Wall Street's obsessive concern with the Euro debt crisis continued to shape results this week;nor is any change in the offing.Even though U.S. banks actually have only limited exposure to Europe,traders think they will suffer greatly from European failures.In the end,it's what traders perceive that determines market direction.
Optimism about the crisis was the prevailing wind by the end of the week as Euro-zone finance ministers approved of the next round of aid to Greece and a series of European Union summits will be held beginning Sunday.For the week,the Dow gained 1.41,while the NASDAQ lost 1.14 and the S&P rose 1.12.Decent earnings reports from Honeywell,GE and Microsoft also gave the broader market a final nudge upward.GE stock declined for its manufacturing results,but the company did issue a positive outlook and a satisfactory overall report,which helped stem any sell-off tendency.
Next week,the results of the EU summits may be all-consuming.Any hint of failure would seem likely to derail equities,and EU success could ignite a major rally.
The S&P futures were up strongly Friday evening,rising 25.25,and bond index futures fell.
At the Children's Miracle Network Hospitals Classic at Lake Buena Vista,Florida,a three-way tie for the lead occurred among American Justin Leonard;Swede Henrik Stenson;and South Korean Bio Kim,all coming in at 12 under par.Leonard,39,has scored 12 career PGA Tour wins and more than 30 million dollars in career earnings.
General Electric(GE),Honeywell(HON),Microsoft(MSFT)
Friday, October 21, 2011
Friday, October 14, 2011
Market Has Excellent Week
The stock market excelled this week,with all industry groups coming out ahead as Europe was relatively quiet and Google reported strong quarterly results.For the week,the Dow was up 4.88,while the NASDAQ surged 7.60 and the S&P added 5.98%.On the year,however,the broadly based S&P remains down 2.63.Volume was light this week,showing a lack of conviction behind the good numbers.
Excelling on the PGA Champion's Tour of senior golf pros this year is American Tom Lehman,who tops the Charles Schwab Cup point standings.Lehman has three wins and 11 top ten finishes so far this season,which ends in three weeks in San Francisco.This week,the Tour is at the AT&T Championship at TPC San Antonio's Canyon Course.Fred Couples and Steve Lowery led the field with first round seven under par 65s on a hot,dry Friday.
Next week's financial calendar bulges with data and blue chip earnings.The Empire State and Philly Fed reports,together with housing data and earnings submissions by IBM,Goldman Sachs,Apple,Intel and American Express,will keep the analysts busy all week.
The S&P futures climbed a substantial 21.30 Friday evening,while longer maturity bond index futures declined.
Google(GOOG)
Excelling on the PGA Champion's Tour of senior golf pros this year is American Tom Lehman,who tops the Charles Schwab Cup point standings.Lehman has three wins and 11 top ten finishes so far this season,which ends in three weeks in San Francisco.This week,the Tour is at the AT&T Championship at TPC San Antonio's Canyon Course.Fred Couples and Steve Lowery led the field with first round seven under par 65s on a hot,dry Friday.
Next week's financial calendar bulges with data and blue chip earnings.The Empire State and Philly Fed reports,together with housing data and earnings submissions by IBM,Goldman Sachs,Apple,Intel and American Express,will keep the analysts busy all week.
The S&P futures climbed a substantial 21.30 Friday evening,while longer maturity bond index futures declined.
Google(GOOG)
Friday, October 7, 2011
Labor Market Steady,Choppy Trading Persists
The stock market ended slightly higher for the week as neither the foreign nor domestic economies showed any decisive moves.The September employment report was stagnant,with a steady jobless rate of 9.1,and Europe watched expectantly for results of a weekend summit between French President Nicolas Sarkozy and German Chancellor Angela Merkel.For the week,the Dow rose 1.7%,while the NASDAQ gained 2.7 and the S&P added 2.1.
Next week,earnings season begins with Alcoa reporting its results on Tuesday.On Wednesday,PepsiCo reports,and JP Morgan Chase and Google issue their marks on Thursday.Friday will see the release of retail sales and consumer sentiment numbers.
The market will be open on Monday,Columbus Day.The S&P futures pointed down on Friday evening,losing 2.70,and bond index futures also declined as gold gained 17.40 to close at 1634.50 an ounce.
In the PGA's Fall Series,England's Paul Casey shot an exceptional second round eight under par 64 to take the lead at the Frys.com Open at CordeValle Golf Club in San Martin,California.He was followed by American Bud Cauley and South African veteran Ernie Els at seven under.
Alcoa(AA),PepsiCo(PEP),JP Morgan Chase(JPM),Google(GOOG)
Next week,earnings season begins with Alcoa reporting its results on Tuesday.On Wednesday,PepsiCo reports,and JP Morgan Chase and Google issue their marks on Thursday.Friday will see the release of retail sales and consumer sentiment numbers.
The market will be open on Monday,Columbus Day.The S&P futures pointed down on Friday evening,losing 2.70,and bond index futures also declined as gold gained 17.40 to close at 1634.50 an ounce.
