NO SPAM | No Advertising | No Requests | Only Small Chat | Only Registered Users
Remove Text Formatting
Loading...

+ Reply to Thread
Results 1 to 3 of 3
Share |

Thread: Wall Street Rally.......

  1. #1
    Join Date
    May 2007
    Posts
    52
    Points
    2,982
    Level
    33
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Smile Wall Street Rally.......

    The major indices traded at session highs and the financial sector is up 10%, accounting for 15.2 points of the S&P 500's advance.

    Wells Fargo reported second quarter earnings of $0.53 per share, topping Wall Street's expectation by $0.03. In addition, the San Francisco-based bank raised its dividend by 10%, indicating it is in a solid financial position despite the current environment. The stock spiked 32% on the news.

    This, along with better-than-expected earnings from Charles Schwab (SCHW 21.91, +2.69), Northern Trust (NTRS 76.00, +8.81) and Marshall & Ilsley (13.61, +2.02) sent the financial sector soaring to a 12.3% gain -- the largest advance since it was created in 1989.

    It was a solid session outside of financials as well, with eight of the ten economic sectors posting an advance, aided by the second straight day of tumbling oil prices, bargain hunting and short-covering.

    With regard to crude oil, prices fell 3.1% after a government report showed an unexpected crude and gasoline inventory build, sparking a rally in energy-price sensitive areas.

  2. #2
    Join Date
    Apr 2007
    Location
    India
    Posts
    179
    Points
    11,112
    Level
    69
    Thanks
    2
    Thanked 1 Time in 1 Post

    Blog Entries
    7

    Smile Rally at wallstreet again....

    Stocks had another strong finish Thursday as all three of the major indices finished more than 1% higher. The Dow Jones Industrial Average had the best performance, finishing near its high with a 1.9% gain.


    Falling crude prices helped revive the optimistic mood among investors. Stocks had actually succumbed to selling pressure midday, but when crude dipped lower the stock market rallied. Crude shed roughly $5 to finish below $130 per barrel, its lowest level in more than one month.


    Positive economic data also lent support to Thursday's advance. Housing starts for June increased 9.1% to an annualized rate of 1.066 million units, which is above the 960,000 consensus estimate. The lift in residential construction bodes well for overall economic activity.
    "A market analyst is an expert who will know tomorrow why the things he predicted yesterday didn't happen today!"

  3. #3
    Join Date
    Aug 2008
    Posts
    2
    Points
    1,516
    Level
    22
    Thanks
    0
    Thanked 0 Times in 0 Posts

    the major commodities like silver drops from 26k to 21k@18% of loss in the simmilar fashiongold and all other commodities goes for a sharp fall
    i think it is the right and perfect time to invest in shres fertilizers power and refineries and wait for one week to bottom up the gold and silver commodities prices
    expectations to continues the raly of bse till 16k to 16.350k

+ Reply to Thread

Similar Threads

  1. D'Street Community is @dstreedirect, On Twitter Now!!!
    By admin in forum Help And Support
    Replies: 0
    Last Post: 04-07-10, 07:40 AM
  2. Hello All in Dalal street Forums N BLOGS
    By arkark in forum Introduce Yourself...
    Replies: 1
    Last Post: 07-03-08, 03:44 PM
  3. Hi,Dalal street community
    By vjnk in forum Introduce Yourself...
    Replies: 0
    Last Post: 26-02-08, 09:50 PM
  4. RPL another rally started.. target 300 +
    By dxbanu in forum Introduce Yourself...
    Replies: 0
    Last Post: 06-01-08, 01:15 AM
  5. Dalal Street Forums At dstreetdirect.com
    By admin in forum Welcome
    Replies: 0
    Last Post: 18-11-07, 08:12 AM

Visitors found this page by searching for:

Nobody landed on this page from a search engine, yet!

Tags for this Thread

Posting Permissions

  • You may post new threads
  • You may post replies
  • You may not post attachments
  • You may edit your posts
Increase your website traffic with Attracta.com

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56