 UBBFriend: Email This Page to Someone! |
 Investorville
 Industry and Market Trends
 Today's Market (Page 4)
|
| This topic is 38 pages long: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 | next newest topic | next oldest topic |
| Author | Topic: Today's Market |
|
InvestorGuide Weekly Administrator |
posted 03-12-2001 02:53 PM
 
They say that for the one-year anniversary, paper is the appropriate gift. For the one-year anniversary of the Nasdaq Composite Index's all-time high, the almost unavoidable choice is a loss on paper. On March 10, 2000 the Nasdaq hit its all-time high of 5,132.52 -- an 88 percent increase from October 1st, 1999. Thursday, the Nasdaq closed at 2,168.82. That's a lot of distance to travel in 12 months. (source: E-commerce Times) http://www.ecommercetimes.com/perl/story/8059.html On the way to Nasdaq 5000 and beyond, a lot of people made a lot of errors as they tried to figure out what stocks were worth. Sell-side analysts, investors and, yes, even reporters goofed up with optimistic assumptions, dubious yardsticks and shaky comparisons. In 20/20 hindsight, the methods people employed to price tech stocks were rationalizations at best and ridiculous at worst. But kicking the nasty habit will be hard. (source: The Street) http://www.thestreet.com/tech/internet/1330822.html |
|
InvestorGuide Daily Administrator |
posted 03-09-2001 05:58 PM
What a difference a year makes. On this day last year the Nasdaq was everybody's darling index, breaking through the 5000 barrier for the first time. Today investors fled from the composite's tech stocks, causing it to shed 115.95 points and bringing it to a new two year low. Nasdaq got off to an ugly start this morning on account of Intel's earnings and revenue warning, and a Labor Department report showing stable unemployment only made things worse, as investors worried that the Fed might not cut rates again after all. But losses were not limited to just tech - the Dow took a hit as well, ending the day down 213.63 points. Dow Jones Industrials: 10644.62 -213.63 -1.97% |
|
InvestorGuide Daily Administrator |
posted 03-09-2001 10:06 AM
Gaining strength throughout the afternoon, blue chips led the Dow to a triple-digit gain and its fifth consecutive close in the black. Yesterday's dismal outlook from Yahoo weighed on the Nasdaq all day and prevented it from following the Dow into positive territory. Internet issues suffered most severely for Yahoo's transgression, but all tech stocks performed poorly. Biotech shares also experienced significant downward pressure while defensive sectors like retail and industry benefited from rotation out of tech. After the close, another batch of profit warnings hinted that more of the same be in store for tech investors in the coming sessions. The Dow finished the day up 128 points and Nasdaq gave up 55 points. Dow Jones Industrials: 10858.05 +128.45 +1.20% |
|
InvestorGuide Daily Administrator |
posted 03-07-2001 06:18 PM
In a somewhat mysterious day on Wall Street, the major indices rallied strongly. Abby Joseph Cohen kicked things off right by recommending increased exposure to equities. However, shares of Yahoo were halted right after the bell pending news from the company. As rumors flew, the major indices managed to maintain their gains and closed well into positive territory. The Nasdaq finished the day up 19 points (.9%), off of its highs for the day, but still a strong showing. Optical and software shares were strong throughout the session. The Dow was more impressive, gaining 138 points, about 1.3%. Dow Jones Industrials: 10729.60 +138.38 +1.31% |
|
InvestorGuide Daily Administrator |
posted 03-07-2001 10:12 AM
It was an upbeat day for Wall Street today. The major indexes surged at the opening bell and spent the entire rest of the day in the black. Technology issues gained the most ground as investors decided that the Nasdaq had finally reached bargain levels too good to pass up. The Dow posted more modest gains on account of continuing caution about the state of the economy; still, the blue chip index notched up 28.92 points for the day. But it was the Nasdaq that stole the show with a 61.51 point climb. Dow Jones Industrials: 10591.22 +28.92 +0.27% |
|
InvestorGuide Daily Administrator |
posted 03-05-2001 06:43 PM
