Index Watch
| Name | Trade | Dir | Change | % |
|---|---|---|---|---|
| Volatility Index | 17.92 |  |
0.13 | +0.73% |
| Russell 2000 | 669.63 | |
2.52 | +0.38% |
| NASDAQ | 2340.68 | |
8.47 | +0.36% |
| S&P 500 | 1140.44 | |
1.94 | +0.17% |
| DJIA | 10564.38 | |
11.86 | +0.11% |
| S&P/TSX Composite | 11918.71 |  |
-45.13 | -0.38% |
Country ETF Watch
| Name | Symbol | Trade | Dir | Change | % |
|---|---|---|---|---|---|
| Brazil | EWZ | 73.06 | |
1.39 | +1.94% |
| Mexico | EWW | 50.85 | |
0.29 | +0.57% |
| Russia | RSX | 33.20 | |
0.15 | +0.45% |
| China | FXI | 41.41 | |
0.09 | +0.22% |
| Europe | EFA | 54.85 | |
-0.13 | -0.24% |
| Japan | EWJ | 10.17 | |
-0.04 | -0.39% |
| Canada | XIU.TO | 17.61 | |
-0.08 | -0.45% |
| Middle East and Africa | GAF | 64.96 | |
-0.31 | -0.47% |
| India | INP | 64.06 | |
-0.39 | -0.61% |
Sector ETF Watch
| Name | Symbol | Trade | Dir | Change | % |
|---|---|---|---|---|---|
| Industrial | XLI | 30.00 | |
0.24 | +0.81% |
| Technology | XLK | 22.53 | |
0.10 | +0.45% |
| Financial | XLF | 15.30 | |
0.05 | +0.33% |
| Real Estate | IYR | 48.19 | |
0.16 | +0.33% |
| Energy | XLE | 58.06 | — | 0.00 | 0.00% |
| Health Care | XLV | 31.81 | |
-0.02 | -0.06% |
| Utilities | XLU | 29.92 | |
-0.04 | -0.13% |
| Consumer Staples | XLP | 27.45 | |
-0.04 | -0.15% |
| Consumer Discretionary | XLY | 31.82 | |
-0.05 | -0.16% |
| Materials | XLB | 32.96 | |
-0.21 | -0.63% |
Style ETF Watch
| Name | Symbol | Trade | Dir | Change | % |
|---|---|---|---|---|---|
| Small Cap Value | IJS | 63.38 | |
0.23 | +0.36% |
| Small Cap Growth | IJT | 60.37 | |
0.18 | +0.30% |
| Micro Cap | IWC | 42.71 | |
0.12 | +0.28% |
| Large Cap Value | IVE | 55.03 | |
0.15 | +0.28% |
| Large Cap Growth | IVW | 58.82 | |
0.12 | +0.20% |
| Mid Cap Value | IJJ | 70.12 | |
0.06 | +0.09% |
| Mid Cap Growth | IJK | 83.01 | |
-0.03 | -0.04% |
Commodity ETF Watch
Bond ETF Watch
Currency ETF Watch
| Name | Symbol | Trade | Dir | Change | % |
|---|---|---|---|---|---|
| Australian Dollar | FXA | 91.49 | |
0.49 | +0.54% |
| Japanese Yen | FXY | 110.23 | |
0.38 | +0.35% |
| US Dollar Index | UUP | 23.66 | |
0.04 | +0.17% |
| Canadian Dollar | FXC | 97.04 | |
0.11 | +0.11% |
| Euro | FXE | 135.71 | |
-0.29 | -0.21% |
| Swiss Franc | FXF | 92.48 | |
-0.22 | -0.24% |
| British Pound | FXB | 149.42 | |
-0.70 | -0.47% |
Market Currents RSS Syndication from SeekingAlpha.com
In contrast to Greece, a debt crisis in Japan might actually fuel a new rally in risk assets. How? A steady weakening of the very strong yen could bring back the carry trade. Post your comment!
