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Old 11-06-06, 04:52 AM
Kizen's Avatar Kizen Kizen is offline
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Thumbs down Wall Mart Expecting A New Trend


U.S. stocks fell previous week, breaking the longest winning streak since 2005, as reports on manufacturing and consumer spending and they suggested that the economy may slow enough to curtail profit growth. U.S. stocks may rise slightly this week as companies wrap up a strong quarterly earnings season, but the U.S. mid-term elections and worries about an economic slowdown could keep many investors to think more while investing.

Wall Mart forecast it worst monthly sales performance in more then 10 years, and the consumer confidence unexpectedly dropped adding to that Telecommunication shares drooped when the report in the market that the reported earning that trailed some analyst estimation.

When markets open on Monday, oil prices and stocks may get rock by reaction to the Sunday judgment that expel Iraqi leader Saddam Hussein was sentenced to death by hanging. According to the data that showed rising labor costs and falling unemployment also damped optimism that the Federal Reserve may cut interest rates.


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Old 11-06-06, 02:27 PM
patanx's Avatar patanx patanx is offline
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U.S. stock futures up after downbeat week

U.S. stock market futures on Monday headed higher after losses last week, with a cooling off of oil prices helping to bring bulls back into the market. Traders also may be taking last-minute positions ahead of Tuesday's mid-term elections.

S&P 500 futures rose 5.3 points at 1,373.80 and Nasdaq 100 futures advanced 7 points at 1,720.75. Dow industrial futures improved 41 points.

On Friday, the Dow industrials dropped for the sixth session in a row, as a surge in long-term interest rates and a spike in oil prices overshadowed a largely positive October jobs report. The Dow Jones Industrial Average dropped 32.5 points, the Nasdaq Composite slipped 3.2 points and the S&P 500 lost 3 points.

But crude oil futures dropped back below $59 a barrel in electronic trading on Monday. December crude declined 45 cents.
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