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January 23, 2004 (Press Release) --
According to e-MasterTrade analytical forecast on Friday, January 23, 2004 S&P 500 will vary 1132,89-1155,21 and close at 1136,92-1151,00.
Electronic Arts, Inc. (ERTS) quotation will vary 46.91-49.79 and close at 47.49-49.57.
Stocks closed lower on Thursday, January 22, 2004.
The blue chips Dow Jones industrial average went down 0.44 points to close at 10,623.18. The broader Standard & Poor's 500 Index declined 3.68 (0.32%) to 1,143.94. The technology laced Nasdaq composite index fell 23.44 (1.09%) to 2,119.01.
Volume was heavy, with about 1.7 billion shares changed hands on the New York Stock Exchange, and about 2.3 billion shares traded on the Nasdaq.
Bonds grew up, the 10-year note yield falling to 3.97% from 4.03%.
"Investors are moving from tech and some Nasdaq issues that look like they may have gotten ahead of themselves in the short run, and into larger-cap financial and cyclical names," said Robert Mikkelsen, senior managing director of equity capital markets at The Advest Group. "But it seems like an orderly rotation rather than a big overall correction, which is healthier and shows the strength of this market."
The most active companies were Intel Corp (-0.57), SIRI (+0.25), Microsoft (-0.29), Sun Microsystems (-0.14), JDSU (-0.43), Lucent tech (-0.37), AWE (-0.43), AMR (+2.30), Nortel networks (-0.49).
Eastman Kodak (EK), +$3.49 to $30.95, plans to cut its work force by as much as 21% by the end of 2006, cutting as many as 15,000 jobs, and take charges of $1.3 billion to $1.7 billion.
According to e-MasterTrade analytical forecast on Friday, January 23, 2004 S&P 500 will vary 1132,89-1155,21 and close at 1136,92-1151,00.
Electronic Arts, Inc. (ERTS) quotation will vary 46.91-49.79 and close at 47.49-49.57.
According to e-MasterTrade weekly forecast Dow Jones will vary 10344.90-10853.75, and close at 10426.96-10782.33.
Advanced Digital Information Corporation (ADIC) will vary 17.03-21.07, and close at 18.42-20.34.
ICOS Corporation (ICOS) will vary 36.71-45.51, and close at 37.99-44.37.
FOR FULL TEST VERSION OF STOCK MARKET REVIEW CLICK
http://www.e-mastertrade.com/en/main/reviews/default.asp
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Electronic Arts, Inc. (ERTS) quotation will vary 46.91-49.79 and close at 47.49-49.57.
Stocks closed lower on Thursday, January 22, 2004.
The blue chips Dow Jones industrial average went down 0.44 points to close at 10,623.18. The broader Standard & Poor's 500 Index declined 3.68 (0.32%) to 1,143.94. The technology laced Nasdaq composite index fell 23.44 (1.09%) to 2,119.01.
Volume was heavy, with about 1.7 billion shares changed hands on the New York Stock Exchange, and about 2.3 billion shares traded on the Nasdaq.
Bonds grew up, the 10-year note yield falling to 3.97% from 4.03%.
"Investors are moving from tech and some Nasdaq issues that look like they may have gotten ahead of themselves in the short run, and into larger-cap financial and cyclical names," said Robert Mikkelsen, senior managing director of equity capital markets at The Advest Group. "But it seems like an orderly rotation rather than a big overall correction, which is healthier and shows the strength of this market."
The most active companies were Intel Corp (-0.57), SIRI (+0.25), Microsoft (-0.29), Sun Microsystems (-0.14), JDSU (-0.43), Lucent tech (-0.37), AWE (-0.43), AMR (+2.30), Nortel networks (-0.49).
Eastman Kodak (EK), +$3.49 to $30.95, plans to cut its work force by as much as 21% by the end of 2006, cutting as many as 15,000 jobs, and take charges of $1.3 billion to $1.7 billion.
According to e-MasterTrade analytical forecast on Friday, January 23, 2004 S&P 500 will vary 1132,89-1155,21 and close at 1136,92-1151,00.
Electronic Arts, Inc. (ERTS) quotation will vary 46.91-49.79 and close at 47.49-49.57.
According to e-MasterTrade weekly forecast Dow Jones will vary 10344.90-10853.75, and close at 10426.96-10782.33.
Advanced Digital Information Corporation (ADIC) will vary 17.03-21.07, and close at 18.42-20.34.
ICOS Corporation (ICOS) will vary 36.71-45.51, and close at 37.99-44.37.
FOR FULL TEST VERSION OF STOCK MARKET REVIEW CLICK
http://www.e-mastertrade.com/en/main/reviews/default.asp
SIGN UP FOR DAILY STOCK MARKET NEWS AND PRICE FORECAST!
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