In the PGA's Fall Series,England's Paul Casey shot an exceptional second round eight under par 64 to take the lead at the Frys.com Open at CordeValle Golf Club in San Martin,California.He was followed by American Bud Cauley and South African veteran Ernie Els at seven under.
Alcoa(AA),PepsiCo(PEP),JP Morgan Chase(JPM),Google(GOOG)
Friday, September 30, 2011
Poor Market Quarter Ends;MLB Playoffs Begin
The stock market was racked by massive volatility in the just-ended Q3.The CBOE VIX Volatility Index soared an amazing 159.32% over the the three months as investors fretted over debt fears both at home and abroad and consumers faced escalating food and health care costs,while gas remained stubbornly over 3.00 a gallon even though the summer driving season has come to an end.For the quarter,the Dow lost 12.1%,while the NASDAQ fell 12.91 and the S&P plummeted 14.1.
This financial gloom was relieved by an entertaining close to the Major League Baseball season-unless you are a Boston Red Sox or Atlanta Braves fan.Both teams created a lot of excitement as they dragged the wild card race out to the very end,both succumbing to ineptitude under pressure in the end.The Tampa Bay Rays and St.Louis Cardinals rallied into the playoffs instead,which began late Friday afternoon as the Rays clocked the Texas Rangers 9-0 in the American League Division Series.Rays catcher Kelly Shoppach hit two homers in the first game of the best of five series.The New York Yankees and the Detroit Tigers were tied 1-1 in the other American League match-up when the game was suspended for rain.They will resume play Saturday night.
Next week,the market will deal with manufacturing and service sector reports from the Institute for Supply Management,as well as Friday's unemployment numbers and continuing European drama.The S&P futures were having none of it Friday evening,cratering a further 30.30,while bond index futures rose.
This financial gloom was relieved by an entertaining close to the Major League Baseball season-unless you are a Boston Red Sox or Atlanta Braves fan.Both teams created a lot of excitement as they dragged the wild card race out to the very end,both succumbing to ineptitude under pressure in the end.The Tampa Bay Rays and St.Louis Cardinals rallied into the playoffs instead,which began late Friday afternoon as the Rays clocked the Texas Rangers 9-0 in the American League Division Series.Rays catcher Kelly Shoppach hit two homers in the first game of the best of five series.The New York Yankees and the Detroit Tigers were tied 1-1 in the other American League match-up when the game was suspended for rain.They will resume play Saturday night.
Next week,the market will deal with manufacturing and service sector reports from the Institute for Supply Management,as well as Friday's unemployment numbers and continuing European drama.The S&P futures were having none of it Friday evening,cratering a further 30.30,while bond index futures rose.
Friday, September 23, 2011
Kim Delaney:A Mysterious Moment
Actress Kim Delaney had a rough night in her native Philadelphia,speaking at a tribute to former Defense Secretary Robert Gates.The teleprompter with her speech on it didn't work and she tried to improvise.This was deemed inapporpriate as it seemed to bother the audience.
The question is,was she just being creative or had she had too much alcohol,as she has done in the past?Some say she looked disheveled,but isn't that the latest style?When you're dealing with an artist,it's hard to say.
Kim Delaney ended up fascinating the media,but it isn't yet clear how the wider public will react to this episode.
There was no doubt about the stock market this week.It was the worst week since the financial crisis in 2008.The S&P was clipped by 6.54,while the Dow plunged 6.41 and the NASDAQ dove 5.30.
Gold futures caved 101.70,ending at 1637.30 an ounce.Traders were selling commodities off to make up for stock losses.Oil futures declined also,losing 0.66 to close at 79.85 a barrel.
The S&P futures were recovering by Friday evening.They hinted a 6.30 advance at Monday's opening bell.
Australian golfer Adam Scott scored a superb second round 8 under par 65 to earn the lead at the TOUR Championship by Coca-Cola,held at East Lake Golf Club in Atlanta.South Korea's K.J. Choi shot a slightly lesser 7 under par 65 for second position at this final leg of the PGA Playoffs for the FedEx Cup.
The question is,was she just being creative or had she had too much alcohol,as she has done in the past?Some say she looked disheveled,but isn't that the latest style?When you're dealing with an artist,it's hard to say.
Kim Delaney ended up fascinating the media,but it isn't yet clear how the wider public will react to this episode.
There was no doubt about the stock market this week.It was the worst week since the financial crisis in 2008.The S&P was clipped by 6.54,while the Dow plunged 6.41 and the NASDAQ dove 5.30.
Gold futures caved 101.70,ending at 1637.30 an ounce.Traders were selling commodities off to make up for stock losses.Oil futures declined also,losing 0.66 to close at 79.85 a barrel.
The S&P futures were recovering by Friday evening.They hinted a 6.30 advance at Monday's opening bell.
