for the drug; and got a boost from a decision by a Food and Drug Administration panel on rival's Vivus (VVUS) drug. Arena's shares have more than doubled during that time.

The Eisai licensing deal is potentially worth about $1.3 billion. Meanwhile, the study results Arena released showed lorcaserin helped nearly half the patients lose 5% of their weight and improved their chances of keeping it off. Arena's drug did that while exhibiting a safer safety profile than either of its competitors' treatments: Vivus's Qnexa and Orexigen's (OREX) Contrave.

Continue reading Arena Shares Continue to Soar

Arena Shares Continue to Soar originally appeared on BloggingStocks on Mon, 26 Jul 2010 14:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>arenaarnaContraveinthenewslorcaserinobesityobesity drugsorexorexigenQnexavivusvvusweight lossweight loss drugsMon, 26 Jul 2010 14:30:00 EST<![CDATA[Stocks Surge on Earnings, Outlooks, Deals]]>http://www.bloggingstocks.com/2010/07/22/stocks-surge-on-earnings-outlooks-deals/http://www.bloggingstocks.com/2010/07/22/stocks-surge-on-earnings-outlooks-deals/http://www.bloggingstocks.com/2010/07/22/stocks-surge-on-earnings-outlooks-deals/#commentsFiled under: , , , , , , ,

U.S. stocks surged Thursday morning following yet another strong batch of earnings, and despite several weak economic indicators. The Dow Jones industrial average rose about 200 points, or 2%, while the Nasdaq composite jumped 2.3% and the S&P 500 soared 2.1% by noon trading. And stocks were even higher earlier.

Earnings results continued to impress Wall Street. This morning, such heavy weights as Caterpillar (CAT), 3M (MMM), UPS (UPS) and AT&T (T) all topped earnings estimates and raised their outlooks. Shares of all four were generally higher in morning trade. Meanwhile, General Motors said it is acquiring auto financier AmeriCredit (ACF) for $3.5 billion.

Continue reading Stocks Surge on Earnings, Outlooks, Deals

Stocks Surge on Earnings, Outlooks, Deals originally appeared on BloggingStocks on Thu, 22 Jul 2010 12:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>acfinthenewsstocks surgeThu, 22 Jul 2010 12:10:00 EST<![CDATA[Apple Shares Slide Ahead of iPhone 4 Conference]]>http://www.bloggingstocks.com/2010/07/16/apple-iphone-4-press-conference/http://www.bloggingstocks.com/2010/07/16/apple-iphone-4-press-conference/http://www.bloggingstocks.com/2010/07/16/apple-iphone-4-press-conference/#commentsFiled under: ,

Since hitting a high of $279.01 on June 21, Apple shares have dropped over 7.7% to close Thursday at $251.45. This morning, ahead of its iPhone 4 press conference, Apple shares fell 0.7% by noon trading. The iPhone 4, which was to be yet another smashing success has become a somewhat sore issue. While at first sales of the new phone once again blew past expectations, reports of bad reception and dropped calls immediately tarnished the new must-have gadget.

But "antennagate," as it's been dubbed, just began, especially with Apple's response to consumers: avoid gripping the phone in the lower-left corner. Consumer Reports then said it can't recommend the iPhone 4 after tests by its engineers confirmed that the device does indeed have reception problems. And Bloomberg reported that a a senior antenna engineer named Ruben Caballero personally raised concerns about the design to Jobs.

So Apple then announced it will hold a press conference at 10 AM Pacific time on Friday. That's in two hours. What to expect?

Continue reading Apple Shares Slide Ahead of iPhone 4 Conference

Apple Shares Slide Ahead of iPhone 4 Conference originally appeared on BloggingStocks on Fri, 16 Jul 2010 10:45:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>aaplantennaantennagateinthenewsiphoneiphone 4Fri, 16 Jul 2010 10:45:00 EST<![CDATA[BP Shares Climb on Reports of Asset Sale; Oil Spill Costs Climb Too]]>http://www.bloggingstocks.com/2010/07/12/bp-shares-climb-on-reports-of-asset-sale-oil-spill-costs-climb/http://www.bloggingstocks.com/2010/07/12/bp-shares-climb-on-reports-of-asset-sale-oil-spill-costs-climb/http://www.bloggingstocks.com/2010/07/12/bp-shares-climb-on-reports-of-asset-sale-oil-spill-costs-climb/#commentsFiled under: , ,

BP (BP) shares opened up over 4%. The Wall Street Journal reported the oil giant is in talks with U.S. oil and gas company Apache (APA) and other companies over potential asset sales. The talks are part of the steps BP is taking as it is considering how to pay for the massive oil spill in the Gulf of Mexico.

