Before the bell: Recovery expected; NCC, AAPL, GOOG, GS, FNM, WAG, WFC, INTC …
Posted by: in Latest NewsFiled under: Before the bell, Major movement, Earnings reports, Analyst upgrades and downgrades, Deals, Google (GOOG), Microsoft (MSFT), Yahoo! (YHOO), Apple Inc (AAPL), Pfizer (PFE), Intel (INTC), Market matters, Walgreen Co (WAG), Citigroup Inc. (C), Circuit City Stores (CC), Federal Natl Mtge (FNM), Research in Motion (RIMM), Goldman Sachs Group (GS), Abercrombie and Fitch (ANF), Economic data, Wells Fargo (WFC), Financial Crisis
U.S. stock futures were much higher Tuesday morning, following Monday’s historic record plunge of 777.7 points in the Dow after the Home of Representatives failed to pass the proposed $700 billion bailout plan. Investors hope a similar rescue package would pass soon and will tune in to listen to President Bush at 8:45 a.m. EST. Meanwhile, across the globe, Europe bailed out another bank, but markets in Europe are blended. Asian markets, which close earlier, recorded mostly big declines. Also on tap this day is data from the housing sector and a measure of Chicago-area manufacturing and consumer confidence for September.
It is also quite possible many have come in to purchase at these prices for at least a short-term gain. If the VIX volatility index is any indication, then stocks might climb in the next few weeks.
Of stocks in focus:
Continue reading Before the bell: Recovery expected; NCC, AAPL, GOOG, GS, FNM, WAG, WFC, INTC …
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