George Washington runs down the six theories in vogue for why stocks have rallied so, including: dumb money following CNBC advice, HFT robots/algos buying futures after hours, and (if you're with Karl Denninger) systemic fraud in overvaluing assets. 1 comment!
Even with Morningstar changing the managers in its Ultimate Stock Pickers, the group's major holdings remain almost exactly the same; tops on the list: Wal-Mart (WMT), Microsoft (MSFT), Johnson & Johnson (JNJ). 1 comment!
CFTC Chairman Gary Gensler lays out a number of options for reining in credit-default swaps, but stops short of saying they could be banned, as EU regulators are discussing. (speech text) Post your comment!
Apple (AAPL) is not as invincible as everyone thinks: Its market share actually slipped last quarter, Google (GOOG) and Motorola (MOT) are beating Apple at its own phone game, and the iPad won't live up to the hype. 3 comments!
Facet Biotech (FACT) resumes trading and jumps 66.2% to $27 - the per-share price that Abbott Labs (ABT) has agreed to pay for the company in a deal for a net $450M. Post your comment!
ABC Consumer Comfort Index: Frozen at -49, same as last week and stuck in a three-point range since early January. Positive ratings of personal finances and the national economy held steady at 44% and 8% respectively, but positive thoughts about the buying climate inched up to 25% from 24%. 1 comment!
InterMune (ITMN) resumes trading after its earlier halt on an FDA panel's recommended drug approval; shares up 62.7% AH. (previously) Post your comment!
On the hour: S&P 500 futures -0.04%. 10-yr +0.13%. Euro -0.19% vs. dollar. Crude -0.87% to $81.16. Gold -0.27% to $1,121. Post your comment!
Abbott Labs (ABT) shores up its early and midstage pipeline with an agreement to acquire Facet Biotech (FACT) for $27/share in cash, for a net value of about $450M. FACT halted at $16.37 and will resume trading at 5:20 p.m EST. Post your comment!
In the wake of the 13-minute ABC (DIS)-Cablevision (CVC) Oscar blackout - and ahead of its own contract expiration with Disney coming in August - Time Warner Cable (TWC) plans to ask the FCC to block broadcasters from cutting the signal during fee disputes. 1 comment!
Navistar International (NAV): FQ1 EPS of $0.23 may not be comparable to estimate of $0.85. Revenue of $2.8B (-5%) vs. $3.2B. Shares -3.4% AH. (PR) Post your comment!
Dexia SA is unloading 16.4M shares of Assured Guaranty (AGO) in a secondary offering, with UBS Securities acting as lead manager. AGO -1.8% AH. Post your comment!
Salix Pharmaceuticals (SLXP): Q4 EPS of -$0.13 beats by $0.01. Revenue of $70M (+15.8%) vs. $68M. Guides Q1 EPS, revenue below consensus. Shares -3.2% AH. (PR) Post your comment!
J. Crew (JCG): Q4 EPS of $0.61 beats by $0.15. Revenue of $461M (+18.7%) vs. $443M. Guides Q1 EPS at upper end of consensus. Shares +1.0% AH. (PR) Post your comment!
The major stock indexes inched higher today as volume picked up. Advancers and decliners finished roughly even. Among individual stocks, the two top percentage gainers in the S&P 500 were AIG (AIG +11.9%) and Sprint Nextel (S +6.2%). Post your comment!
At the close: Dow +0.11% to 10564. S&P +0.17% to 1140. Nasdaq +0.36% to 2340.
Treasurys: 30-year +0.05%. 10-yr +0.13%. 5-yr +0.09%.
Commodities: Crude -0.72% to $81.28. Gold -0.41% to $1119.40.
