Daily Wrap-up – Like Being on a Treadmill

The day ends with losses… Chart Courtesy of Thomson Financial Index Index Value Point Change Percent Change S&P 500 (SPX) 1348.9 -18.4 points -1.34 percent Dow Jones Industrial Average (DJIA) 12377.0 -175 points -1.40 percent Nasdaq Composite (COMP) 2332.5 -41.4 points -1.74 percent Russell 2000 (RUT) 705.3 -16.6 points -2.30 percent CBOE Market Volatility Index (VIX) 25.54 0.66 points 2.7 percent Click here for symbol descriptionsIf you scan over the data above and then click here to see yesterday’s closing data you will quickly understand the point of the title of this post…(Read More)

The! Biggest! News! of! the! Day! – Not Baidu.com, First Solar, Yahoo, Bally Technologies or DuPont

Here are some of the contenders for today’s biggest…news…of…the…day…  Better-than-expected earnings from Baidu.com (BIDU)… The stimulus package that President Bush signed yesterday…A look into whether housing stocks can continue their run…Upbeat comments under the heading “Blue chips that can ride out a recession”…Hewlett-Packard (HPQ), 3M (MMM), DuPont (DD), Fortune Brands (FO), and IBM (IBM) are mentioned…An article [subscription required] that says Yahoo’s (YHOO) “best chance” to avoid Microsoft’s (MSFT) bid “may be a deal under discussion with News Corp., in which the media conglomerate would swap its ownership of MySpace and several other online properties for a stake of 20% or more in Yahoo”…Skepticism on the idea that News Corp…(Read More)

Daily Wrap-up – A Close Near the Highs

The day ends with buyers retaining control… Chart Courtesy of Thomson Financial Index Index Value Point Change Percent Change S&P 500 (SPX) 1367.2 18.4 points 1.36 percent Dow Jones Industrial Average (DJIA) 12552.2 179 points 1.45 percent Nasdaq Composite (COMP) 2373.9 53.9 points 2.32 percent Russell 2000 (RUT) 721.9 16.5 points 2.33 percent CBOE Market Volatility Index (VIX) 24.88 -1.45 points -5.5 percent Click here for symbol descriptionsThe mid-afternoon check of the action showed buyers were pushing the market higher and that held into the close…(Read More)