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A Rising Trend Marked the US Stock Market for the Third Day with Dow Closing Up at 121 points
The completion point, where the Dow Jones Industrial Average ended lies at 121 points, or 1.2%, to 10,139 (DJIA 10,139, +120.71, +1.21%). After a tough week starting with July 4 a rebound is been marked in the market. Dow gained 4.7% and this taken the measures at the right point, where it was at the start of the week.
The S&P 500 Index (SPX 1,070, +9.98, +0.94%) had a rise by 10 points, or 0.9%, finishing at 1,070. The Nasdaq Composite Index on the other hand closed up 16 points, or 0.7%, to 2,175 (COMP 2,175, +15.93, +0.74%).
The sector of Retail sales is passing through fair weather and aggressive promotional measures. The gainers include,
Abercrombie & Fitch (ANF 35.45, +2.55, +7.75%)
Limited Brands (LTD 23.89, -0.32, -1.34%)
Costco Wholesale (COST 54.29, -1.42, -2.55%)
Walgreen (WAG 27.15, -0.97, -3.45%) rising 3.6%.
According to the Labor Department , initial claims for jobless benefits declined by 21,000 to 454,000 in the week ended July 3. This is yet another positive sign.
The finish on Thursday followed a tee pattern to a tee, as the Dow hovered around 10,065 before rising up by about 70 points.
The market rally observed the survival during the late-day release from the Federal Reserve. This represented a fall in the consumer credit for the fourth consecutive month. Thus, there is a decrease in outstanding consumer credit decreased at a seasonally adjusted annual rate of 4.5%, down $9.1 billion to $2.415 trillion.
Treasurys marked a decline as economic optimism gathered strength. This pushed up the 10-year yield above 3% for the first time in nine days to finish at 3.02%.
<a href="http://www.theotcmarket.com/" target="_blank">TheOTCmarket.com</a> offers Stock Newsletter on various hot stocks of the day.
We also offer a news alert service on twitter by following our twits at <a href="http://twitter.com/theOTCmarket" target="_blank">http://twitter.com/theOTCmarket</a>
We publish daily news in the form of our Market Snapshot and also provide daily Hot Stocks for its visitors. Additional attractions for investors and financial institutions are offered in the form of stock alerts, newsletters and other forms of subscribed information.
You can become leader in stock market by keeping track of the daily activity.
Disclaimer:<a href="http://www.theotcmarket.com/" target="_blank">THEOTCM</a> electronically disseminates information (the “Information”) on its websites, in newsletters, featured reports, spam compliant double-opt in email communications or otherwise pertaining to Featured Stocks’ (the “Issuer” or “Issuers” or “Featured Stock” or “Featured Stocks”), the securities of which are most frequently common stock shares quoted on the Over the Counter Bulletin Board (“OTCBB”) or Pink Sheets. The Information is based on publicly available information, such as quarterly (with unaudited financial statements) and annual reports (with audited financial statements) filed with the Securities and Exchange Commission (“SEC”), quarterly and annual unaudited financial reports and Information and Disclosure Statements filed with the Pink Sheets, the Issuer’s website and information obtained through search engines such as Yahoo Finance, Market Watch, PRnewswire, StockHouse, StockWatch, OTCmarket and Business Wire. We synthesize the Information from these informational sources for our Readers as a starting point for further inquiry into the Issuer and its securities.
THEOTCM is not a registered investment advisor or registered securities broker dealer and the Information should not be construed in any manner, shape or form as investment advice, investment recommendations or opinions or viewpoints regarding the Profiled Company or its securities or as a solicitation to offer, purchase or sell the Profiled Company’s securities. THEOTCM does not endorse, independently verify or assert the truthfulness, completeness, accuracy or reliability of the Information and conducts no due diligence whatsoever of the Profiled Companies. Because the Information is presented on an “as is” basis, your use of the Information is at your own risk. THEOTCM disclaims, expressly and impliedly, all warranties of any kind, including those of merchantability and fitness for a particular purpose or whether the Information is accurate or reliable or free of errors. The Reader hereby indemnifies THEOTCM from any liability for any claimed direct, indirect, incidental, punitive, or consequential damages pertaining to the disseminated Information.