Currencies: Euro -0.24% vs. dollar. Yen flat. Pound -0.5%. Post your comment! In discussions with Obama today, Greek Prime Minister Papandreou says he did not ask for U.S. financial help and discussed a European proposal to crack down on financial-market speculation. The White House says Greece's problems "can and should" be resolved by the EU. Post your comment! The technology bubble popped a decade ago, but the venture-capital industry that helped finance the boom stayed largely intact. Now venture-capital firms are going through their own winnowing process. (Top-ranked U.S. venture-backed company with the most potential: Pacific Biosciences.) Post your comment! An FDA advisory panel says the safety of InterMune's (ITMN) new lung medication has been adequately assessed and recommends approval. Trading halted today. 2 comments! JPMorgan Chase (JPM) analysts say that bank-owned sales as a share of total home sales will remain at current or even higher levels three years from now in more than half of the nation’s 10 largest housing markets. 10 comments! Airline stocks soar as United Airlines' (C +6.8%) CFO and Continental (CAL +5.2%) CEO say corporate travelers were starting to return and unit revenue growth jumped in February. (ETF: IYT) Post your comment! On the hour: Dow +0.21% to 10574. 10-yr +0.08%. Euro -0.24% vs. dollar. Crude -0.5% to $81.46. Gold -0.16% to $1122.20. Post your comment! There's "chatter on more asset sales coming," sparking another surge in AIG (AIG +12.4%) after deals to sell Alico to MetLife (MET) and AIA Group to Prudential UK (PUK) garnered $51B. AIG shares now trade above their 200-day moving average. 2 comments! Uncertainty about the market's outlook fuels a debate between economists Robert Shiller, pessimist, and Jeremy Siegel, optimist. But on Main Street USA, the prevailing mood is mostly doom and gloom. (Best and worst stock performers from year-ago market low.) 4 comments! The U.S. government is discussing plans to sell its massive stake in Citigroup (C +6.7%), possibly as early as this spring, says Fox Business. Federal officials have said they plan to unload its 27% stake in Citi over the next year, but the report says the feds are telling Wall Street bankers that it could happen sometime during the next three months. WSJ cites strong demand for its preferred shares. Post your comment! After today's out-of-control-Prius incident in California (“I was on the brakes pretty healthy... It just kept speeding up”), Toyota (TM -1.6%) says the cars will be the subject of a future recall. The total financial impact on Toyota from its various recalls could surpass $5B in the next year. 5 comments! On the hour: Dow +0.42%. 10-yr +0.03%. Euro -0.26% vs. dollar. Crude -0.44% to $81.51. Gold -0.27% to $1121.00. Post your comment! For Fedspeak, this suggestion of higher rates by year's end from New York Fed Markets Group chief Brian Sack is more straightforward than usual: “The current configuration of yields and asset prices incorporates expectations that short-term interest rates will begin to rise around the end of this year... The markets seem prepared for the risks toward tighter policy." Post your comment! Stock prices have room to rise further, and the likelihood of a double-dip has diminished, Abby Joseph Cohen tells CNBC. "The stock market is almost always a discounting mechanism that... moves in advance of the economy, but we don't think it has moved too far at this point," she says, expecting the S&P to hit 1250-1300 this year. 7 comments!
Treasurys: 30-year +0.05%. 10-yr +0.13%. 5-yr +0.09%.
Commodities: Crude -0.72% to $81.28. Gold -0.41% to $1119.40.
