Stocks Easing Tuesday
On the heels of last week’s economic data that strongly hinted at a slowing
economy, stocks are edging downward Monday for an open in the red. Friday’s news
of an increase in the unemployment level as well as the NAPM dipping below 50
helped convince some analysts that the Fed may have successfully set the stage
for a “soft landing.”
The Dow futures are down 45 points, and the Nasdaq futures are down 25
points.
The S&Ps look to open down 3 points while the yield on the 10-year
Treasury is 5.72%.
Monday MoversÂ
Intel
(
INTC |
Quote |
Chart |
News |
PowerRating) is seeing some selling pressure following a downgrade from
U.S. Bancorp/Piper Jaffray. Intel closed Friday at 73 15/16 and is trading down
to 71 3/8 in pre-market activity.
GoTo.com
(
GOTO |
Quote |
Chart |
News |
PowerRating) announced a multi-year advertising alliance with America
Online
(
AOL |
Quote |
Chart |
News |
PowerRating) and that has GoTo working its way higher in early-morning
action. GoTo.com closed Friday up 7/8 to 19 1/2 and is currently trading up to
22 in pre-market activity.
Friday Follow-up
Following last week’s more than 20-point decline, Yahoo!
(
YHOO |
Quote |
Chart |
News |
PowerRating) is
looking sluggish at the open Monday. Yahoo! closed Friday at 113 15/16 and is
trading down to 111 3/4 in pre-market activity.
Juniper Networks
(
JNPR |
Quote |
Chart |
News |
PowerRating) added more than 20 points last week, and is set
to open near its all-time high Monday. After closing at 221 5/8, Juniper is
trading at 221 3/4 in pre-market activity.
Â
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.