ABOUT theOTCmarket.com:
TheOTCMarket.com (THEOTCM) is an investor-oriented resource centre offering relevant news and
information vital to investors (individuals and firms) in the financial
sector. It provides independent, unbiased and a comprehensive overview of
any new development and trends in the investor and financial market. We also
provide in-depth analysis, research, insights and similar resources online.
TheOTCmarket.com offers Stock Newsletter on various hot stocks of the day.
We also offer a news alert service on twitter by following our twits at
http://twitter.com/theOTCmarket
We publish daily news in the form of our Market Snapshot and also provide
daily Hot Stocks for its visitors. Additional attractions for investors and
financial institutions are offered in the form of stock alerts, newsletters
and other forms of subscribed information.
You can become leader in stock market by keeping track of the daily
activity.
Disclaimer:
THEOTCM electronically disseminates information (the "Information") on its websites, in newsletters, featured reports, spam compliant double-opt in email
communications or otherwise pertaining to Featured Stocks' (the "Issuer" or
"Issuers" or "Featured Stock" or "Featured Stocks"), the securities of which
are most frequently common stock shares quoted on the Over the Counter
Bulletin Board ("OTCBB") or Pink Sheets. The Information is based on
publicly available information, such as quarterly (with unaudited financial
statements) and annual reports (with audited financial statements) filed
with the Securities and Exchange Commission ("SEC"), quarterly and annual
unaudited financial reports and Information and Disclosure Statements filed
with the Pink Sheets, the Issuer's website and information obtained through
search engines such as Yahoo Finance, Market Watch, PRnewswire, StockHouse,
StockWatch, OTCmarket and Business Wire. We synthesize the Information from
these informational sources for our Readers as a starting point for further
inquiry into the Issuer and its securities.
THEOTCM is not a registered investment advisor or registered securities
broker dealer and the Information should not be construed in any manner,
shape or form as investment advice, investment recommendations or opinions
or viewpoints regarding the Profiled Company or its securities or as a
solicitation to offer, purchase or sell the Profiled Company's securities.
THEOTCM does not endorse, independently verify or assert the truthfulness,
completeness, accuracy or reliability of the Information and conducts no due
diligence whatsoever of the Profiled Companies. Because the Information is
presented on an "as is" basis, your use of the Information is at your own
risk. THEOTCM disclaims, expressly and impliedly, all warranties of any
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By bwcolemen on Markets | Friday July 09, 2010 06:37 am
There has been a rally in the US stock market off late as the market neared the closure for the day. Straight gains marked the domains dealing on materials and consumer staples. The consumer lending, retail sales are the sectors that marked a mixed result.The completion point, where the Dow Jones Industrial Average ended lies at 121 points, or 1.2%, to 10,139 (DJIA 10,139, +120.71, +1.21%). After a tough week starting with July 4 a rebound is been marked in the market. Dow gained 4.7% and this taken the measures at the right point, where it was at the start of the week.
The S&P 500 Index (SPX 1,070, +9.98, +0.94%) had a rise by 10 points, or 0.9%, finishing at 1,070. The Nasdaq Composite Index on the other hand closed up 16 points, or 0.7%, to 2,175 (COMP 2,175, +15.93, +0.74%).
The sector of Retail sales is passing through fair weather and aggressive promotional measures. The gainers include,
Abercrombie & Fitch (ANF 35.45, +2.55, +7.75%)
Limited Brands (LTD 23.89, -0.32, -1.34%)
Costco Wholesale (COST 54.29, -1.42, -2.55%)
Walgreen (WAG 27.15, -0.97, -3.45%) rising 3.6%.
According to the Labor Department , initial claims for jobless benefits declined by 21,000 to 454,000 in the week ended July 3. This is yet another positive sign.