Currencies: Euro -0.24% vs. dollar. Yen flat. Pound -0.5%. Post your comment! In discussions with Obama today, Greek Prime Minister Papandreou says he did not ask for U.S. financial help and discussed a European proposal to crack down on financial-market speculation. The White House says Greece's problems "can and should" be resolved by the EU. Post your comment! The technology bubble popped a decade ago, but the venture-capital industry that helped finance the boom stayed largely intact. Now venture-capital firms are going through their own winnowing process. (Top-ranked U.S. venture-backed company with the most potential: Pacific Biosciences.) Post your comment! An FDA advisory panel says the safety of InterMune's (ITMN) new lung medication has been adequately assessed and recommends approval. Trading halted today. 2 comments! JPMorgan Chase (JPM) analysts say that bank-owned sales as a share of total home sales will remain at current or even higher levels three years from now in more than half of the nation’s 10 largest housing markets. 10 comments! Airline stocks soar as United Airlines' (C +6.8%) CFO and Continental (CAL +5.2%) CEO say corporate travelers were starting to return and unit revenue growth jumped in February. (ETF: IYT) Post your comment! On the hour: Dow +0.21% to 10574. 10-yr +0.08%. Euro -0.24% vs. dollar. Crude -0.5% to $81.46. Gold -0.16% to $1122.20. Post your comment! There's "chatter on more asset sales coming," sparking another surge in AIG (AIG +12.4%) after deals to sell Alico to MetLife (MET) and AIA Group to Prudential UK (PUK) garnered $51B. AIG shares now trade above their 200-day moving average. 2 comments! Uncertainty about the market's outlook fuels a debate between economists Robert Shiller, pessimist, and Jeremy Siegel, optimist. But on Main Street USA, the prevailing mood is mostly doom and gloom. (Best and worst stock performers from year-ago market low.) 4 comments! The U.S. government is discussing plans to sell its massive stake in Citigroup (C +6.7%), possibly as early as this spring, says Fox Business. Federal officials have said they plan to unload its 27% stake in Citi over the next year, but the report says the feds are telling Wall Street bankers that it could happen sometime during the next three months. WSJ cites strong demand for its preferred shares. Post your comment! After today's out-of-control-Prius incident in California (“I was on the brakes pretty healthy... It just kept speeding up”), Toyota (TM -1.6%) says the cars will be the subject of a future recall. The total financial impact on Toyota from its various recalls could surpass $5B in the next year. 5 comments! On the hour: Dow +0.42%. 10-yr +0.03%. Euro -0.26% vs. dollar. Crude -0.44% to $81.51. Gold -0.27% to $1121.00. Post your comment! For Fedspeak, this suggestion of higher rates by year's end from New York Fed Markets Group chief Brian Sack is more straightforward than usual: “The current configuration of yields and asset prices incorporates expectations that short-term interest rates will begin to rise around the end of this year... The markets seem prepared for the risks toward tighter policy." Post your comment! Stock prices have room to rise further, and the likelihood of a double-dip has diminished, Abby Joseph Cohen tells CNBC. "The stock market is almost always a discounting mechanism that... moves in advance of the economy, but we don't think it has moved too far at this point," she says, expecting the S&P to hit 1250-1300 this year. 7 comments!
Updated: 48 sec ago
In contrast to Greece, a debt crisis in Japan might actually fuel a new rally in risk assets. How? A steady weakening of the very strong yen could bring back the carry trade.
In contrast to Greece, a debt crisis in Japan might actually fuel a new rally in risk assets. How? A steady weakening of the very strong yen could bring back the carry trade. Post your comment!
Categories: Financial Markets, Headlines
George Washington runs down the six theories in vogue for why stocks have rallied so, including: dumb money following CNBC advice, HFT robots/algos buying futures after hours, and (if you're with Karl Denninger) systemic fraud in overvaluing assets.
George Washington runs down the six theories in vogue for why stocks have rallied so, including: dumb money following CNBC advice, HFT robots/algos buying futures after hours, and (if you're with Karl Denninger) systemic fraud in overvaluing assets. 1 comment!
Categories: Financial Markets, Headlines
Even with Morningstar changing the managers in its Ultimate Stock Pickers, the group's major holdings remain almost exactly the same; tops on the list: Wal-Mart (WMT), Microsoft (MSFT), Johnson & Johnson (JNJ).
Even with Morningstar changing the managers in its Ultimate Stock Pickers, the group's major holdings remain almost exactly the same; tops on the list: Wal-Mart (WMT), Microsoft (MSFT), Johnson & Johnson (JNJ). 1 comment!
Categories: Financial Markets, Headlines
CFTC Chairman Gary Gensler lays out a number of options for reining in credit-default swaps, but stops short of saying they could be banned, as EU regulators are discussing. (speech text)
CFTC Chairman Gary Gensler lays out a number of options for reining in credit-default swaps, but stops short of saying they could be banned, as EU regulators are discussing. (speech text) Post your comment!
