Microsoft May Buy Yahoo for $50 Billion
U.S. stocks are making fresh highs as talks of a
potential buyout of Yahoo! by Microsoft are circulating.Â
Jobs data came in lower this morning, but investors are hoping
that will lead to Fed rate cuts later this year.
June crude futures are trading
flat this morning at $63.17 a barrel.Â
June gold futures are up 1.2% to $692.80 an ounce.
Around Asia, Hong Kong’s Hang Seng
Index added 0.8% to close at 20,841.08, Tokyo’s Nikkei Index
finished unchanged at 17,394.92.
Today‘s
PowerRatings Heat Map has started to show price action that is bearish,
especially after the broad market rallied over the past few sessions. The sector with the highest amount of low PowerRatings
stocks is the Diversified Services sector and should be avoided.
Click here to see our new list of indicators that includes
Gaps Down 5% or More,
2-Period RSI Below 2,
Stocks Up 10% or More. Historically proven edges make
these a great place to start making a watch list.Â
Stocks in Motion |
|
|
| Market Snapshot | ||||||||||||||||||||||||||||||||||||||||||||
|
  Â
Strongest/Weakest Sectors |
||||||||
|
Economic News |
|
|
Darren Wong
Associate Editor
darrenw@tradingmarkets.com