Dow down 81 points and Break the 11000 level
Profit Taking in USA Markets or something more ?
The market's move lower was unsurprising after the major indexes reached new 4 1/2-year highs Wednesday for the second time in a week. Also the crude still showing some resistance to fall, the futures prices remained elevated and worries about the resumption of Iran's nuclear research program weighed on the market. Iran is "not worried" about its possible referral to the UN Security Council over its nuclear programme, a senior nuclear official told state television on Thursday. The market also was pressured by downgrades for Coca-Cola Co. and J.P. Morgan Chase and earnings uncertainty.
Today Hot stocks
AAPL - Bear Stearns upgraded its rating to "outperform" from "peer perform" and raised its price target on the stock to $105. UP 0.47% to 84.29
BBBY - CSFB upgraded to "outperform" from "neutral." UP 2.10% to 37.10
IDNX - Viisage Technology said it would buy the fingerprint identification firm for about $770 million in a deal that places a 45 percent premium on Identix's shares. UP 20% to 6.98
PKS - Bear Stearns raised its rating to "outperform" from "peer perform" . UP 7% to 9.85
FD - Department store chain announced plans to sell its Lord & Taylor stores by the end of the year. UP 1.8% to 72.95
After Hours
Most Actives - ABS , MCD , DELL , HCA
Hot Stocks - ANTP , SPRI
Earnings for tomorrow January 13
MBTF , OAKF , SRR , TCB , VPS , WFSL ,
Macro Economic News for tomorrow
Retail Sales - Consensus 0.8 %
Retail Sales less autos - Consensus 0.4%
PPI - Consensus 0.4%
PPI less food & energy - Consensus 0.2%
That's All. Have a nice evening !!!
AC
