Tuesday, October 10, 2006
relatório no site cnnfn sobre o mercado de hoje
Dow claws to new all-time high
Blue chip gauge manages slim gains, but sets new records as investors brace for third-quarter earnings; oil sinks.
By Jessica Seid, CNNMoney.com staff writer
October 10 2006: 4:10 PM EDT
NEW YORK (CNNMoney.com) -- Stocks edged higher Tuesday, with the Dow Jones Industrial average setting a new record, as investors waited for the earnings reporting period to get underway with Alcoa after the bell.
The Dow (up 8.56 to 11,866.37, Charts) was up slightly, scratching out a record closing high less than a point above the previous record of 11,866.69 set last Thursday.
Video More video
Google buys You Tube for over $1.6 billion. CNN's Maggie Lake reports (October 10)
Play video
--------------------------------------------------------------------------------
CNN's Gerri Willis reports on Google's purchase of YouTube, and other business news. (October 10)
Play video
The world's most widely watched stock market gauge also set a record trading high of 11,877.90 during the session.
The broader S&P 500 (up 2.57 to 1,353.23, Charts) index edged up 0.2 percent while the tech-fueled Nasdaq composite (up 2.99 to 2,314.76, Charts) also gained 0.2 percent.
The major gauges rose earlier in the session after the announcement of a Google-YouTube deal late Monday, but trade turned choppy by late morning.
Stocks had risen across the board for four out of five sessions after a surprisingly strong quarter on Wall Street.
But the market was tentative Tuesday, with investors a bit reluctant at the start of another earnings reporting period.
"The market has pushed higher, even during bad news," said Brian Piskorowski, market analyst at Wachovia Securities. "But one needs to take a look at how far we've come and what's coming into play."
"The big picture is that we're on the cusp of earnings season," Piskorowski said. "And you have a market that's looking to take a wait-and-see type of approach."
After the closing bell Tuesday, aluminum maker Alcoa (up $0.10 to $28.09, Charts) was due to become the first Dow industrial stock to report September quarter results. Results were also due from Genentech (down $0.68 to $85.60, Charts), the world's No. 2 biotechnology company.
Both companies are expected to report sharply higher profits. The next three weeks will see most of the S&P 500 report results for the quarter.
Here's what was moving near the close:
On the move
After the close Monday, Google (down $2.44 to $426.56, Charts) announced a $1.6 billion deal for YouTube, the video sharing and streaming service.
Grocery-store chain Supervalu (up $1.34 to $32.35, Charts) posted a second-quarter profit on Tuesday that almost quadrupled, sending its shares up over 4 percent.
Shares of ImClone Systems (up $1.15 to $31.05, Charts) added nearly 4 percent after the biotech said David Kies resigned as chairman and William Crouse resigned as director.
CVS (up $0.02 to $29.74, Charts) raised its earnings outlook for the third quarter and full year and said September sales at stores open at least a year rose 8.8 percent.
And shares of Dow component Exxon Mobil (up $0.71 to $67.26, Charts) zigzagged after Goldman Sachs cut its rating on the nation's biggest oil company.
Of the 30 blue chips in the Dow, 15 rose and 15 fell.
Market breadth was positive. On the New York Stock Exchange, winners barely beat losers on volume of 1.5 billion shares. On the Nasdaq, advancers edged out decliners on volume of 1.8 billion shares.
In economic news, wholesale inventories jumped 1.1 percent in August, the Commerce Department said. Wall Street analysts were expecting inventories to rise 0.6 percent after climbing 0.8 percent in July.
COMEX gold for December delivery fell $6.60 to $576.20 an ounce.
U.S. light sweet crude oil sank $1.45 to $58.51 a barrel on the New York Mercantile Exchange.
Treasury prices were also lower, lifting the yield on the 10-year note to 4.75 percent from 4.69 percent in trading late Friday. Treasurys did not trade Monday due to the Columbus Day holiday.
Stocks in Asia closed higher as markets settled down following North Korea's claimed nuclear test, which rattled markets Monday.
Stocks ended higher in Europe.
The dollar continued its rally against the euro and the yen that followed the North Korea test claim.
