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Reply #34: 10:00 EST numbers and check out the CRUDE blather ($129.93 bbl!!!!) [View All]

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UpInArms Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-06-08 09:03 AM
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34. 10:00 EST numbers and check out the CRUDE blather ($129.93 bbl!!!!)
Dow 12,879.73 89.81 (0.69%)
Nasdaq 2,448.97 15.15 (0.61%)
S&P 500 1,399.60 7.89 (0.56%)

10-Yr Bond 3.812% 0.033


NYSE Volume 444,587,250
Nasdaq Volume 254,998,953.125

09:40 am : The major indices open on a modestly lower note, with financial companies (-1.7%) acting as the main drag in the early-going.

Fannie Mae (FNM) is fueling the selling interest after reporting a larger than expected loss, cutting its dividend by 30% and announcing it is raising $6 billion in capital. UBS (UBS) is not helping things either, after announcing it is going to sell $15 billion in mortgage assets to BlackRock (BLK), and will eliminate 5,500 jobs.

Meanwhile, crude oil is continuing its record run, hitting as high as $129.93 per barrel. Crude oil prices have since eased a tad, trading up 0.5% to $120.55 per barrel.DJ30 -88.67 NASDAQ -11.89 SP500 -8.41
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  -STOCK MARKET WATCH, Tuesday May 6 ozymandius  May-06-08 05:02 AM   #0 
  - Market WrapUp: In Who's Best Interest?  ozymandius   May-06-08 05:04 AM   #1 
  - Not to slam an entire gender here, but  TalkingDog   May-06-08 07:40 AM   #21 
     - ". . . a vague and growing sense of despair."  Tansy_Gold   May-06-08 08:17 AM   #22 
     - Would a potential job have healthcare benefits?  DemReadingDU   May-06-08 08:22 AM   #23 
     - Morning Marketeers.....  AnneD   May-06-08 08:37 AM   #24 
     - In tangentially related trivia...  MilesColtrane   May-06-08 09:05 AM   #35 
     - I think you nailed it  Warpy   May-06-08 11:43 AM   #42 
     - the "feminine" takes in a broader view  kineneb   May-06-08 01:01 PM   #45 
        - ::sigh:: Dinner conversation tonight  Tansy_Gold   May-06-08 09:57 PM   #49 
  - No goobermental reports today n/t  ozymandius   May-06-08 05:05 AM   #2 
  - Oil hits record $120.93 a barrel on supply woes  ozymandius   May-06-08 05:07 AM   #3 
  - My two pennies.  ozymandius   May-06-08 05:10 AM   #4 
  - $5 gas near, 78% of Americans say  ozymandius   May-06-08 05:12 AM   #5 
  - Indonesia considers quitting OPEC  ozymandius   May-06-08 05:19 AM   #8 
  - An in-depth approach to drilling  AnneD   May-06-08 08:48 AM   #26 
  - Crude rises over $1 to hit new record $121.49 a barrel  UpInArms   May-06-08 08:54 AM   #28 
  - I was pounding my clothes on the rocks.....  AnneD   May-06-08 01:01 PM   #44 
     - Delivery truck driver at local market today said he had  Tansy_Gold   May-06-08 10:02 PM   #50 
  - Swiss bank UBS reports 1Q net loss of $11 billion  ozymandius   May-06-08 05:14 AM   #6 
  - i thought the swiss were smarter than us.  snot   May-06-08 05:20 AM   #9 
  - Greed looks to be the operative defect here.  ozymandius   May-06-08 05:45 AM   #11 
  - Like I said...  AnneD   May-06-08 08:43 AM   #25 
     - Here's the info. It was Deutsche Bank though.  ozymandius   May-06-08 09:57 AM   #40 
  - All those people with secret Swiss bank accounts  DemReadingDU   May-06-08 06:19 AM   #13 
  - UBS axes 5,500 jobs as it sells down subprime  UpInArms   May-06-08 07:08 AM   #16 
  - Will Phil Gramm lose his job? Uh, no, probably not. n/t  antigop   May-06-08 08:55 AM   #29 
  - Federal Reserve reports tighter bank lending standards  ozymandius   May-06-08 05:17 AM   #7 
  - Wall Street seen flat; techs, consumer sector in focus  ozymandius   May-06-08 05:22 AM   #10 
  - Bye for now Marketeers.  ozymandius   May-06-08 05:48 AM   #12 
  - GMAC Buys Time for ResCap Unit as Threat of Bankruptcy Looms  DemReadingDU   May-06-08 06:20 AM   #14 
  - dollar watch  UpInArms   May-06-08 07:00 AM   #15 
  - D.R. Horton (homebuilder) swings to $1.31 billion 2Q loss on impairment charges  UpInArms   May-06-08 07:10 AM   #17 
  - Fannie Mae loses $2.2B in 1Q; warns of "severe weakness"  UpInArms   May-06-08 07:32 AM   #18 
  - Fannie and Freddie 60-to-1 leverage could drive $1 trillion bailout  Robbien   May-06-08 08:56 AM   #30 
  - Do our DU Stock Market Watch sages think this has implications Ginnie Mae?  enough   May-06-08 12:10 PM   #43 
  - Merrill faces gov't requests on auction-rate debt  UpInArms   May-06-08 07:35 AM   #19 
  - Roubini: The Fed is Getting Desperate in Dealing with a Liquidity Crunch  DemReadingDU   May-06-08 07:36 AM   #20 
  - liquidity crunch = Titanic, Fed=tea cup  kineneb   May-06-08 01:04 PM   #46 
  - Marvel sees strength beyond Iron Man  AnneD   May-06-08 08:51 AM   #27 
  - Wachovia nearly doubles 1st-qtr loss  UpInArms   May-06-08 08:57 AM   #31 
  - Food costs likely to boost obesity in poor  AnneD   May-06-08 09:01 AM   #32 
  - And so to today's theme: Them belly full, but they hungry.  TalkingDog   May-06-08 01:11 PM   #47 
  - Buffet vs. the Black Swan  antigop   May-06-08 09:01 AM   #33 
  - 10:00 EST numbers and check out the CRUDE blather ($129.93 bbl!!!!)  UpInArms   May-06-08 09:03 AM   #34 
  - Ummm, why -what's the excuse, er, reason this time? Gotta get their mitts on the  54anickel   May-06-08 09:15 AM   #37 
  - I'm really looking forward to driving 700 miles each way tonight.  Dr.Phool   May-06-08 09:18 AM   #38 
  - ~10:41 EST: Pretty volatile start.... But, oil is up .... so Yippie!  Prag   May-06-08 09:44 AM   #39 
     - But I thought the  burf   May-06-08 10:40 AM   #41 
  - Buffett bets on developed markets  antigop   May-06-08 09:07 AM   #36 
  - End of the day reportage. Squealing and buying despite the boogery news.  ozymandius   May-06-08 04:53 PM   #48 
 

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