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US Stocks Set to Slip
The Dow Jones industrial average (INDU), S&P 500 (SPX) and Nasdaq were lower but with a narrow margin and were somehow ahead of the opening market prices.
The Futures measure for current index values turned out to be anti to the future performances perceived so far.
Wednesday marked a surge in the stock market as the stronger action of Euro boosted the shares in the commodity. Investors even eyed on the decision taken by the regional bank State Street that has stated that it will be raising the earning forecast. This has really marked a positive effect in the finance sector.
Although, there has been a one-day rebound in the market but pressure is been created in the market. As the worries on the economy persisted, the investors still remained mistrustful leaving themselves ahead of the season of earning.
The weekly report on jobless claims is scheduled for a release by the Department of Labor prior to the opening of the market. It is expected that there will be as fall in the claim taking it to 460,000.
The report on the June sales for the chain stores opened for a year or more is also on the verge of release. This report is also referred as the same store sales report.
This afternoon is also looking forward to the report on the May credit by the government. It is been expected that after a rise by $1 billion, a fall by $3 billion will be observed this time.
There has been a rise in the European shares during the morning trading session. There has been a rise in the FTSE 100 of Britain and CAC 40 of France by 1%. On the other hand DAX from Germany edged up by 0.4%.
The closure had a mixed experience for the Asian market.There has been an addition of 1% by Hang Seng from Hong Kong and a rise by 2.8% for Nikkei, Japan. On the contrary, Shanghai Composite had a fall by 0.3%.
The dollar has fallen down against euro but is far up in comparison to the British pound and the Japanese Yen.
U.S. light crude oil has a rise by 67 cents to $74.74 a barrel.
Gold futures added $1 to $1,199.90 per ounce.
The prices of Treasury rose. This pushed the yield to 2.97% on the 10-year note from 2.98%.
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.
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By bwcolemen on Markets | Thursday July 08, 2010 09:04 am
Thursday took US stocks on the verge of slipping down after a big rally-taking place during the last session. The investors are also anxiously awaiting the new set of news from the retail and employment domain.The Dow Jones industrial average (INDU), S&P 500 (SPX) and Nasdaq were lower but with a narrow margin and were somehow ahead of the opening market prices.
The Futures measure for current index values turned out to be anti to the future performances perceived so far.
Wednesday marked a surge in the stock market as the stronger action of Euro boosted the shares in the commodity. Investors even eyed on the decision taken by the regional bank State Street that has stated that it will be raising the earning forecast. This has really marked a positive effect in the finance sector.
Although, there has been a one-day rebound in the market but pressure is been created in the market. As the worries on the economy persisted, the investors still remained mistrustful leaving themselves ahead of the season of earning.
The weekly report on jobless claims is scheduled for a release by the Department of Labor prior to the opening of the market. It is expected that there will be as fall in the claim taking it to 460,000.
The report on the June sales for the chain stores opened for a year or more is also on the verge of release. This report is also referred as the same store sales report.
This afternoon is also looking forward to the report on the May credit by the government. It is been expected that after a rise by $1 billion, a fall by $3 billion will be observed this time.
There has been a rise in the European shares during the morning trading session. There has been a rise in the FTSE 100 of Britain and CAC 40 of France by 1%. On the other hand DAX from Germany edged up by 0.4%.
The closure had a mixed experience for the Asian market.There has been an addition of 1% by Hang Seng from Hong Kong and a rise by 2.8% for Nikkei, Japan. On the contrary, Shanghai Composite had a fall by 0.3%.
The dollar has fallen down against euro but is far up in comparison to the British pound and the Japanese Yen.
U.S. light crude oil has a rise by 67 cents to $74.74 a barrel.
Gold futures added $1 to $1,199.90 per ounce.
The prices of Treasury rose. This pushed the yield to 2.97% on the 10-year note from 2.98%.
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
- Stocks Maintain it's Upward Graph
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- US Stock is Looking Forward to Job Report
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