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25/9/2007 01:07
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AP , http://biz.yahoo.com/ap/070924/wall_street.html?.v=33
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Stocks Give Up Early Gains to End Lower
Monday September 24, 6:24 pm ET
By Joe Bel Bruno, AP Business Writer
Stocks Finish Lower As Wall Street Gives Up Early Gains Amid Concerns About Credit
NEW YORK (AP) -- Wall Street retreated Monday, taking a break from last week's big advances, as financial stocks fell amid fresh concerns about tightness in the credit markets. With little fresh data to go on Monday, investor enthusiasm weakened by midsession. Sectors from banks to homebuilders showed declines, while technology stocks fared better.
http://biz.yahoo.com/ap/070924/wall_street.html?.v=33
Investors worried that the credit markets might not loosen up despite last week's half-point rate cut by the Federal Reserve. Stocks began to give up their gains after the International Monetary Fund warned the credit upheaval hurting international financial markets would likely be "protracted" and dampen growth of the global economy. The financial sector also weakened after Reuters reported that Deutsche Bank might have to write down a portion of its loan portfolio.
While its stock didn't fall sharply, General Motors Corp. shares lost ground after the United Auto Workers began its first nationwide strike during auto contract negotiations since 1976.
In addition, the stock market's pullback might have been expected following gains last week of more than 2.5 percent in the major stock market averages.
"I think you're seeing some profit taking after last week's rally," said Scott Fullman, director of investment strategy at Israel A. Englander & Co. "You have consumer confidence that is something being closely watched, and you're seeing a general end of quarter nervousness."
The Dow Jones industrials fell 61.13, or 0.44 percent, to 13,759.06.
Broader indicators fell, with the Standard & Poor's 500 index declining 8.02, or 0.53 percent, to 1,517.73, while the Nasdaq composite index lost 3.27, or 0.12 percent, to 2,667.95.
Bonds edged higher, with the yield on the benchmark 10-year Treasury note falling to 4.62 percent from 4.63 percent late Friday. Treasury prices have fallen since last week's rate cut as investors moved back into stocks.
The dollar fell against major currencies, hitting a fresh low against the euro, and gold prices rose.
Oil prices fell as a tropical depression in the Gulf of Mexico dissipated without causing damage to key oil and gas infrastructure. A barrel of light, sweet crude settled down 67 cents at $80.95 on the New York Mercantile Exchange.
There were no major economic reports Monday. However, Dallas Fed President Richard Fisher said a downturn in inflation gives policy makers "some wiggle room" to further cut interest rates. Fed Chairman Ben Bernanke gave a speech on education but did not touch upon economic issues.
Economic data expected to roll out this week could give investors a better sense of whether to expect more of the interest rate cuts that touched off last week's rally. Findings due Tuesday include reports on existing home sales for August and the Richmond Fed's regional survey. Many investors hope readings on durable goods and consumer spending later this week will give the Fed room to cut rates still further when it meets next month.
Among financial stocks, Citigroup Inc. fell 92 cents to $46.59 while JPMorgan Chase & Co. declined 79 cents to $46.34 following the IMF concerns about prolonged tightness in the credit markets and its contention that regulators should tighten their oversight of financial institutions to reign in some of the newer debt products that have in part allowed easy access to credit in recent years.
Housing stocks fell sharply ahead of the data on existing home sales and a report on quarterly results from Lennar Corp. Lennar fell $1.14, or 4.5 percent, to $24.18, while Pulte Homes Inc. ended down $1.06, or 6.6 percent, to $15.10, and D.R. Horton Inc. fell 54 cents, or 3.8 percent, to $13.56.
In corporate news, GM fell 20 cents to $34.74 after thousands of UAW workers walked off the job as negotiations between the union and the automaker remained stymied -- mainly over the issue of job security.
Ford Motor Co. shares rose 25 cents, or 3 percent, to $8.48 after Chief Executive Alan Mullaly said the automaker is in talks with potential buyers of the company's Jaguar and Land Rover brands. The company also began operations of its newest joint-venture factory in China, where it will produce both the Ford and Mazda brands.
