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Heavy Volume, Gains in Tech, Finance, Energy
Sep 16, 4:53 PM ET |
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| Tech and financial sectors supported a narrow rally on a day of triple options expiration and S&P rebalancing. Oil dropped to $63 per barrel. |
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| What a busy day. Heavy volume on NASD and NYSE, oil dropped close to 3%, bond yield rose to 4.26%, Intel and ExxonMobil got upgrades and finacials and tech stocks led the rally on a day when options expire and S&P rebalances the index. Home builders fell, semis rose and energy stocks advance despite fall in oil price. |
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Techs Lead Narrow Rally
Sep 16, 12:41 AM ET |
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| Oil prices dropped 75 cents to $64 a barrel on lower fuel demand OPEC forecast. Gold reached a 17-month high. |
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| Blue-chip companies Exxon Mobil Corp. and Intel Corp. advanced on brokerage upgrades.The Commerce Department reported that current account deficit narrowed to $197.7 billion in 2Q from $198.7 billion in 1Q.The consumer confidence index fell to 76.9 in September from 89.1 in August. |
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Market Up, Gold Hits a New High
Sep 16, 10:02 AM ET |
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| Gold prices reached a 17-year high. Crude-oil prices dropped on lower demand OPEC forecast. |
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| Asian markets finished mostly down with the Nikkei losing 0.2% on tech stocks sell-off. European shares were trading higher at mid-day ahead of general election in Germany with the DAX 30 higher1.4%. No major earnings reports are expected today. Economic data on current-account deficit and consumer sentiment due later in the day. |
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