The Sunday Times earlier reported that BP is in talks to sell up to $12 billion of assets to Apache. The WSJ said on Sunday a deal with Apache could be up to $10 billion and could include stakes in BP's Alaskan oil fields. The Times also mentioned that the Obama administration told Exxon Mobil (XOM) it wouldn't interfere with a bid.

Continue reading BP Shares Climb on Reports of Asset Sale; Oil Spill Costs Climb Too

BP Shares Climb on Reports of Asset Sale; Oil Spill Costs Climb Too originally appeared on BloggingStocks on Mon, 12 Jul 2010 10:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>apaapachebpdeepwater horizonExxonfeaturedinthenewsoil spilloil spill cleanup costsXOMMon, 12 Jul 2010 10:00:00 EST<![CDATA[BP Shares Rally on Takeover Scenarios]]>http://www.bloggingstocks.com/2010/06/30/bp-rallies-on-takeover-scenarios/http://www.bloggingstocks.com/2010/06/30/bp-rallies-on-takeover-scenarios/http://www.bloggingstocks.com/2010/06/30/bp-rallies-on-takeover-scenarios/#commentsFiled under: , ,

BP logoBP (BP) shares rallied Wednesday morning after a JPMorgan analyst evaluated a takeover scenario. Shares rose as much as 9% in London, but have cooled off since, up over 5.5% in London. BP ADRs opened over 4% on the NYSE.

BP's stock price has lost about half its value, or about $100 billion in market cap, since the Deepwater Horizon rig exploded on April 20, killing 11 of its crew and creating a massive oil spill in the Gulf of Mexico.

Continue reading BP Shares Rally on Takeover Scenarios

BP Shares Rally on Takeover Scenarios originally appeared on BloggingStocks on Wed, 30 Jun 2010 11:15:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>BPBP takeover rumorsfeaturedFred Lucasinthenewsoil spillWed, 30 Jun 2010 11:15:00 EST<![CDATA[Wall Street Ignoring Big Pharma -- Should You?]]>http://www.bloggingstocks.com/2010/06/28/wall-street-ingoring-big-pharma-should-you/http://www.bloggingstocks.com/2010/06/28/wall-street-ingoring-big-pharma-should-you/http://www.bloggingstocks.com/2010/06/28/wall-street-ingoring-big-pharma-should-you/#commentsFiled under: , , , ,

In its weekend edition, Barron's Andrew Bary wonders whether Big Pharma's punishment on Wall Street has gone too far. The sector has fallen out of favor with Wall Street and now has one of the lowest price/earnings ratios of any major sector of the stock market, Bary writes.

Investors are staying away from the large pharmaceutical companies ahead of their looming patent cliff, when blockbuster drugs like Lipitor, Plavix and Singulair lose patent protection and lose most of the sales from these drugs to generics. Investors also fear the companies don't have enough new drugs in the pipeline to make up for the lost sales, which could mean big hits to earnings.

But when the Street writes off one of the world's most important industries and with valuations at all-time lows, investors ought to take notice, Bary says. Especially when the average dividend yield of the big drugmakers is 4.8%.

Continue reading Wall Street Ignoring Big Pharma -- Should You?

