04-15-2009, 08:34 AM
|
#1 |
Join Date: Apr 2009 Location: Kittery Thanks: 0
Thanked 0 Times in 0 Posts
| B4 the Bell News Commentary
We have seen a choppy ride this morning before the open, with the market moving down and up. Intel reported profits down on falling demand. Intel indicated that we may be near a bottom, but sees a fragile economy ahead. The technology sector is trading down on the news.
Swiss bank UBS report a Q1 loss and announced plans to cut 7,500 more jobs. Further job cuts, of this magnitude two year into the sub-prime mess, is not good news for the banking sector. Citi Group reported large profit gains in China. The Citi news may create mixed sentiments for the financial sector today.
Before the open, it appears we can expect to see some declines today for VGT and HVI.
The CPI report this morning indicated a bigger than expected decline. This indicates inflation is not a concern in the near term. |
| |
Linear Mode
