Market this Tue 10/23

ron · #1 (**permalink**) 10-23-2007, 12:13 PM

seems we had a positive start this opening session , with the Naz showing the most strength. Apple’s (AAPL) blowout fiscal fourth quarter earnings report is the main catalyst. American Express (AXP) and DuPont (DD) also reported earnings that topped expectations. There has been some negative news, though. Texas Instruments (TXN) beat third quarter earnings estimates, but issued a revenue warning for the fourth quarter.....Dow up only 1.71 Points....in midmorning trading, Dow rose 68.04, or 0.50 percent, to 13,635.01, Naz +12.47 rtq.

ron · #2 (**permalink**) 10-23-2007, 12:18 PM

mrkt has been somewhat choppy since the last update. The major indices are currently trading at their worst levels of the session, but are still holding decent sized gains....AT&T Inc., the nation's largest telecommunications company, reported profit rose 42 percent after its acquisition of BellSouth Corp. Shares rose 21 cents to $41.38....Dow up 7.89 Points, Naz +9.98 rtq.

ron · #3 (**permalink**) 10-23-2007, 12:19 PM

Oil prices have risen despite expectations of rising U.S. crude inventories, bolstered by concerns over a continuing buildup of Turkish military forces along the northern Iraqi border. A barrel of light, sweet crude rose 41 cents to $86.43 on the New York Mercantile Exchange.

ron · #4 (**permalink**) 10-23-2007, 12:46 PM

crude under a good deal of selling pressure....barrel of crude for November delivery is down 1.0% to $85.08 -1.10%

ron · #5 (**permalink**) 10-23-2007, 12:50 PM

Since last update, Dow is back into positive and posting modest gains. broad-broad based selling pressure seems to have eased a bit giving advancer some edge in breadth....Dow up 19 Points, Naz +16.01 rtq.