Wall Street Ignoring Big Pharma -- Should You? originally appeared on BloggingStocks on Mon, 28 Jun 2010 14:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>aznbig pharmabmyfeaturedgskinthenewsllymrknvspatent cliffpfepharmaceuticalsrhhbysnyMon, 28 Jun 2010 14:30:00 EST<![CDATA[Pfizer -- Buy While Still Down?]]>http://www.bloggingstocks.com/2010/06/23/pfizer-buy-while-still-down/http://www.bloggingstocks.com/2010/06/23/pfizer-buy-while-still-down/http://www.bloggingstocks.com/2010/06/23/pfizer-buy-while-still-down/#commentsFiled under: ,

Pfizer PFE logo"In the $780 billion global pharmaceutical industry, the world's largest drugmaker, Pfizer (PFE), stands out above its peers," Gene Marcial recently wrote on DailyFinance. "Why then does its stock look uninspired?" he asks.

His question is echoed today by Matthew Harper of Forbes: "Pfizer shares have dropped almost 25% from their peak in January. The steady decline continued even as Pfizer presented strong evidence for a lung cancer drug at a medical meeting this month."

Continue reading Pfizer -- Buy While Still Down?

Pfizer -- Buy While Still Down? originally appeared on BloggingStocks on Wed, 23 Jun 2010 12:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredGene MarcialinthenewsLipitorMatthew HarperPFEPfizerPfizer a buyquantsWed, 23 Jun 2010 12:40:00 EST<![CDATA[Analysts Upgrade BP to Buy?]]>http://www.bloggingstocks.com/2010/06/17/bp-upgraded-to-buy/http://www.bloggingstocks.com/2010/06/17/bp-upgraded-to-buy/http://www.bloggingstocks.com/2010/06/17/bp-upgraded-to-buy/#commentsFiled under: , ,

After calls from a U.S. congressman for BP (BP) executives to commit hara-kiri and following President Obama's successful pressure on the company to set up a $20 billion escrow account, cancel $7.8 billion in dividend and sell $10 billion assets, a few analysts decided it couldn't get any worse and upgraded the oil giant shares to buy.

It's been nearly two months since BP's Deepwater Horizon rig exploded in the Gulf of Mexico, causing a massive oil spill -- that's still hasn't been resolved -- and the worst environmental disaster in U.S. history. Shares of the company were nearly halved as the cleanup cost estimates have swelled.

And as the agreements with Obama lifted some of the uncertainty, triggering a relief rally, some analysts also opted to upgrade BP shares.

Continue reading Analysts Upgrade BP to Buy?

Analysts Upgrade BP to Buy? originally appeared on BloggingStocks on Thu, 17 Jun 2010 10:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>analystBank of America Merrill LynchbpCollins StewartCreditSightsdeepwater horizondowngradeEvolution Securitiesfeaturedgulf of mexicointhenewsoil spillSeymour PierceupgradeThu, 17 Jun 2010 10:00:00 EST<![CDATA[Covidien Acquiring Somanetics to Expand Medican Devices]]>http://www.bloggingstocks.com/2010/06/16/covidien-acquiring-somanetics/http://www.bloggingstocks.com/2010/06/16/covidien-acquiring-somanetics/http://www.bloggingstocks.com/2010/06/16/covidien-acquiring-somanetics/#commentsFiled under:

Somanetics (SMTS) was the most advancing stock in the Nasdaq Wednesday morning, with shares up more than 31%, or nearly $6 to $24.85. Shares reacted to news that Covidien (COV) is buying Somanetics, acquiring all of the outstanding shares of Somanetics for $25.00 per share in cash, a 32% premium to Tuesday's close. Covidien will pay a total of $250 million, for a total transaction value of approximately $300 million.

Covidien, a drug and medical devices maker, is already the distributor for Somanetics' noninvasive diagnostic equipment called INVOS (In-Vivo Optical Spectroscopy) Cerebral/Somatic Oximeter in Europe, the Middle East and Africa. INVOS monitors patients and continuously measures blood oxygen levels in the brain and in the body to help detect and correct complications.

