A Bounce?
Stocks are edging higher Tuesday following economic news that hints at a
slower paced economy. August housing starts came in at 1.51 million units, which was lower than the
1.54 million that analysts had expected.
The Nasdaq futures are up 29 points, and the Dow futures are up 17 points.
The S&Ps look to open up 4.20 points while the yield on the 10-year
Treasury is 5.87%.
Tuesday Spotlight
Goldman Sachs
(
GS |
Quote |
Chart |
News |
PowerRating) posted third quarter earnings of $1.62 per share,
topping First Call/Thomson Financial estimates of $1.51 per share. Goldman Sacks
fell 6 5/16 to 118 9/16.
Juniper Networks
(
JNPR |
Quote |
Chart |
News |
PowerRating) closed Monday down 9 5/16 to 192 but is bouncing
back in Tuesday trading on news of expending its router product line. Juniper is
currently trading up 6 to198 in pre-market activity.
Monday Follow-up
Qualcomm
(
QCOM |
Quote |
Chart |
News |
PowerRating) avoided Monday’s tech swoon and finished up 3 9/16 to 69
13/16 thanks in part to an analyst upgrade. Qualcomm looks to move higher
Tuesday and is trading up to 71 1/2 in pre-market activity.
Intel
(
INTC |
Quote |
Chart |
News |
PowerRating) closed at 55 13/16 on Monday, which was its lowest level
since May 24. Intel is getting a bit of a bounce Tuesady and is trading up to 56
5/16 in pre-market activity.
Do you have a follow-up question about something in this column or other questions about trading stocks, futures, options or funds? Let our expert contributors provide answers in the TradingMarkets Question & Answer section! E-mail your question to questions@tradingmarkets.com.
For the latest answers to subscriber questions, check out the Q&A section, linked at the bottom-right section of the TradingMarkets.com home page.