All told, it was a pretty good session for US stocks today, particularly in the tech sector. Despite earnings warnings released this morning from three semiconductor companies, bargain-hunters emerged in the chip sector to lead the tech-heavy Nasdaq to a 25-point (1.2%) gain at the close. The Dow added on 96 points (0.9%) on the day; Coca-Cola was the only major laggard, which fell after Sunday's news that its COO is leaving the company. Unfortunately, these positive results can't be taken to heart - the markets traded in too low a volume to have any predictive behavior (probably as a result of the threat of a large storm in the Northeast that kept many traders away from the exchanges). Dow Jones Industrials: 10562.30 +95.99 +0.92% |
|
InvestorGuide Daily Administrator |
posted 03-05-2001 06:43 PM
All told, it was a pretty good session for US stocks today, particularly in the tech sector. Despite earnings warnings released this morning from three semiconductor companies, bargain-hunters emerged in the chip sector to lead the tech-heavy Nasdaq to a 25-point (1.2%) gain at the close. The Dow added on 96 points (0.9%) on the day; Coca-Cola was the only major laggard, which fell after Sunday's news that its COO is leaving the company. Unfortunately, these positive results can't be taken to heart - the markets traded in too low a volume to have any predictive behavior (probably as a result of the threat of a large storm in the Northeast that kept many traders away from the exchanges). Dow Jones Industrials: 10562.30 +95.99 +0.92% |
|
InvestorGuide Daily Administrator |
posted 03-02-2001 05:42 PM
Alas, what looked like a great turnaround story for the Nasdaq just wasn't meant to be. The news after the close last night that Oracle and SBC Communications would be missing earnings expectations sent the Nasdaq and the Dow off a precipice at the open this morning. Both indices posted significant losses and looked to be in for another rough day. However, the market staged a rally during midday, with both indices finding positive territory for a stretch. But, once again, the tech sector succumbed to significant selling pressure in the late afternoon. The Nasdaq ended the day off 66 points, more than 3%. Unsurprisingly, the software sector was the major drag, with Oracle (-20%) and friends getting pummeled. The blue chips managed to stay in the black, though barely. The Dow closed the day up 16 points, well off the session highs, but also well off the session lows. Dow Jones Industrials: 10466.31 +16.17 +0.15% |
|
InvestorGuide Daily Administrator |
posted 03-01-2001 06:07 PM
By all accounts, it looked to be an ugly day at the market: a fresh round of lay-off announcements, earnings warnings, and analyst downgrades pushed both the tech-heavy Nasdaq and the Dow deep into the red at the open, with no positive news in sight. And then the major indices continued to lose ground, until about 2pm, when bargain hunters emerged to send stocks skyrocketing towards positive territory. A short-covering rally added to the upward momentum, and by the close, the Dow had pared its losses to 41 points, and the Nasdaq had managed to tack on 31. Chip, networking, software, and telecom issues led the way for tech, while big-cap tech and biotech boosted the Dow. (source: CNNfn) http://cnnfn.cnn.com/2001/03/01/markets/markets_newyork/ Dow Jones Industrials: 10450.14 -45.14 -0.43% |
|
InvestorGuide Daily Administrator |
posted 02-28-2001 06:03 PM
Fed Chief Alan Greenspan testified before Congress today that economic slowdown was less severe in January than in the previous two months. He also expressed the belief that consumer confidence has not suffered too heavily during the downturn. These comments were interpreted to mean that an inter-meeting rate cut is not in the cards, and selling ensued. Losses grew rapidly during the afternoon before a brief upturn allowed the major markets to close off of the day's lows. Tech issues were battered across the board with chip and Internet shares absorbing the brunt of the damage. Biotech managed some meager gains for the day. At the close, the Nasdaq had shed another 56 points and the Dow finished 142 points in the red. (source: MSNBC) http://www.msnbc.com/news/158521.asp Dow Jones Industrials: 10495.28 -141.60 -1.33% |
|
InvestorGuide Daily Administrator |
posted 02-27-2001 05:58 PM
