Chart courtesy of
stockchartsFor the fist in the history of the US markets Dow Jones passes 13000 mark, after many of the country's biggest companies surpassed analysts' first-quarter earnings projections. In addition to earnings, adding to the momentum Wednesday was a surprisingly strong reading on durable good orders, which rose 3.4 percent in March, above forecasts.
On the other hand, Sun Microsystems Inc. plunged 67 cents, or 11 percent, to $5.27 for the steepest decline since September 2003. The world's third-largest maker of server computers said fiscal third-quarter revenue rose 3.3 percent to $3.28 billion. That missed the $3.41 billion average estimate of analysts. Looking at the chart stock retested the support at 5.20, however closed above. Indicators are now negative with back again below 0.
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That's All. Have a nice evening !!!
AC
Labels: Dowjones, SUNW