Dell Inc. rose 11 cents to $27.87 after it announced it would set up a retail presence in China by selling computers through the country's biggest chain of electronics stores. The deal extends Dell's strategy of expanding beyond its traditional Internet-and-phone sales model into retail to better compete with rivals.
The Russell 2000 index of smaller companies fell 7.31, or 0.90 percent, 805.80.
Declining issues beat out advancers 5-to-3 on the New York Stock Exchange. Consolidated volume came to 3.12 billion shares, down from 3.67 billion shares Friday.
In European trading, Britain's FTSE 100 rose 0.14 percent, Germany's DAX index fell 0.08 percent, and France's CAC-40 shed 0.14 percent. In Asia, Hong Kong's Hang Seng Index rose 2.74 percent. Japan's market was closed for a holiday.
New York Stock Exchange: http://www.nyse.com
Nasdaq Stock Market: http://www.nasdaq.com
http://biz.yahoo.com/ap/070924/wall_street.html?.v=33
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2 de 6
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Modifié le 25/9/2007 09:26
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Messages postés: 1509 -
Membre depuis: 15/12/2006
From Larry Levin,
--------------------------
reply-to info@secretsoftraders.com , date 25 Sep 2007 02:13 , subject Secrets of Traders Newsletter and Trading Signals
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Are We On Our Way Down?
Dear Trader,
Well the first test is Tuesday. This market wants to test lower prices and the first push will be the Consumer Confidence as well as the Home Sales Report that both come out at 9:00 a.m. Chicago time.
These reports will really set the tone for the rest of the week as they are a couple of biggies. Remember if we get disappointing news on either (or both) of these reports we will see more sellers than you can shake a stick at.
The volume was fairly light on Monday, but look for that to change only if we get an unexpected reading from the economic data. I would love to see a bullish number on the homes sales report. That might shake things up a bit.
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Modifié le 25/9/2007 09:42
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Messages postés: 1509 -
Membre depuis: 15/12/2006
LA CLOTURE DE WALLSTREET
___________________________
http://commerzbank.zonebourse.com/wm/WarrantMatin199.pdf
Wall Street n'a pu confirmer ses bonnes dispositions initiales: l'ensemble des indices clôture dans le rouge, les
écarts à la baisse s'avèrent même supérieurs à ceux observés à la hausse en tout début de séance. Le Dow
Jones abandonne -0,44% (le 'S&P' -0,53%), tandis que le Nasdaq s'effrite de -0,12% (après avoir affiché plus de
0,7% peu avant l'heure du déjeuner). Le 'Composite' avait été dopé initialement par la hausse de Microsoft
(+1,5%) qui bénéficie de l'effet 'Halo', la version N°3 du jeu vedette vient d'être présentée au salon mondial du jeu
video (elle a connu un vif succès). La hausse d'EMC (+7,8%) est demeurée un cas isolé, Garmin a pris +5,4%,
Apple a gagné +2,8% (Citigroup Smith Barney -toujours à l'achat sur la valeur- a publié une note particulièrement
positive) les géants Google, Research In Motion et Amazon +1,4%. Mais ces hausses ont été contrebalancées
par les lourds replis d'E-Trade (-7,2%), d'UAL (-6,4%), de Tellabs (-4,1%), de Sandisk et Sepracor (-3,2%), Ross
Stores (-2,1%) et Sears (-1,9%).
Si les valeurs du secteur de la distribution souffert, c'est en relation directe avec les difficultés du secteur financier
et la remontée des taux (le rendement du T-Bond 2017 affiche 4,63% contre 4,3% lundi dernier).
Les investisseurs américains ont été affectés par les difficultés de la Deutsche Bank puis l'ampleur de l'exposition
d'ING sur les 'subprime' (et pas seulement ceux émis aux Etats Unis): ces deux banques détiennent
respectivement plus de 27 et près de 29MdsE de crédit potentiellement 'à risque'.