The finish on Thursday followed a tee pattern to a tee, as the Dow hovered around 10,065 before rising up by about 70 points.
The market rally observed the survival during the late-day release from the Federal Reserve. This represented a fall in the consumer credit for the fourth consecutive month. Thus, there is a decrease in outstanding consumer credit decreased at a seasonally adjusted annual rate of 4.5%, down $9.1 billion to $2.415 trillion.
Treasurys marked a decline as economic optimism gathered strength. This pushed up the 10-year yield above 3% for the first time in nine days to finish at 3.02%.
<a href="http://www.theotcmarket.com/" target="_blank">TheOTCmarket.com</a> offers Stock Newsletter on various hot stocks of the day.
We also offer a news alert service on twitter by following our twits at <a href="http://twitter.com/theOTCmarket" target="_blank">http://twitter.com/theOTCmarket</a>
We publish daily news in the form of our Market Snapshot and also provide daily Hot Stocks for its visitors. Additional attractions for investors and financial institutions are offered in the form of stock alerts, newsletters and other forms of subscribed information.
You can become leader in stock market by keeping track of the daily activity.
Disclaimer:
<a href="http://www.theotcmarket.com/" target="_blank">THEOTCM</a> electronically disseminates information (the “Information”) on its websites, in newsletters, featured reports, spam compliant double-opt in email communications or otherwise pertaining to Featured Stocks’ (the “Issuer” or “Issuers” or “Featured Stock” or “Featured Stocks”), the securities of which are most frequently common stock shares quoted on the Over the Counter Bulletin Board (“OTCBB”) or Pink Sheets. The Information is based on publicly available information, such as quarterly (with unaudited financial statements) and annual reports (with audited financial statements) filed with the Securities and Exchange Commission (“SEC”), quarterly and annual unaudited financial reports and Information and Disclosure Statements filed with the Pink Sheets, the Issuer’s website and information obtained through search engines such as Yahoo Finance, Market Watch, PRnewswire, StockHouse, StockWatch, OTCmarket and Business Wire. We synthesize the Information from these informational sources for our Readers as a starting point for further inquiry into the Issuer and its securities.
THEOTCM is not a registered investment advisor or registered securities broker dealer and the Information should not be construed in any manner, shape or form as investment advice, investment recommendations or opinions or viewpoints regarding the Profiled Company or its securities or as a solicitation to offer, purchase or sell the Profiled Company’s securities. THEOTCM does not endorse, independently verify or assert the truthfulness, completeness, accuracy or reliability of the Information and conducts no due diligence whatsoever of the Profiled Companies. Because the Information is presented on an “as is” basis, your use of the Information is at your own risk. THEOTCM disclaims, expressly and impliedly, all warranties of any kind, including those of merchantability and fitness for a particular purpose or whether the Information is accurate or reliable or free of errors. The Reader hereby indemnifies THEOTCM from any liability for any claimed direct, indirect, incidental, punitive, or consequential damages pertaining to the disseminated Information.
<a href="http://www.theotcmarket.com/" target="_blank">TheOTCmarket.com</a> offers Stock Newsletter on various hot stocks of the day.
We also offer a news alert service on twitter by following our twits at <a href="http://twitter.com/theOTCmarket" target="_blank">http://twitter.com/theOTCmarket</a>
We publish daily news in the form of our Market Snapshot and also provide daily Hot Stocks for its visitors. Additional attractions for investors and financial institutions are offered in the form of stock alerts, newsletters and other forms of subscribed information.
You can become leader in stock market by keeping track of the daily activity.
Disclaimer:<a href="http://www.theotcmarket.com/" target="_blank">THEOTCM</a> electronically disseminates information (the “Information”) on its websites, in newsletters, featured reports, spam compliant double-opt in email communications or otherwise pertaining to Featured Stocks’ (the “Issuer” or “Issuers” or “Featured Stock” or “Featured Stocks”), the securities of which are most frequently common stock shares quoted on the Over the Counter Bulletin Board (“OTCBB”) or Pink Sheets. The Information is based on publicly available information, such as quarterly (with unaudited financial statements) and annual reports (with audited financial statements) filed with the Securities and Exchange Commission (“SEC”), quarterly and annual unaudited financial reports and Information and Disclosure Statements filed with the Pink Sheets, the Issuer’s website and information obtained through search engines such as Yahoo Finance, Market Watch, PRnewswire, StockHouse, StockWatch, OTCmarket and Business Wire. We synthesize the Information from these informational sources for our Readers as a starting point for further inquiry into the Issuer and its securities.
