| Market Summary |
Markets closed mixed today, as the Nasdaq managed to gain 13.15 points, while the Dow fell by 3.76 points. Disappointing sales results for Wal-Mart contributed to the Dow's drop. On the other side of things, Dow companies like Hewlett-Packard (HPQ: Charts, News, Offers), General Motors (GM: Charts, News, Offers) and McDonald's MCD all managed gains today. Trading volume today was lower than it was Friday, as investors seemed to ponder whether recent advances in the markets would be able to continue. In terms of economic news, personal income rose 0.5 percent in September, which beat analysts' expectations. Personal spending only increased by 0.1 percent, which was less than expected.
| More Markets Data
|
|
| Today's issue is sponsored by FX Solutions:
FX Solutions: Forex World Series Trading Championship.
Experience our industry leading price feed in a competition
to find the best Forex trader. Win up to $25,000! Featuring
over $40,000 in total prizes! Open a live account today for
as little as $250 to be eligible. FX Solutions...Advantage, Trader.
www.forexworldseries.com |
|
| Market News |
Increased pay and falling gas prices helped put more money into consumers' pockets in September, but they didn't rush to stores to spend that money, according to a government report Monday.
Spending by consumers rose just 0.1 percent in September, the Commerce Department reported, after a revised 0.2 percent rise in August. Economists surveyed by Briefing.com had looked for a 0.3 percent increase. (Source: CNN Money) Full Story
|
Merck & Co. Inc. (MRK: Charts, News, Offers) on Monday said it agreed to acquire biotechnology firm Sirna Therapeutics Inc. (RNAI: Charts, News, Offers) for $1.1 billion in cash to bolster the drugmaker's research and development efforts in areas such as cancer treatments.
Merck agreed to pay $13 per share for Sirna -- more than double Sirna's Nasdaq closing stock price of $6.45 on Monday. (Source: Reuters) Full Story
|
MetLife Inc., one of the nation's biggest insurance companies, said Monday third-quarter profit rose 34.6 percent as it earned higher revenue from premiums and fees.
New York-based MetLife reported that net income available to common shareholders increased to $999 million, or $1.29 per share, up from $742 million, or 97 cents per share, in the same period last year. Third-quarter revenue rose to $12.55 billion, up from $11.98 billion a year ago. (Source: Yahoo! Finance) Full Story
|
|
Track any stock instantly with the NEW Research Assistant on InvestorGuide.com!
Watching the latest changes in the stocks most important to you has never been easier!
With this great new tool, you'll be able to see recent price changes for as many as 10 stocks at one time. You can easily add stocks to your personalized Stock Tracker from the InvestorGuide Hot Stocks list. Companies automatically compiled on the Recently Viewed tool based on your latest visits to the Research section can also be added instantly.
Access to the updated price changes for your favorite stocks all in one place is just one click away. Try it now!
|
|
| Market Analysis |
Holidays are a time when Americans kick back and engage in activities that make no economic sense whatsoever. Of all the terrors lurking in the streets and alleys across the U.S. tomorrow night, the economics of Halloween may be the most horrific. (Source: Bloomberg) Full Story
|
The success of the entrepreneurs behind Digg, YouTube, and Facebook is undoubtedly inspiring a growing group of young, energetic, and self-reliant hopefuls. Although many of them were in middle school during the dot-com boom, Generation Y'ers are seeing upstart companies worth big bucks for the second time in their lives and are increasingly willing to gamble that their startups will fly. (Source: BusinessWeek) Full Story
|
Everyone knows that this market is marching to the beat of a different drummer. Not a day goes by when a columnist isn't warning investors about the increasing risks. Many have been encouraging investors who are long to take profits and to tread lightly in the extended conditions.
Pros who have been in the market for some time know how quickly things can change, and this time is no exception. (Source: TheStreet) Full Story
|
| More news and commentary | |
|
|
| Our Sites |
|---|
WiserAdvisor
InvestorGuide
InvestorWords
WebFinance Consulting |
|
| Market Overview |
|---|
| DJIA |
12,086.50 |
-3.76 |
| S&P |
1,377.93 |
+0.59 |
| NASDAQ |
2,363.77 |
+13.15 |
| 10Yr |
4.6730% |
-0.0020 |
| More market statistics |
Market Overview brought to you by:
| |
|
| Stock Research |
|---|
|
| Your personal research page |
|
| On This Date |
|---|
| October 30, 1929: The day after Black Tuesday. The Dow Jones Industrial Average gains 13%, its third best day in history. |
|
|
| Notable Quotable |
|---|
| The highest use of capital is not to make more money, but to make money do more for the betterment of life - Henry Ford |
|
|
|
|
|
| Previous Newsletters |
|---|
| October 27, 2006 |
| October 26, 2006 |
| October 25, 2006 |
| October 24, 2006 |
| October 23, 2006 |
|
Back to newsletter list