Categories: Financial Markets, Headlines
Apple (AAPL) is not as invincible as everyone thinks: Its market share actually slipped last quarter, Google (GOOG) and Motorola (MOT) are beating Apple at its own phone game, and the iPad won't live up to the hype.
Apple (AAPL) is not as invincible as everyone thinks: Its market share actually slipped last quarter, Google (GOOG) and Motorola (MOT) are beating Apple at its own phone game, and the iPad won't live up to the hype. 3 comments!
Categories: Financial Markets, Headlines
Facet Biotech (FACT) resumes trading and jumps 66.2% to $27 - the per-share price that Abbott Labs (ABT) has agreed to pay for the company in a deal for a net $450M.
Facet Biotech (FACT) resumes trading and jumps 66.2% to $27 - the per-share price that Abbott Labs (ABT) has agreed to pay for the company in a deal for a net $450M. Post your comment!
Categories: Financial Markets, Headlines
ABC Consumer Comfort Index: Frozen at -49, same as last week and stuck in a three-point range since early January. Positive ratings of personal finances and the national economy held steady at 44% and 8% respectively, but positive thoughts about the buyin
ABC Consumer Comfort Index: Frozen at -49, same as last week and stuck in a three-point range since early January. Positive ratings of personal finances and the national economy held steady at 44% and 8% respectively, but positive thoughts about the buying climate inched up to 25% from 24%. 1 comment!
Categories: Financial Markets, Headlines
InterMune (ITMN) resumes trading after its earlier halt on an FDA panel's recommended drug approval; shares up 62.7% AH. (previously)
InterMune (ITMN) resumes trading after its earlier halt on an FDA panel's recommended drug approval; shares up 62.7% AH. (previously) Post your comment!
Categories: Financial Markets, Headlines
On the hour: S&P 500 futures -0.04%. 10-yr +0.13%. Euro -0.19% vs. dollar. Crude -0.87% to $81.16. Gold -0.27% to $1,121.
On the hour: S&P 500 futures -0.04%. 10-yr +0.13%. Euro -0.19% vs. dollar. Crude -0.87% to $81.16. Gold -0.27% to $1,121. Post your comment!
Categories: Financial Markets, Headlines
Abbott Labs (ABT) shores up its early and midstage pipeline with an agreement to acquire Facet Biotech (FACT) for $27/share in cash, for a net value of about $450M. [[FACT]] halted at $16.37 and will resume trading at 5:20 p.m EST.
Abbott Labs (ABT) shores up its early and midstage pipeline with an agreement to acquire Facet Biotech (FACT) for $27/share in cash, for a net value of about $450M. [[FACT]] halted at $16.37 and will resume trading at 5:20 p.m EST. Post your comment!
Categories: Financial Markets, Headlines
In the wake of the 13-minute ABC (DIS)-Cablevision (CVC) Oscar blackout - and ahead of its own contract expiration with Disney coming in August - Time Warner Cable (TWC) plans to ask the FCC to block broadcasters from cutting the signal during fee dispute
In the wake of the 13-minute ABC (DIS)-Cablevision (CVC) Oscar blackout - and ahead of its own contract expiration with Disney coming in August - Time Warner Cable (TWC) plans to ask the FCC to block broadcasters from cutting the signal during fee disputes. 1 comment!
Categories: Financial Markets, Headlines
Navistar International (NAV): FQ1 EPS of $0.23 may not be comparable to estimate of $0.85. Revenue of $2.8B (-5%) vs. $3.2B. Shares -3.4% AH. (PR)
Navistar International (NAV): FQ1 EPS of $0.23 may not be comparable to estimate of $0.85. Revenue of $2.8B (-5%) vs. $3.2B. Shares -3.4% AH. (PR) Post your comment!
Categories: Financial Markets, Headlines
Dexia SA is unloading 16.4M shares of Assured Guaranty (AGO) in a secondary offering, with UBS Securities acting as lead manager. [[AGO]] -1.8% AH.
