Market this Monday 10/15

ron · #1 (**permalink**) 10-15-2007, 10:26 AM

Futures are pointing to flat opening. Citigroup reported a 57% drop in third quarter net income. Crude oil almost at $85 per barrel, reportedly due to concerns Turkey may invade northern Iraq.

ron · #2 (**permalink**) 10-15-2007, 10:31 AM

The New York Fed's Empire State report shows firming conditions in the region's manufacturing sector. The October general business conditions index rose to 28.8 from 14.7 with new orders at 25.0 vs. 13.6, shipments 28.6 vs. 5.1, and unfilled orders at 3.5 vs. -2.1. Delivery times and inventories remain stable and little change....Dow up only 2.92 Points, Naz +3.49 rtq.

ron · #3 (**permalink**) 10-15-2007, 11:00 AM

mrkt has slipped into negative territory after opening with slight gains..Dow currently printing nl of 36.42, Naz - 4.93 rtq.

Dave · #4 (**permalink**) 10-15-2007, 12:46 PM

Markets coming back somewhat from a morning dip, which Bloomberg blames on Citibank sparking consumer credit fears.

"Oct. 15 (Bloomberg) -- U.S. stocks fell the most in a month after the largest U.S. bank said credit losses will plague the financial industry for the rest of the year." (duh)

DJX 139.78
SPX 1,549.90

ron · #5 (**permalink**) 10-15-2007, 01:29 PM

indices quickly dropped to negative territory after opening with slight gains. Overall, the declines so far seems to have been mostly and continues for that matter to be broad-based....mrkt currently off session lows, but still trading with sized losses giving the breadth to decliners.......Dow -115 Points, Naz -20.82 rtq.