A la veille de la publication des reventes de logements anciens (attention à l'alourdissement des stocks) et de la
confiance des ménages, les promoteurs ont été durement chahutés: Pulte Homes a dévissé de -6,6%, KB Homes
de -5,6%, DR Horton de -3,8%, Lennar de -4,5%.
Les spécialistes du crédit immobilier ont été entrainés sur la mauvaise pente (Countrywide affichait -6,2%, Bear
Stearns -3,7%, Washington Mutual -3,2%), ainsi que de grandes banques d'investissement comme JP Morgan
(-1,7%), Morgan Stanley et Cap One Financial (-3,3%) ou commerciales (Citigroup lâchait -1,5%, Merrill Lynch
-1,4%).
grève lancé par le syndicat United Auto Workers (UAW) aux salariés de General Motors.
Quelques spécialistes ne peuvent s'empêcher de pronostiquer un prochain accès de faiblesse plus marqué sur les
marchés boursiers US.
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4 de 6
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25/9/2007 10:02
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Messages postés: 4515 -
Membre depuis: 14/7/2007
on s est bien fait ballader ils ont fini leurs comptes entre deux 3 sorc a +1.3
et now on peut y aller !
ils controlent tout !
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5 de 6
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Modifié le 25/9/2007 10:26
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Messages postés: 1509 -
Membre depuis: 15/12/2006
Un moyen de contrôle, rembourser son stop-loss / voir : http://fr.advfn.com/p.php?pid=fbb_thread&id=603323&bb_id=5
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6 de 6
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25/9/2007 14:14
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Messages postés: 1509 -
Membre depuis: 15/12/2006
Market calendar
---------------
25/09/2007 06:00 EUR German Import Price Index m/m -0.7% 0.0% 0.3%
25/09/2007 06:45 EUR French Consumer Spending m/m 1.0% 0.3% 1.6%
25/09/2007 08:00 CHF Consumption Indicator 1.932 2.258
25/09/2007 08:00 EUR Italian Retail Sales m/m -0.1% 0.1% 0.2%
25/09/2007 08:00 EUR German Ifo Business Expectations Index 98.7 99.5 100.4
25/09/2007 08:00 EUR German Ifo Business Climate Index 104.2 105.0 105.8
25/09/2007 08:30 GBP Business Investment q/q (r) 0.4% 0.8% 0.8%
25/09/2007 09:00 EUR Italian Trade Balance 1.81B 1.43B 0.38B
25/09/2007 13:00 NZD Consumer Confidence 111.4
25/09/2007 13:00 USD National Home Price Index 199.2
25/09/2007 14:00 USD Richmond Fed Index 5 7
25/09/2007 14:00 USD Consumer Confidence 104.5 105.0
25/09/2007 14:00 USD Existing Home Sales 5.50M 5.75M
25/09/2007 20:05 CAD BOC Governor Dodge Speaks
25/09/2007 22:45 NZD Trade Balance -0.99B -0.79B
25/09/2007 23:50 JPY Trade Balance 0.74T 0.82T
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Stocks Give Up Early Gains to End Lower
Monday September 24, 6:24 pm ET
By Joe Bel Bruno, AP Business Writer
Stocks Finish Lower As Wall Street Gives Up Early Gains Amid Concerns About Credit
NEW YORK (AP) -- Wall Street retreated Monday, taking a break from last week's big advances, as financial stocks fell amid fresh concerns about tightness in the credit markets. With little fresh data to go on Monday, investor enthusiasm weakened by midsession. Sectors from banks to homebuilders showed declines, while technology stocks fared better.
http://biz.yahoo.com/ap/070924/wall_street.html?.v=33
Investors worried that the credit markets might not loosen up despite last week's half-point rate cut by the Federal Reserve. Stocks began to give up their gains after the International Monetary Fund warned the credit upheaval hurting international financial markets would likely be "protracted" and dampen growth of the global economy. The financial sector also weakened after Reuters reported that Deutsche Bank might have to write down a portion of its loan portfolio.
