Exploring Hydrocarbon Depletion
Stocks climb to 3-year highs on earnings boost
By Hibah Yousuf, staff reporterApril 26, 2011: 4:42 PM ET
NEW YORK (CNNMoney) -- U.S. stocks finished at their highest levels in three years Tuesday afternoon, as investors cheered another batch of earnings results and a better-than-expected report on consumer confidence.
The Dow Jones industrial average (INDU) gained 115 points, or 0.9%, the S&P 500 (SPX) rose 12 points, or 0.9%, and the Nasdaq Composite (COMP) added 22 points, or 0.8%. Both the Dow and the S&P climbed to their highest levels since June 2008, while the tech-heavy Nasdaq closed at its highest mark since October 2007.
"Corporate earnings have been strong and are a good sign of global growth," said Dave Rovelli, managing director of U.S. equity trading at Cancaccord Adams.
So far, a third of the S&P 500 companies have opened their books, and 75% of them have beat expectations, according to Thomson Reuters. Earning are up almost 19%, while sales have climbed nearly 3%.
* FED RAISES ESTIMATES FOR 2011 CORE INFLATION TO 1.3%-1.6%, WAS 1.0%-1.3% BEFORE
* FED REDUCES GROWTH OUTLOOK FOR 2011, SEES TRANSITORY INFLATION
* FED POLICY MAKERS SEE 3.1% TO 3.3% ECONOMIC GROWTH FOR 2011, WAS 3.4%-3.9% BEFORE
* FED FORECASTS HEADLINE INFLATION OF 2.1% TO 2.8% THIS YEAR
The Chairsatan speaks.
Supposedly, despite the drop in the economy, Bernanke still sees strength in the employment trend.
Bernanke's voice sounds like a Stradivarious tremollo.
Bernanke remains confident he can tighten whenever needed. When the tie for tightening comes, he will consider both parts of his dual mandate. Nothing about the third mandate.
Bernanke expects Q1 GDP of under 2% but believes slowdown is "transitory", factors are the "weather", weaker construction, and "less momentum"
On how Bernanke's policies are destroying the middle class: we care about low inflation and attracting foreign capital to boost the dollar. Pinocchio is spinning in his grave.
What will the Fed do on surging fuel prices? A.Gasoline prices have risen quite significantly. This is a bad development (and an understatement). All of the increase in demand for oil has come from emerging economies. On supply side we have disruptions in MENA, which has driven gas prices up. All of the increase in the inflation forecast comes from the jump in gas prices. Nothing the Fed can do about surging gas prices without detailing growth. "The Fed does not print oil." But Fed will try to stop pass through costs from rising (whatever that means).
(RTTNews) - After showing a strong upward move in the previous session, stocks saw some further upside during trading on Wednesday. The markets benefited from a positive reaction to the Federal Reserve's latest monetary policy announcement and Chairman Ben Bernanke's accompanying news conference.
Biotechnology stocks showed a strong upward move on the day, driving the NYSE Arca Biotechnology Index up by 2.8 percent to a record closing high. Regeneron (REGN) led the sector higher, surging up by 28.6 percent on news of positive clinical trial data for its colorectal cancer treatment Zaltrap.
Stocks finish April sharply higher
By Ken Sweet, contributing writerApril 29, 2011: 5:04 PM ET
NEW YORK (CNNMoney) -- Stocks posted gains Friday to finish their best month this year, as investors got a confidence boost from strong earnings out of Caterpillar.
"The market feels a little on the high side, but these good earnings figures are keeping stocks slowly moving higher," said Frank Davis, director of sales and trading at LEK Securities.
The Dow Jones industrial average rose 47 points, 0.4%, to finish at 12,811, closing at a fresh multi-year high. The Dow ended the week up 2.4% and finished the month with a gain of 4.3%.
Economic bellwhether Caterpillar helped lift the Dow, after the company said its bottom line got a boost due to strong demand for bulldozers and other heavy machinery. Shares closed up 2.5%.
June 28, 2011, 4:11 p.m. EDT
Biggest daily jump for Dow in more than two months
By Kate Gibson
NEW YORK (MarketWatch) -- U.S. stocks rallied for a second day Tuesday, with the Dow Jones Industrial Average polishing off its best performance since April 20 on hope for a resolution to Greece's debt crisis. "We're still Greek hostages," said David Kelly, chief market strategist at J.P. Morgan Funds. The Dow Jones Industrial Average rose 145.13 points, or 1.2%, to 12,188.69. The Standard & Poor's 500 Index climbed 16.57 points, or 1.3%, to 1,296.67. The Nasdaq Composite Index gained 41.03 points, or 1.5%, to 2,729.31.
OilFinder2 wrote:Posted May 6, 2009. Bumped for posterity and entertainment value.pstarr wrote:TheAntiDoomer wrote:
If you can wait twenty years then maybe you'll get back the money you poured in at 12,000
And thanks for making you misplaced exuberance smaller. Say you're not really getting depressed over this? I thought you were the Happy Guy!
Only about 500 to go. And considerably less than 20 years!
A strategy used by mutual fund and portfolio managers near the year or quarter end to improve the appearance of the portfolio/fund performance before presenting it to clients or shareholders. To window dress, the fund manager will sell stocks with large losses and purchase high flying stocks near the end of the quarter. These securities are then reported as part of the fund's holdings.
WASHINGTON (MarketWatch) -- The Treasury Department on Friday repeated that the U.S. would start defaulting on its obligations if the debt limit is not raised by August 2. The assertion came as Treasury announced that it will stop reinvestment immediately in the exchange stabilization fund, which buys and sells foreign currencies. Treasury said this was the the final emergency measure to conserve cash. The measure creates about $23 billion of headroom under the debt limit, the department said. The government has taken this step four times in the past two decades, Treasury said.
NEW YORK (MarketWatch) — U.S. stocks were clobbered Thursday, thrusting Wall Street into correction mode, as investors compiled a lengthy list of concerns about the U.S. and global economy.
“We’re just worrying ourselves to death,” said Bruce McCain, chief investment strategist at Key Private Bank. “How do you get out of this roller coaster of the relentless onslaught of bad news?”
The three benchmark stock indexes all lapsed into negative territory for the year; oil dropped sharply on thoughts of reduced global demand; and gold sank as investors cut holdings to cover stock positions. Treasurys and the dollar rallied.
The Dow Jones Industrial Average dropped 512.76 points, or 4.3%, to 11,383.68, with all 30 components losing ground and the index down 1.7% for 2011. The index’s point drop was its worst since December 2008 and its percentage drop was the steepest since February 2009 — both low points of the credit and financial crisis.
If you thought round one of the financial crisis was pretty rough three years ago, that was just a dress rehearsal for the main act. And the performance has just begun.
For the past 10 days, the markets have been doing the dance of the uncertain. Serious falls but nothing to get too alarmed about. On Wednesday things began to get ugly. Then came last night, when it finally dawned on traders in Europe and North America that there is almost no way to avoid an economic calamity.
Global markets now have given up on the pretence that it all will somehow work out. They've given up on the soothing statements from politicians. Even those eternal optimists, stockbrokers, no longer believe their own rhetoric about "green shoots" and "return to a bull market".
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