Australian golfer Adam Scott scored a superb second round 8 under par 65 to earn the lead at the TOUR Championship by Coca-Cola,held at East Lake Golf Club in Atlanta.South Korea's K.J. Choi shot a slightly lesser 7 under par 65 for second position at this final leg of the PGA Playoffs for the FedEx Cup.
Kim Delaney Booted Off Stage at Liberty Medal Award Ceremony
Kim Delaney Booted Off Stage at Liberty Medal Award Ceremony: What’s wrong with Kim Delaney? The star of Lifetime’s “Army Wives” was kicked off stage at Philadelphia’s National Constitution Center Thursday night after delivering an inappropriate and at times incomprehensible speech at the Liberty Medal Award presentation to former defense secretary Robert Gates. Delaney stumbled to...
Friday, September 16, 2011
Minnesota Wilderness Still Burning
The Pagami Creek Fire remained in Active status Friday night on Superior National Forest,Minnesota.The wildland fire incident began on 18 August as a result of a lightning strike.It is primarily a creeping and smoldering fire,with some heavier burning in the interior.The fire has been 8% contained.It is approximately 100,000 acres in size.
Evacuations remain in effect for Lake and Cook Counties.The fire's potential for growth is Medium in the highly difficult terrain.Participating in the effort are 436 personnel;7 helicopters-four of them National Guard Black Hawks-and 8 fixed wing aircraft.Canadian aircraft have been assisting in the wildland firefighting.Ontario's Quetico Provincial Park is nearby.
Significant progress has been made in Division A of the fire,which has been brought down to the mopping up phase.Several roads in the incident area remain closed and campfires are prohibited,though recreational access is still possible at several entry points.It is a renowned site for backwoods canoeing.
The stock market had its best week since July,with five straight days of gains based on a vigorous effort by European leaders to contain the debt crisis.The S&P futures were up 7.50 on Friday evening,hinting at another positive move on Monday morning.
Barnes&Noble,the nation's last chain store bookseller,won an auction for the liquidated Borders website and brand name,sending the stock up a couple of percent.
Englishman Justin Rose and American Mark Wilson are tied for the lead at the BMW Championship,the third leg of the PGA Tour Playoffs for the FedEx Cup near Chicago.At the Navistar LPGA Classic in Prattville,Alabama,American Alexis Thompson tops the leader board,followed by compatriot Stacy Lewis and Becky Morgan of Wales,who are tied for second.The beneficiary of this year's tournament is the Wounded Warrior Project.
Barnes&Noble(BKS)
Wildland Fire Update:By Saturday evening,the Pagami Creek Fire on Superior National Forest was 11% contained.The number of personnel involved had risen to 565.A Canadian liaison had arrived and will remain at the incident.
Closures and evacuations remained in effect.The fire was primarily creeping and smoldering within the interior,with occasional torching of individual trees as well as groups in the increased S winds and very dry fuel conditions.
Division C of the fire had been placed in the mop up category along with Division A.Aircraft were extensively used to hold unstaffed Divisions in light of the more difficult fuel and wind conditions.
Evacuations remain in effect for Lake and Cook Counties.The fire's potential for growth is Medium in the highly difficult terrain.Participating in the effort are 436 personnel;7 helicopters-four of them National Guard Black Hawks-and 8 fixed wing aircraft.Canadian aircraft have been assisting in the wildland firefighting.Ontario's Quetico Provincial Park is nearby.
Significant progress has been made in Division A of the fire,which has been brought down to the mopping up phase.Several roads in the incident area remain closed and campfires are prohibited,though recreational access is still possible at several entry points.It is a renowned site for backwoods canoeing.
The stock market had its best week since July,with five straight days of gains based on a vigorous effort by European leaders to contain the debt crisis.The S&P futures were up 7.50 on Friday evening,hinting at another positive move on Monday morning.
Barnes&Noble,the nation's last chain store bookseller,won an auction for the liquidated Borders website and brand name,sending the stock up a couple of percent.
Englishman Justin Rose and American Mark Wilson are tied for the lead at the BMW Championship,the third leg of the PGA Tour Playoffs for the FedEx Cup near Chicago.At the Navistar LPGA Classic in Prattville,Alabama,American Alexis Thompson tops the leader board,followed by compatriot Stacy Lewis and Becky Morgan of Wales,who are tied for second.The beneficiary of this year's tournament is the Wounded Warrior Project.
Barnes&Noble(BKS)
Wildland Fire Update:By Saturday evening,the Pagami Creek Fire on Superior National Forest was 11% contained.The number of personnel involved had risen to 565.A Canadian liaison had arrived and will remain at the incident.
Closures and evacuations remained in effect.The fire was primarily creeping and smoldering within the interior,with occasional torching of individual trees as well as groups in the increased S winds and very dry fuel conditions.
Division C of the fire had been placed in the mop up category along with Division A.Aircraft were extensively used to hold unstaffed Divisions in light of the more difficult fuel and wind conditions.
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