THEOTCM is not a registered investment advisor or registered securities broker dealer and the Information should not be construed in any manner, shape or form as investment advice, investment recommendations or opinions or viewpoints regarding the Profiled Company or its securities or as a solicitation to offer, purchase or sell the Profiled Company’s securities. THEOTCM does not endorse, independently verify or assert the truthfulness, completeness, accuracy or reliability of the Information and conducts no due diligence whatsoever of the Profiled Companies. Because the Information is presented on an “as is” basis, your use of the Information is at your own risk. THEOTCM disclaims, expressly and impliedly, all warranties of any kind, including those of merchantability and fitness for a particular purpose or whether the Information is accurate or reliable or free of errors. The Reader hereby indemnifies THEOTCM from any liability for any claimed direct, indirect, incidental, punitive, or consequential damages pertaining to the disseminated Information.
ABOUT theOTCmarket.com:
TheOTCMarket.com (THEOTCM) is an investor-oriented resource centre offering relevant news and
information vital to investors (individuals and firms) in the financial
sector. It provides independent, unbiased and a comprehensive overview of
any new development and trends in the investor and financial market. We also
provide in-depth analysis, research, insights and similar resources online.
TheOTCmarket.com offers Stock Newsletter on various hot stocks of the day.
We also offer a news alert service on twitter by following our twits at
http://twitter.com/theOTCmarket
We publish daily news in the form of our Market Snapshot and also provide
daily Hot Stocks for its visitors. Additional attractions for investors and
financial institutions are offered in the form of stock alerts, newsletters
and other forms of subscribed information.
You can become leader in stock market by keeping track of the daily
activity.
Disclaimer:
THEOTCM electronically disseminates information (the "Information") on its websites, in newsletters, featured reports, spam compliant double-opt in email
communications or otherwise pertaining to Featured Stocks' (the "Issuer" or
"Issuers" or "Featured Stock" or "Featured Stocks"), the securities of which
are most frequently common stock shares quoted on the Over the Counter
Bulletin Board ("OTCBB") or Pink Sheets. The Information is based on
publicly available information, such as quarterly (with unaudited financial
statements) and annual reports (with audited financial statements) filed
with the Securities and Exchange Commission ("SEC"), quarterly and annual
unaudited financial reports and Information and Disclosure Statements filed
with the Pink Sheets, the Issuer's website and information obtained through
search engines such as Yahoo Finance, Market Watch, PRnewswire, StockHouse,
StockWatch, OTCmarket and Business Wire. We synthesize the Information from
these informational sources for our Readers as a starting point for further
inquiry into the Issuer and its securities.
THEOTCM is not a registered investment advisor or registered securities
broker dealer and the Information should not be construed in any manner,
shape or form as investment advice, investment recommendations or opinions
or viewpoints regarding the Profiled Company or its securities or as a
solicitation to offer, purchase or sell the Profiled Company's securities.
THEOTCM does not endorse, independently verify or assert the truthfulness,
completeness, accuracy or reliability of the Information and conducts no due
diligence whatsoever of the Profiled Companies. Because the Information is
presented on an "as is" basis, your use of the Information is at your own
risk. THEOTCM disclaims, expressly and impliedly, all warranties of any
kind, including those of merchantability and fitness for a particular
purpose or whether the Information is accurate or reliable or free of
errors. The Reader hereby indemnifies THEOTCM from any liability for any
claimed direct, indirect, incidental, punitive, or consequential damages
pertaining to the disseminated Information.
Post Comments
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