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UpInArms Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-28-04 08:49 AM
Response to Reply #2
10. Wall Street opens higher
(Who cares about dead people and devastation? Let's PARTY! :party: )

NEW YORK (CBS.MW) - U.S. stocks opened broadly higher Tuesday morning amid a dearth of corporate news even as the dollar retreated to another new low against the euro.

The Dow Jones Industrial Average ($INDU: news, chart, profile) was up 31 points, or 0.3 percent, to 10,807 in the opening minutes of trade while the Nasdaq Composite Index ($COMPQ: news, chart, profile) added 4 points, or 0.2 percent, to 2,158 and the S&P 500 ($SPX: news, chart, profile) rose 3 points, or 0.2 percent, to 1,207.

All but a handful of Dow components were moving higher in the early going led by gains in McDonalds Corp. (MCD: news, chart, profile). Honeywell International (HON: news, chart, profile) and Hewlett-Packard (HPQ: news, chart, profile) were among the blue chip decliners.

The dollar, meanwhile, stumbled again. The greenback was last down 0.1 percent versus the euro at $1.3631, after touching another new record low of $1.3642. The buck was flat versus the Japanese yen at 103.02 yen. See Currencies.

Crude futures added 33 cents to $41.65 a barrel while gold futures dipped 60 cents to $445.60.

Strategists said Monday's decline in the dollar gave investors an excuse to take some money off the table and with little else to focus on markets will likely take their cue from consumer confidence data Tuesday.

"If it comes in better than expected then I expect we can probably retract some of the losses we encountered yesterday," said Peter Cardillo, chief market analyst and strategist at S.W. Bach

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  -STOCK MARKET WATCH, Tuesday 28 December ozymandius  Dec-28-04 07:24 AM   #0 
  - daily dollar watch  UpInArms   Dec-28-04 07:48 AM   #1 
  - Let me get this straight. The buck has dropped nearly 27% in 2 years,  54anickel   Dec-28-04 09:16 AM   #17 
     - yes, that is a version of insanity  UpInArms   Dec-28-04 09:23 AM   #18 
  - Wall St set for flat open as disaster toll mounts  ozymandius   Dec-28-04 07:49 AM   #2 
  - Wall Street opens higher  UpInArms   Dec-28-04 08:49 AM   #10 
  - some layoff commentary  UpInArms   Dec-28-04 07:51 AM   #3 
  - pre-opening blather  UpInArms   Dec-28-04 08:12 AM   #4 
  - U.S. stores tighten up the rules of returns  UpInArms   Dec-28-04 08:23 AM   #5 
  - Edward Jones Executive to Step Down  UpInArms   Dec-28-04 08:26 AM   #6 
  - Ex-Fannie CEO Lands $19 Million Severance Package  UpInArms   Dec-28-04 08:28 AM   #7 
  - Fannie Mae to Pay Ousted CEO $1.3 Million  UpInArms   Dec-28-04 09:41 AM   #21 
  - 9:37 EST markets are open and doing the Happy Dance!  UpInArms   Dec-28-04 08:38 AM   #8 
  - Dollar versus euro: another record low  UpInArms   Dec-28-04 08:46 AM   #9 
  - The Bear's Lair: World capital of Ponzi  54anickel   Dec-28-04 08:54 AM   #11 
  - U.S. Dec. consumer confidence surges to 102.3  UpInArms   Dec-28-04 09:07 AM   #12 
  - OH. MY. GOD!!! From 92 to 102?!????!  54anickel   Dec-28-04 09:11 AM   #14 
     - I guess they didn't poll that woman who froze to death  UpInArms   Dec-28-04 09:14 AM   #16 
        - I didn't catch that one in LBN...It is so sad. Thanks for the link to  54anickel   Dec-28-04 09:33 AM   #19 
  - You must save early and often for a secure future  54anickel   Dec-28-04 09:08 AM   #13 
  - 10:09 EST numbers and blather  UpInArms   Dec-28-04 09:11 AM   #15 
  - 10:41 EST numbers and blather (Santa Claws the Market UP!)  UpInArms   Dec-28-04 09:43 AM   #22 
  - Stores pin hopes on gift-card effect  UpInArms   Dec-28-04 09:37 AM   #20 
  - Dow within striking distance of 11,000  UpInArms   Dec-28-04 09:50 AM   #23 
  - Wellllll doggy! Looks like a bull market for the new year. If they can  54anickel   Dec-28-04 10:12 AM   #24 
  - Hey UIA, check out this thread I started last night with images from  54anickel   Dec-28-04 10:20 AM   #25 
  - those pics made me so sad  UpInArms   Dec-28-04 03:02 PM   #45 
     - WTF?!?!?!!!! I hadn't seen that one. They certainly do NOT deserve the  54anickel   Dec-28-04 06:35 PM   #47 
  - The Paper Standard  54anickel   Dec-28-04 10:33 AM   #26 
  - Global chip industry to drop by 9.6 percent in 2005  UpInArms   Dec-28-04 10:40 AM   #27 
  - US$3 billion Sino-Venezuelan trade boost to reduce United States' strangle  54anickel   Dec-28-04 10:44 AM   #28 
  - The iPod generation (Wow! I've been out of it for a while - had no idea  54anickel   Dec-28-04 10:56 AM   #29 
  - That Line at the Ferrari Dealer? It's Bonus Season on Wall Street  54anickel   Dec-28-04 11:00 AM   #30 
  - Allied Capital Discloses Federal Criminal Probe  54anickel   Dec-28-04 11:04 AM   #31 
  - 12:10 update and blather  54anickel   Dec-28-04 11:15 AM   #32 
  - Dark Clouds Gather for The Perfect Storm  54anickel   Dec-28-04 11:19 AM   #33 
  - Oil Up After 6 Percent Drop Monday  54anickel   Dec-28-04 11:28 AM   #34 
  - Newmont says Indonesian civil suit withdrawn  54anickel   Dec-28-04 11:35 AM   #35 
  - Commentary: China and the U.S. should spare the world a cliffhanger  54anickel   Dec-28-04 11:43 AM   #36 
  - Headline: Sheeple Happy, Top 1% hits Buy Window Hard  JNelson6563   Dec-28-04 11:52 AM   #37 
  - 2005 and 2006 Forecast (Long piece)  54anickel   Dec-28-04 11:54 AM   #38 
  - Risk Management is Generous (Hussman)  54anickel   Dec-28-04 12:09 PM   #39 
  - Insurers rise amid relief over tsunami (Whew! Few Payouts Expected!)  UpInArms   Dec-28-04 12:10 PM   #40 
  - DOH, I just read this and was going to post it! Whew, what a relief  54anickel   Dec-28-04 02:24 PM   #43 
  - Tsunami Damage Could Exceed $13.6 Bln  54anickel   Dec-28-04 02:28 PM   #44 
  - 2:34 update  54anickel   Dec-28-04 01:37 PM   #41 
  - How to Save the Dollar  54anickel   Dec-28-04 01:49 PM   #42 
  - closing numbers and blather  UpInArms   Dec-28-04 04:48 PM   #46 

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