Market news
29.04.2011, 17:36

Dow +63.01 at 12826.41, Nasdaq +1.98 at 2874.51, S&P +3.14 at 1363.62

Strength among a few blue chips has the Dow up solidly to its best level in nearly three years, but the tech-rich Nasdaq remains mired near the neutral line.
Shares of Caterpillar (CAT 115.62, +2.98) have spiked to a record high on the back of a better-than-expected earnings report. An upside earnings surprise from Merck (MRK 35.90, +0.13) and an analyst upgrade of Procter & Gamble (PG 64.96, +0.46) have helped the Dow extend its recent streak of gains - it's up for the seventh time in eight sessions.
Microsoft (MSFT 25.59, -1.12) has been a drag on the Dow, though. Its 4% drop comes as investors shrug off better-than-expected earnings in light of the firm's narrowed margins and reduced target prices among a handful of analysts. Verizon (VZ 37.75, -0.52) has also hampered the Dow following its downgrade at Citigroup.
Research In Motion (RIMM 49.01, -7.58) is in some of the worst shape of any stock this session. Its precipitous drop to a a six-month low comes in response to a disappointing forecast.

   

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location