Markets in the U.S. have been trading modestly lower all morning and are heading into the lunch break trading just off their session lows as they look ready to snap a four-day winning streak.
At noon on Wall Street, the S&P 500 is trading lower by 0.29%, the Dow is off by 0.23%, the Nasdaq has fallen 0.24%, and the Russell 2000 is sporting a 0.91% loss.
Transportation shares in the airline and railroad space are
U.S. stock markets pulled back modestly from near record levels today as investors struggled to maintain the gaining mode as the USD extended the higher edge.
United States markets lost ground as traders and investors looked over a mixed bag of earnings from retailers. Health care stocks traded lower.
Shares of the retailers Gap, Abercrombie & Fitch and Williams-Sonoma dropped after the companies announced weak quarterly reports. The Dow Jones Industrial Average lost 35 points to
Japan’s Nikkei finished unchanged yesterday, but it is making up for lost ground today, trading near its session high with a gain of 0.84% heading into the lunch hour.
Japanese investors are reacting to the overnight strength on Wall Street combined with a much weaker Yen versus the U.S. dollar yesterday.
The morning’s gain has seen the Nikkei retake the 18,000 level, with major Japanese export companies leading the charge higher.
The USD/JPY traded at the
The US economy is apparently in bad shape. What is less clear is how we came here.
Opinions differ as to when and where the story begins, but many experts are tracking the origins of the current economic bubble on the real estate bubble that emerged at the beginning of the decade.
Housing prices rose more than 6 percent in 1999, rising rapidly and steadily over the decade, according to a Brookings Institution study.
Nortel Still Looking for Bottom
The hits keep on coming in the telecom equipment sector. Last Friday, Nortel Networks became the latest victim in the plague that has struck Cisco Systems (CSCO, info), Lucent Technologies (LU, info), and JDS Uniphase (JDSU, info).
The Ontario-based company warned that it expects a second-quarter operating loss of $1.5 billion, or 48 cents a share, much larger than the six-cents-a-share loss Wall Street expected. Including one-time charges, Nortel expects to
Online broker Ameritrade has a reputation for entertaining television ads. So, too, has rival E-Trade. But their stocks have turned in less-than-amusing performance.
Just look at how these brokerages performed after reporting results that exceeded even the most optimistic expectations. In the first quarter, Ameritrade netted 306,000 new accounts — nearly equal to the 332,000 new accounts it tallied in all of 1999. Still, the stock price dropped — along with the rest of the Nasdaq