Blue chip gauge manages slim gains, but sets new records as investors brace for third-quarter earnings; oil sinks.
By Jessica Seid, CNNMoney.com staff writer
October 10 2006: 4:10 PM EDT
NEW YORK (CNNMoney.com) -- Stocks edged higher Tuesday, with the Dow Jones Industrial average setting a new record, as investors waited for the earnings reporting period to get underway with Alcoa after the bell.
The Dow (up 8.56 to 11,866.37, Charts) was up slightly, scratching out a record closing high less than a point above the previous record of 11,866.69 set last Thursday.
Video More video
Google buys You Tube for over $1.6 billion. CNN's Maggie Lake reports (October 10)
Play video
--------------------------------------------------------------------------------
CNN's Gerri Willis reports on Google's purchase of YouTube, and other business news. (October 10)
Play video
The world's most widely watched stock market gauge also set a record trading high of 11,877.90 during the session.
The broader S&P 500 (up 2.57 to 1,353.23, Charts) index edged up 0.2 percent while the tech-fueled Nasdaq composite (up 2.99 to 2,314.76, Charts) also gained 0.2 percent.
The major gauges rose earlier in the session after the announcement of a Google-YouTube deal late Monday, but trade turned choppy by late morning.
Stocks had risen across the board for four out of five sessions after a surprisingly strong quarter on Wall Street.
But the market was tentative Tuesday, with investors a bit reluctant at the start of another earnings reporting period.
"The market has pushed higher, even during bad news," said Brian Piskorowski, market analyst at Wachovia Securities. "But one needs to take a look at how far we've come and what's coming into play."
"The big picture is that we're on the cusp of earnings season," Piskorowski said. "And you have a market that's looking to take a wait-and-see type of approach."
After the closing bell Tuesday, aluminum maker Alcoa (up $0.10 to $28.09, Charts) was due to become the first Dow industrial stock to report September quarter results. Results were also due from Genentech (down $0.68 to $85.60, Charts), the world's No. 2 biotechnology company.
Both companies are expected to report sharply higher profits. The next three weeks will see most of the S&P 500 report results for the quarter.
Here's what was moving near the close:
On the move
After the close Monday, Google (down $2.44 to $426.56, Charts) announced a $1.6 billion deal for YouTube, the video sharing and streaming service.
Grocery-store chain Supervalu (up $1.34 to $32.35, Charts) posted a second-quarter profit on Tuesday that almost quadrupled, sending its shares up over 4 percent.
Shares of ImClone Systems (up $1.15 to $31.05, Charts) added nearly 4 percent after the biotech said David Kies resigned as chairman and William Crouse resigned as director.
CVS (up $0.02 to $29.74, Charts) raised its earnings outlook for the third quarter and full year and said September sales at stores open at least a year rose 8.8 percent.
And shares of Dow component Exxon Mobil (up $0.71 to $67.26, Charts) zigzagged after Goldman Sachs cut its rating on the nation's biggest oil company.
Of the 30 blue chips in the Dow, 15 rose and 15 fell.
Market breadth was positive. On the New York Stock Exchange, winners barely beat losers on volume of 1.5 billion shares. On the Nasdaq, advancers edged out decliners on volume of 1.8 billion shares.
In economic news, wholesale inventories jumped 1.1 percent in August, the Commerce Department said. Wall Street analysts were expecting inventories to rise 0.6 percent after climbing 0.8 percent in July.
COMEX gold for December delivery fell $6.60 to $576.20 an ounce.
U.S. light sweet crude oil sank $1.45 to $58.51 a barrel on the New York Mercantile Exchange.
Treasury prices were also lower, lifting the yield on the 10-year note to 4.75 percent from 4.69 percent in trading late Friday. Treasurys did not trade Monday due to the Columbus Day holiday.
Stocks in Asia closed higher as markets settled down following North Korea's claimed nuclear test, which rattled markets Monday.
Stocks ended higher in Europe.
The dollar continued its rally against the euro and the yen that followed the North Korea test claim.
# posted by robertts12 @ 1:45 PM 
