Market this Monday 7/.24

ron · #1 (**permalink**) 09-24-2007, 10:57 AM

no earnings reports or economic news to report since none are scheduled for the session. Dow Jones gets a boost from General Motors, which is up $0.91 to $35.84 on possible conclusion to talks with the UAW. Nasdaq is higher as Microsoft is up $0.34 to $28.98 ahead of Halo 3 release. later this week, reports is expected on existing home sales, new home sales, durable goods orders, second-quarter gross domestic product....Dow negatvie of 6.18 Points Nas up 0.57 rtq.

ron · #2 (**permalink**) 09-24-2007, 11:14 AM

Indices keeping tight range and. Oil is off $0.76 to $81.05 a barrel as feared weather problems in the Gulf did not materialize this wknd.....Dow red 6.02 Points Naz even.

ron · #3 (**permalink**) 09-24-2007, 11:41 AM

Dow into positive territory gaining 40 Points currently to the upside after dipping into the red....S&P turns positive as well, reflecting resilience to early selling pressures.....rtq Dow + 40 Naz up 17...advancers claiming breadth with ease.

ron · #4 (**permalink**) 09-24-2007, 12:30 PM

Indices are sustaining their gains rejecting selling pressures and therefore reducing their power to overtake the breadth...Dow up 45 Points Naz up 18.34 rtq.

ron · #5 (**permalink**) 09-24-2007, 01:09 PM

homebuilders are showing again weakness today related to news that Standard Pacific [SPF $7.14, - $0.95] has eliminated its quarterly dividend in a bid to pay down debt....group is basically feeling the impact, needless to say.....Dow btwn up 29.02 Points Naz up 17.68 rtq.