While its stock didn't fall sharply, General Motors Corp. shares lost ground after the United Auto Workers began its first nationwide strike during auto contract negotiations since 1976.
In addition, the stock market's pullback might have been expected following gains last week of more than 2.5 percent in the major stock market averages.
"I think you're seeing some profit taking after last week's rally," said Scott Fullman, director of investment strategy at Israel A. Englander & Co. "You have consumer confidence that is something being closely watched, and you're seeing a general end of quarter nervousness."
The Dow Jones industrials fell 61.13, or 0.44 percent, to 13,759.06.
Broader indicators fell, with the Standard & Poor's 500 index declining 8.02, or 0.53 percent, to 1,517.73, while the Nasdaq composite index lost 3.27, or 0.12 percent, to 2,667.95.
Bonds edged higher, with the yield on the benchmark 10-year Treasury note falling to 4.62 percent from 4.63 percent late Friday. Treasury prices have fallen since last week's rate cut as investors moved back into stocks.
The dollar fell against major currencies, hitting a fresh low against the euro, and gold prices rose.
Oil prices fell as a tropical depression in the Gulf of Mexico dissipated without causing damage to key oil and gas infrastructure. A barrel of light, sweet crude settled down 67 cents at $80.95 on the New York Mercantile Exchange.
There were no major economic reports Monday. However, Dallas Fed President Richard Fisher said a downturn in inflation gives policy makers "some wiggle room" to further cut interest rates. Fed Chairman Ben Bernanke gave a speech on education but did not touch upon economic issues.
Economic data expected to roll out this week could give investors a better sense of whether to expect more of the interest rate cuts that touched off last week's rally. Findings due Tuesday include reports on existing home sales for August and the Richmond Fed's regional survey. Many investors hope readings on durable goods and consumer spending later this week will give the Fed room to cut rates still further when it meets next month.
Among financial stocks, Citigroup Inc. fell 92 cents to $46.59 while JPMorgan Chase & Co. declined 79 cents to $46.34 following the IMF concerns about prolonged tightness in the credit markets and its contention that regulators should tighten their oversight of financial institutions to reign in some of the newer debt products that have in part allowed easy access to credit in recent years.
Housing stocks fell sharply ahead of the data on existing home sales and a report on quarterly results from Lennar Corp. Lennar fell $1.14, or 4.5 percent, to $24.18, while Pulte Homes Inc. ended down $1.06, or 6.6 percent, to $15.10, and D.R. Horton Inc. fell 54 cents, or 3.8 percent, to $13.56.
In corporate news, GM fell 20 cents to $34.74 after thousands of UAW workers walked off the job as negotiations between the union and the automaker remained stymied -- mainly over the issue of job security.
Ford Motor Co. shares rose 25 cents, or 3 percent, to $8.48 after Chief Executive Alan Mullaly said the automaker is in talks with potential buyers of the company's Jaguar and Land Rover brands. The company also began operations of its newest joint-venture factory in China, where it will produce both the Ford and Mazda brands.
Dell Inc. rose 11 cents to $27.87 after it announced it would set up a retail presence in China by selling computers through the country's biggest chain of electronics stores. The deal extends Dell's strategy of expanding beyond its traditional Internet-and-phone sales model into retail to better compete with rivals.
The Russell 2000 index of smaller companies fell 7.31, or 0.90 percent, 805.80.
Declining issues beat out advancers 5-to-3 on the New York Stock Exchange. Consolidated volume came to 3.12 billion shares, down from 3.67 billion shares Friday.
In European trading, Britain's FTSE 100 rose 0.14 percent, Germany's DAX index fell 0.08 percent, and France's CAC-40 shed 0.14 percent. In Asia, Hong Kong's Hang Seng Index rose 2.74 percent. Japan's market was closed for a holiday.
New York Stock Exchange: http://www.nyse.com
Nasdaq Stock Market: http://www.nasdaq.com
http://biz.yahoo.com/ap/070924/wall_street.html?.v=33