S&P 500 and HELE Price Forecast: Market News
February 25, 2004 (Press Release) --
S&P 500 and HELE Price Forecast: Market News
Wednesday, February 25, 2004
Stocks showed losses again on Tuesday, February 24, 2004.
The blue chips Dow Jones industrial average declined 43.25 points (0.41%), at 10,566.37. The broader Standard & Poor's 500 Index ended down 1.90 points (0.17%), at 1,139.09. The technology-laced Nasdaq Composite Index lost 2.08 points (0.10%), to 2,005.44.
Trading activity was moderate, about 1.5 billion shares changed hands on the New York Stock Exchange and about 2 billion shares were traded on Nasdaq.
The Conference Board's preliminary February report on consumer confidence was much weaker than expected, the index falling to 87.3 from 96.4 in January.
"The report sort of tells investors there are some reasons to worry about the economy and earnings, and therefore reasons to worry about valuation," Johnson said. "As a result, they're reducing their exposure to stocks, they're shifting from small-cap stocks to large-caps and they're shifting their emphasis to safer sectors, away from tech and consumer cyclicals."
The most active companies were Intel Corp (+0.20), Sun Microsystems (-0.08), SIRI (-0.09), Cisco Systems (+0.30), JDSU (-0.20), Lucent tech (-0.11), AWE (+0.07), Nortel networks (-0.09), General electric (-0.14).
According to e-MasterTrade analytical forecast on Wednesday, February 25, 2004 S&P 500 will vary 1128.91-1150.37 and close at 1131.53-1146.49.
Helen of Troy Limited (HELE) quotation will vary 28.86-29.35 and close at 27.34-28.82.
According to e-MasterTrade weekly forecast S&P 500 will vary 1112.06-1169.87, and close at 1121.46-1154.65.
Authentidate Holding Corp. (ADAT) will vary 13.49-17.95, and close at 14.39-16.56.
SAFECO Corporation (SAFC) will vary 42.05-46.23, and close at 43.31-45.10.
For full version click http://www.e-mastertrade.com/en/main/reviews/default.asp
Wednesday, February 25, 2004
Stocks showed losses again on Tuesday, February 24, 2004.
The blue chips Dow Jones industrial average declined 43.25 points (0.41%), at 10,566.37. The broader Standard & Poor's 500 Index ended down 1.90 points (0.17%), at 1,139.09. The technology-laced Nasdaq Composite Index lost 2.08 points (0.10%), to 2,005.44.
Trading activity was moderate, about 1.5 billion shares changed hands on the New York Stock Exchange and about 2 billion shares were traded on Nasdaq.
The Conference Board's preliminary February report on consumer confidence was much weaker than expected, the index falling to 87.3 from 96.4 in January.
"The report sort of tells investors there are some reasons to worry about the economy and earnings, and therefore reasons to worry about valuation," Johnson said. "As a result, they're reducing their exposure to stocks, they're shifting from small-cap stocks to large-caps and they're shifting their emphasis to safer sectors, away from tech and consumer cyclicals."
The most active companies were Intel Corp (+0.20), Sun Microsystems (-0.08), SIRI (-0.09), Cisco Systems (+0.30), JDSU (-0.20), Lucent tech (-0.11), AWE (+0.07), Nortel networks (-0.09), General electric (-0.14).
According to e-MasterTrade analytical forecast on Wednesday, February 25, 2004 S&P 500 will vary 1128.91-1150.37 and close at 1131.53-1146.49.
Helen of Troy Limited (HELE) quotation will vary 28.86-29.35 and close at 27.34-28.82.
According to e-MasterTrade weekly forecast S&P 500 will vary 1112.06-1169.87, and close at 1121.46-1154.65.
Authentidate Holding Corp. (ADAT) will vary 13.49-17.95, and close at 14.39-16.56.
SAFECO Corporation (SAFC) will vary 42.05-46.23, and close at 43.31-45.10.
For full version click http://www.e-mastertrade.com/en/main/reviews/default.asp
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