Dexia SA is unloading 16.4M shares of Assured Guaranty (AGO) in a secondary offering, with UBS Securities acting as lead manager. [[AGO]] -1.8% AH. Post your comment!
Categories: Financial Markets, Headlines
Salix Pharmaceuticals (SLXP): Q4 EPS of -$0.13 beats by $0.01. Revenue of $70M (+15.8%) vs. $68M. Guides Q1 EPS, revenue below consensus. Shares -3.2% AH. (PR)
Salix Pharmaceuticals (SLXP): Q4 EPS of -$0.13 beats by $0.01. Revenue of $70M (+15.8%) vs. $68M. Guides Q1 EPS, revenue below consensus. Shares -3.2% AH. (PR) Post your comment!
Categories: Financial Markets, Headlines
J. Crew (JCG): Q4 EPS of $0.61 beats by $0.15. Revenue of $461M (+18.7%) vs. $443M. Guides Q1 EPS at upper end of consensus. Shares +1.0% AH. (PR)
J. Crew (JCG): Q4 EPS of $0.61 beats by $0.15. Revenue of $461M (+18.7%) vs. $443M. Guides Q1 EPS at upper end of consensus. Shares +1.0% AH. (PR) Post your comment!
Categories: Financial Markets, Headlines
The major stock indexes inched higher today as volume picked up. Advancers and decliners finished roughly even. Among individual stocks, the two top percentage gainers in the S&P 500 were AIG ([[AIG]] +11.9%) and Sprint Nextel ([[S]] +6.2%).
The major stock indexes inched higher today as volume picked up. Advancers and decliners finished roughly even. Among individual stocks, the two top percentage gainers in the S&P 500 were AIG ([[AIG]] +11.9%) and Sprint Nextel ([[S]] +6.2%). Post your comment!
Categories: Financial Markets, Headlines
At the close: Dow +0.11% to 10564. S&P +0.17% to 1140. Nasdaq +0.36% to 2340. Treasurys: 30-year +0.05%. 10-yr +0.13%. 5-yr +0.09%. Commodities: Crude -0.72% to $81.28. Gold -0.41% to $1119.40. Currencies: Euro -0.24% vs. dollar. Yen flat. Pound -0.5%.
At the close: Dow +0.11% to 10564. S&P +0.17% to 1140. Nasdaq +0.36% to 2340. Treasurys: 30-year +0.05%. 10-yr +0.13%. 5-yr +0.09%. Commodities: Crude -0.72% to $81.28. Gold -0.41% to $1119.40. Currencies: Euro -0.24% vs. dollar. Yen flat. Pound -0.5%. Post your comment!
Categories: Financial Markets, Headlines
In discussions with Obama today, Greek Prime Minister Papandreou says he did not ask for U.S. financial help and discussed a European proposal to crack down on financial-market speculation. The White House says Greece's problems "can and should" be resolv
In discussions with Obama today, Greek Prime Minister Papandreou says he did not ask for U.S. financial help and discussed a European proposal to crack down on financial-market speculation. The White House says Greece's problems "can and should" be resolved by the EU. Post your comment!
Categories: Financial Markets, Headlines
The technology bubble popped a decade ago, but the venture-capital industry that helped finance the boom stayed largely intact. Now venture-capital firms are going through their own winnowing process. (Top-ranked U.S. venture-backed company with the most
The technology bubble popped a decade ago, but the venture-capital industry that helped finance the boom stayed largely intact. Now venture-capital firms are going through their own winnowing process. (Top-ranked U.S. venture-backed company with the most potential: Pacific Biosciences.) Post your comment!
Categories: Financial Markets, Headlines
An FDA advisory panel says the safety of InterMune's (ITMN) new lung medication has been adequately assessed and recommends approval. Trading halted today.
An FDA advisory panel says the safety of InterMune's (ITMN) new lung medication has been adequately assessed and recommends approval. Trading halted today. 2 comments!
Categories: Financial Markets, Headlines