Continue reading Covidien Acquiring Somanetics to Expand Medican Devices

Covidien Acquiring Somanetics to Expand Medican Devices originally appeared on BloggingStocks on Wed, 16 Jun 2010 14:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>covcovidiendealsev3evvvinthenewsinvosmergersmtssomaneticsWed, 16 Jun 2010 14:00:00 EST<![CDATA[Before the Bell: Futures Higher on China Exports; Ahead of Data]]>http://www.bloggingstocks.com/2010/06/10/before-the-bell-futures-higher-on-china-exports-ahead-of-data/http://www.bloggingstocks.com/2010/06/10/before-the-bell-futures-higher-on-china-exports-ahead-of-data/http://www.bloggingstocks.com/2010/06/10/before-the-bell-futures-higher-on-china-exports-ahead-of-data/#commentsFiled under: , , , , , ,

U.S. stock market futures advanced higher on Thursday as stocks seem set to rebound from the declines triggered by the energy sector Wednesday. Thursday, stocks got a boost from strong Chinese export data and as both European Central Bank and as Bank of England kept interest rates unchanged as traders awaited U.S. data on labor and trade balance.

Overseas, Asian and European markets rose after China said exports rose 48.5% in May, while imports jumped 48.3% last month. As concerns mounted that Europe and its sovereign debt problems would hamper global recovery, these figures provided relief to markets. Meanwhile, the euro rose as the European Central Bank said it is leaving its key interest rate unchanged at 1%. The Bank of England also left its base interest rate at a record low of 0.5% as the economic recovery remains fragile.

Continue reading Before the Bell: Futures Higher on China Exports; Ahead of Data

Before the Bell: Futures Higher on China Exports; Ahead of Data originally appeared on BloggingStocks on Thu, 10 Jun 2010 08:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>ubsThu, 10 Jun 2010 08:30:00 EST<![CDATA[Before the Bell: Futures Higher Ahead of Fed Beige Book]]>http://www.bloggingstocks.com/2010/06/09/before-the-bell-futures-higher-ahead-of-fed-beige-book/http://www.bloggingstocks.com/2010/06/09/before-the-bell-futures-higher-ahead-of-fed-beige-book/http://www.bloggingstocks.com/2010/06/09/before-the-bell-futures-higher-ahead-of-fed-beige-book/#commentsFiled under: , , , , , , , , ,

U.S. stock futures edged higher Wednesday morning as concerns about a global recovery eased somewhat following Chinese export data. Investors await the Federal Reserve Beige Book about the economy to be released this afternoon as they hope to extend Tuesday's late stage rally.

Overseas, world stock markets reversed course after a weak start Wednesday amid news the state-owned Agricultural Bank of China is readying a record-breaking initial public offering that is expected to raise between $23 billion and $30 billion. Also, Chinese exports jumped about 50% in May from a year earlier, sources told Reuters. Shanghai Composite Index advanced 2.8%. European shares were generally higher as well.

Continue reading Before the Bell: Futures Higher Ahead of Fed Beige Book

Before the Bell: Futures Higher Ahead of Fed Beige Book originally appeared on BloggingStocks on Wed, 09 Jun 2010 08:43:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Wed, 09 Jun 2010 08:43:00 EST<![CDATA[Before the Bell: Futures Point to Lower Start on Economic Concerns]]>http://www.bloggingstocks.com/2010/06/01/before-the-bell-futures-point-to-lower-start-on-economic-concer/http://www.bloggingstocks.com/2010/06/01/before-the-bell-futures-point-to-lower-start-on-economic-concer/http://www.bloggingstocks.com/2010/06/01/before-the-bell-futures-point-to-lower-start-on-economic-concer/#commentsFiled under: , , , , , ,

U.S. stock futures fell sharply Tuesday morning, indicating a continuation of one of the worst Mays on record. This morning, investors are digesting several worrisome news on top of the ongoing concerns over eurozone sovereign debt and global economic recovery. BP's failed "top-kill" operation, disagreements between American International Group and Prudential over the sale of AIG's Asian arm, and Hewlett-Packard's job cuts are a few of the more disconcerting headlines.

World stocks fell Tuesday amid similar concerns, enhanced by a report that showed Chinese manufacturing slowed in May, underlining Asian manufacturers and exporters remain vulnerable to waning of demand in Europe and elsewhere. Shares in Asia closed lower, with Japan's Nikkei 225 down 0.6% and Hong Kong's Hang Seng falling 1.4%.