Yet another down day for the markets. The opening bell saw the major indexes down only slightly, but things turned ugly for the Nasdaq as the day wore on and the Conference Board issued a report showing that consumer confidence dropped to a four-year low in February. The troubling economic news was enough to keep the tech-heavy index spiraling lower for the rest of the day, but the Dow managed to stage a comeback in the final hour of trading and recoup some of its earlier losses. The Dow ended up dropping 5.65 points to 10,636.88, while the Nasdaq plunged 100.68 to 2,207.82, a new two year low. (source: MarketWatch) http://www.marketwatch.com/news/story.asp?column=Market+Snapshot&siteid=mktw |
|
InvestorGuide Daily Administrator |
posted 02-26-2001 06:12 PM
The Dow put on a show today, as hopes for an interest-rate cut this week incited a broad-based rally that drove the blue-chip index 200 points (1.9%) higher by the close. Nearly all Dow components posted at least minor gains; Home Depot led the charge, gaining more than 9% on the day, while Procter & Gamble and Intel were the biggest laggards. The tech-heavy Nasdaq rode the Dow's success, and added on 46 points (2%) by the end of the session. Most big-cap techs added little in the way of positive leadership, indicating tech's gains were also largely due to broad-based buying interest. Investors should note that the consumer confidence report is due out tomorrow - Wall Street is hoping that the report will show further erosion of the economy, thereby making an interest rate decrease by the Fed more likely. If consumer confidence comes in better than expected, the markets may fall in response. (source: MSNBC) http://www.msnbc.com/news/158521.asp Dow Jones Industrials: 10642.53 +200.63 +1.92% |
|
InvestorGuide Daily Administrator |
posted 02-23-2001 06:32 PM
A late rally carried the Nasdaq into the black off of lows of nearly 100 points below breakeven. The Dow recovered some losses late in the day as well, but remained squarely in the red at the close. Reacting to an analyst report that put chances for a inter-meeting rate cut by the Fed next week at 60%, buyers turned the momentum to their favor after negative guidance from Motorola had prompted widespread selling throughout the morning and early afternoon. Chip and software issues led the early freefall until tech shares began to benefit from the afternoon turnaround. At the close, the Nasdaq had inched up 15 points for its first positive day this week while the Dow had dropped 87 points. (source: MSNBC) http://www.msnbc.com/news/158521.asp Dow Jones Industrials: 10440.00 -86.81 -0.82% |
|
InvestorGuide Daily Administrator |
posted 02-22-2001 06:22 PM
It was a choppy day of trading for the major indices, as both the Dow and the Nasdaq bounced between breakeven and heavy losses, mirroring one another throughout the session. The Dow finished at breakeven, as gains in financial issues offset losses in biotech, retail, and most big-cap techs. The tech-heavy Nasdaq finished well off its session lows, but still dropped 24 points and fell to a new yearly low of 2244.96. A report released today that suggests the economy may be improving did little to encourage buying interest, as earnings warnings and analysts' downgrades stifled any investor optimism. (source: USA Today) http://www.usatoday.com/money/mphotof.htm http://www.investorguide.com/cgi-bin/daily.cgi?03434 Dow Jones Industrials: 10526.81 +0.23 0.00% |
|
InvestorGuide Daily Administrator |
posted 02-22-2001 01:23 PM
Stocks were bashed again Wednesday as the Nasdaq headed to a two-year low. Bargain hunters tried to find the bottom in the battered technology sector, but the buying wasn't enough to keep the major averages from falling. The buyers couldn't overcome renewed anxieties about the economy stemming from a seemingly troublesome inflation report from the government. The Nasdaq ended the day down 49.42 points at 2,268.93, while the Dow plunged 204.30 to 10,526.58. (source: MarketWatch) http://cbs.marketwatch.com/news/current/snapshot.htx |
| This topic is 38 pages long: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 All times are EST (US) | next newest topic | next oldest topic |
  |
|
Powered by: Ultimate Bulletin Board, Version 5.43
© Infopop Corporation (formerly Madrona Park, Inc.), 1998 - 2000.
Press ctrl-D to bookmark this page for future reference.
By using this site you agree to our Terms of Use.
Copyright 2001 InvestorGuide.com Inc.