Silke
28.12.2000, 14:44
Hallo Leute,
irgendwie wiederholt sich alles immer wieder. Vor zwei Wochen glaube ich, hatte man IBM nach unten gesetzt. Dann eine Revidierung des Urteils um dies jetzt wiederum zunichte zu machen!
Wir befinden uns in einer recht schweren Zeit - aber die ANAL....ysten haben immer noch Lust dazu uns einen oben druff zu geben!
so long
MM
U.S. stocks set for weak start, IBM weighs on mood
(UPDATE: Recasts, updates with IBM in paragraphs 1, 2, futures in paragraph 4)
By Denise Duclaux
NEW YORK, Dec 28 (Reuters) - U.S. stocks were poised for a weak opening on Thursday as investors are expected to pocket profits and a top Wall Street firm cut its revenue outlook for International Business Machines Corp. (NYSE:IBM - news)
Prudential Securities trimmed its revenue projection for the computer bellwether for the fourth quarter to $24.5 billion from $25.3 billion. The Dow component's share price dropped to $82-1/4 in premarket trading from a close of $84-11/16 on Wednesday on the New York Stock Exchange.
Profit warnings kept market sentiment bearish. The nation's largest railroad, Union Pacific Corp., (NYSE:UNP - news) after the opening bell on Wednesday joined marquee names like Intel Corp. (NasdaqNM:INTC - news), General Motors Corp. (NYSE:GM - news) and Eastman Kodak Co. (NYSEhttp://www.stock-channel.net/Board/smilies/eek2.gif - news) in warning results will disappoint investors amid an economic slowdown.
With more than an hour to go before the opening bell, the Nasdaq 100 index futures had shed 34.00 points to 2,472.50. Standard & Poor's 500 Index futures had lost 6.50 points to 1,344.00. Dow Jones industrial average futures had fallen 60 points to 10,910.
``The averages are going to open lower,'' said Prudential Securities analyst Larry Wachtel. ``We have a struggle here to put together two back-to-back days of gains. There is a tendency to sell into strength. There is no catalyst.''
Investors are betting the U.S. Federal Reserve will slash interest rates as a slowing economy casts a cloud on corporate profits, consumer confidence and the stock market. Some are hoping a rate cut could come before the central bank's next monetary policy meeting on Jan. 31.
How consumer confidence is holding up amid talk of corporate layoffs and rumblings about the possibility of recession will grab investors' attention on Thursday.
And since a major contributor to consumer confidence is perceptions about job security and employment prospects, analysts said, the Labor Department's weekly report on new and continuing claims for unemployment insurance could also grab the market's attention.
U.S. jobless claims fell in the latest week to 333,000 from a revised 356,000 the prior week, the Labor Department reported before the market opened.
The Conference Board's report on consumer confidence is scheduled for 10 a.m. (1500 GMT).
Economists polled by Reuters estimated, on average, that the Conference Board's consumer confidence measure fell to 128.7 in December from 133.5 in November. Their average estimate of new jobless claims in the week ended Dec. 23 was 351,000, versus 354,000 in the previous week.
Trading activity was expected to be light as market players take time out from the office and enjoy the days between the Christmas holiday and New Year's Eve.
Stocks rose on Wednesday as investors put aside worries about worsening profits and bought post-holiday bargains among beleaguered high-tech, retail and consumer shares.
The tech-heavy Nasdaq composite index (^IXIC - news) rose 45.83 points, or 1.84 percent, to 2,539.35, after getting off to a weak start.
The blue chip Dow Jones industrial average (^DJI - news) gained 110.72 points, or 1.04 percent, at 10,803.16, its fourth close in a row in the black.
irgendwie wiederholt sich alles immer wieder. Vor zwei Wochen glaube ich, hatte man IBM nach unten gesetzt. Dann eine Revidierung des Urteils um dies jetzt wiederum zunichte zu machen!
Wir befinden uns in einer recht schweren Zeit - aber die ANAL....ysten haben immer noch Lust dazu uns einen oben druff zu geben!
so long
MM
U.S. stocks set for weak start, IBM weighs on mood
(UPDATE: Recasts, updates with IBM in paragraphs 1, 2, futures in paragraph 4)
By Denise Duclaux
NEW YORK, Dec 28 (Reuters) - U.S. stocks were poised for a weak opening on Thursday as investors are expected to pocket profits and a top Wall Street firm cut its revenue outlook for International Business Machines Corp. (NYSE:IBM - news)
Prudential Securities trimmed its revenue projection for the computer bellwether for the fourth quarter to $24.5 billion from $25.3 billion. The Dow component's share price dropped to $82-1/4 in premarket trading from a close of $84-11/16 on Wednesday on the New York Stock Exchange.
Profit warnings kept market sentiment bearish. The nation's largest railroad, Union Pacific Corp., (NYSE:UNP - news) after the opening bell on Wednesday joined marquee names like Intel Corp. (NasdaqNM:INTC - news), General Motors Corp. (NYSE:GM - news) and Eastman Kodak Co. (NYSEhttp://www.stock-channel.net/Board/smilies/eek2.gif - news) in warning results will disappoint investors amid an economic slowdown.
With more than an hour to go before the opening bell, the Nasdaq 100 index futures had shed 34.00 points to 2,472.50. Standard & Poor's 500 Index futures had lost 6.50 points to 1,344.00. Dow Jones industrial average futures had fallen 60 points to 10,910.
``The averages are going to open lower,'' said Prudential Securities analyst Larry Wachtel. ``We have a struggle here to put together two back-to-back days of gains. There is a tendency to sell into strength. There is no catalyst.''
Investors are betting the U.S. Federal Reserve will slash interest rates as a slowing economy casts a cloud on corporate profits, consumer confidence and the stock market. Some are hoping a rate cut could come before the central bank's next monetary policy meeting on Jan. 31.
How consumer confidence is holding up amid talk of corporate layoffs and rumblings about the possibility of recession will grab investors' attention on Thursday.
And since a major contributor to consumer confidence is perceptions about job security and employment prospects, analysts said, the Labor Department's weekly report on new and continuing claims for unemployment insurance could also grab the market's attention.
U.S. jobless claims fell in the latest week to 333,000 from a revised 356,000 the prior week, the Labor Department reported before the market opened.
The Conference Board's report on consumer confidence is scheduled for 10 a.m. (1500 GMT).
Economists polled by Reuters estimated, on average, that the Conference Board's consumer confidence measure fell to 128.7 in December from 133.5 in November. Their average estimate of new jobless claims in the week ended Dec. 23 was 351,000, versus 354,000 in the previous week.
Trading activity was expected to be light as market players take time out from the office and enjoy the days between the Christmas holiday and New Year's Eve.
Stocks rose on Wednesday as investors put aside worries about worsening profits and bought post-holiday bargains among beleaguered high-tech, retail and consumer shares.
The tech-heavy Nasdaq composite index (^IXIC - news) rose 45.83 points, or 1.84 percent, to 2,539.35, after getting off to a weak start.
The blue chip Dow Jones industrial average (^DJI - news) gained 110.72 points, or 1.04 percent, at 10,803.16, its fourth close in a row in the black.