Continue reading Before the Bell: Futures Point to Lower Start on Economic Concerns

Before the Bell: Futures Point to Lower Start on Economic Concerns originally appeared on BloggingStocks on Tue, 01 Jun 2010 08:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>pukTue, 01 Jun 2010 08:30:00 EST<![CDATA[Before the Bell: Futures Indicate Higher Open Ahead of Data]]>http://www.bloggingstocks.com/2010/05/28/before-the-bell-futures-indicate-higher-open-ahead-of-data/http://www.bloggingstocks.com/2010/05/28/before-the-bell-futures-indicate-higher-open-ahead-of-data/http://www.bloggingstocks.com/2010/05/28/before-the-bell-futures-indicate-higher-open-ahead-of-data/#commentsFiled under: , , , , , ,

U.S. stock futures edged higher Friday, as bargain hunters continue to seek oversold stocks. With concerns over eurozone debt woes receding and improved confidence about global economic outlook, investors await several economic indicators due out this morning.

U.S. stocks rallied Thursday after China denied it was going looking into its eurozone debt holdings. Market climbed from nine-month low as the Dow Jones Industrial Average surged 284 points, or 2.9%, and the Nasdaq Composite finished the day 3.7% higher. For May, however, the Dow is still 6.8% lower.

Continue reading Before the Bell: Futures Indicate Higher Open Ahead of Data

Before the Bell: Futures Indicate Higher Open Ahead of Data originally appeared on BloggingStocks on Fri, 28 May 2010 08:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredgespukFri, 28 May 2010 08:30:00 EST<![CDATA[Before the Bell: Futures Point to a Significantly Higher Open]]>http://www.bloggingstocks.com/2010/05/27/before-the-bell-futures-point-to-a-significantly-higher-open/http://www.bloggingstocks.com/2010/05/27/before-the-bell-futures-point-to-a-significantly-higher-open/http://www.bloggingstocks.com/2010/05/27/before-the-bell-futures-point-to-a-significantly-higher-open/#commentsFiled under: , , , , , ,

U.S. stock market futures were sharply higher on Thursday, pointing to a rise of some 2% at the open, after China denied a report it was considering cutting its exposure to European debt and continue to hold onto the bonds for now. Meanwhile, investors also await weekly employment data and GDP figures.

A report in the Financial Times that Beijing was concerned about its exposure to European debt and was considering selling holdings helped push markets lower despite some upbeat economic news. But the denial by the People's Bank of China turned things around and stocks around the world rebounded with Asian markets closing higher Thursday and European markets up significantly.

Continue reading Before the Bell: Futures Point to a Significantly Higher Open

Before the Bell: Futures Point to a Significantly Higher Open originally appeared on BloggingStocks on Thu, 27 May 2010 08:25:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Thu, 27 May 2010 08:25:00 EST<![CDATA[Before the Bell: Futures Point to Rebound Ahead of Housing, Durable Goods Data]]>http://www.bloggingstocks.com/2010/05/26/before-the-bell-futures-point-to-rebound-ahead-of-housing-dura/http://www.bloggingstocks.com/2010/05/26/before-the-bell-futures-point-to-rebound-ahead-of-housing-dura/http://www.bloggingstocks.com/2010/05/26/before-the-bell-futures-point-to-rebound-ahead-of-housing-dura/#commentsFiled under: , , , , , , ,

U.S. stock futures advanced convincingly higher Wednesday morning following the steep selloff of the past few days. This morning, investors will focus on data, including on durable goods and housing, as concerns over global economic outlook eased somewhat and and global markets stabilized.

World stock markets rebounded Wednesday following steep losses the previous day, but sentiment remained fragile amid fears Europe's debt crisis could hamper global economic growth. U.S. Treasury Secretary Timothy Geithner flew to Europe to press for united action to tackle the region's deepening debt crisis. The European Union's top financial chief is proposing that banks should pay a levy to help pay for future bailouts, to ease the burden of multibillion euro (dollar) rescues on taxpayers.

Continue reading Before the Bell: Futures Point to Rebound Ahead of Housing, Durable Goods Data

Before the Bell: Futures Point to Rebound Ahead of Housing, Durable Goods Data originally appeared on BloggingStocks on Wed, 26 May 2010 08:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Wed, 26 May 2010 08:30:00 EST<![CDATA[Before the Bell: Futures Drop Sharply; Dow Could Lose 10,000 Level]]>http://www.bloggingstocks.com/2010/05/25/before-the-bell-futures-drop-sharply-dow-could-lose-10-000-lev/http://www.bloggingstocks.com/2010/05/25/before-the-bell-futures-drop-sharply-dow-could-lose-10-000-lev/http://www.bloggingstocks.com/2010/05/25/before-the-bell-futures-drop-sharply-dow-could-lose-10-000-lev/#commentsFiled under: , , , , , , ,

U.S. stocks market futures fell sharply again Tuesday morning, around 2.5% for the major indices' futures, indicating stocks are set for a big sell off that will take the Dow Jones Industrial Average index back below the 10,000 level. Already nearing 9-month lows, markets were set to begin the session lower as a combination of North Korea military action threats against the South and more Spanish banks woes further shook investors' confidence.

South Korean monitors said that Kim Jong Il last week ordered the military to get ready for combat. South Korean officials could not immediately confirm the report and the Defense Ministry and the Joint Chiefs of Staff said they have not obtained any signs suggesting unusual activity by North Korea's military. But that was enough to send South Korea's market down 2.8%. Other Asian markets followed suit with Japan's Nikkei 225 stock average shedding 3.1%, Hong Kong's Hang Seng index falling 3.3%, and other markets dropping 2% to 3% or more.

Continue reading Before the Bell: Futures Drop Sharply; Dow Could Lose 10,000 Level

Before the Bell: Futures Drop Sharply; Dow Could Lose 10,000 Level originally appeared on BloggingStocks on Tue, 25 May 2010 08:25:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>pvhTue, 25 May 2010 08:25:00 EST<![CDATA[Before the Bell: Futures Decline, Pointing to Lower Open]]>http://www.bloggingstocks.com/2010/05/24/before-the-bell-futures-decline-pointing-to-lower-open/http://www.bloggingstocks.com/2010/05/24/before-the-bell-futures-decline-pointing-to-lower-open/http://www.bloggingstocks.com/2010/05/24/before-the-bell-futures-decline-pointing-to-lower-open/#commentsFiled under: , , , , , , ,

U.S. stock market futures were lower once again Monday, indicating stocks may decline at the open, extending last week's losses. Major indices were down some 4%-5% last week despite Friday's strength. This week, investors are still worried about global growth and economic outlook, especially as concerns over European debt woes persisted. Housing data due out later in the morning is also in focus.

Attention once again was turned to European debt after on Saturday the Bank of Spain said it had to step in to bail out a regional savings bank. The euro fell against the dollar on the news after recovering somewhat late last week from the four-year low it set Wednesday.

Continue reading Before the Bell: Futures Decline, Pointing to Lower Open

Before the Bell: Futures Decline, Pointing to Lower Open originally appeared on BloggingStocks on Mon, 24 May 2010 08:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Mon, 24 May 2010 08:20:00 EST<![CDATA[Before the Bell: Futures Indicate Wall Street Could Extend Slump]]>http://www.bloggingstocks.com/2010/05/21/before-the-bell-futures-indicate-wall-street-could-extend-slump/http://www.bloggingstocks.com/2010/05/21/before-the-bell-futures-indicate-wall-street-could-extend-slump/http://www.bloggingstocks.com/2010/05/21/before-the-bell-futures-indicate-wall-street-could-extend-slump/#commentsFiled under: , , , , ,

It seems that Thursday's market beating into correction territory wasn't enough and Wall Street is preparing itself for yet another down day. U.S. stock futures again declined Friday, indicating markets are ready to fall even further at the open as worries over European debt, financial regulation and economic growth persist.

On Thursday, Chicago Board Options Exchange Volatility (VIX) -- the so called 'fear index' -- jumped 29.6% to close at 45.79, the highest level since April 2009.

Continue reading Before the Bell: Futures Indicate Wall Street Could Extend Slump

Before the Bell: Futures Indicate Wall Street Could Extend Slump originally appeared on BloggingStocks on Fri, 21 May 2010 08:35:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredFri, 21 May 2010 08:35:00 EST