The best thing that could be said for the stock market Friday is that it survived earnings disappointments from two tech heavyweights relatively unscathed. I.B.M. Buys In-Memory Database Company - New York Times::
IBM is buying Solid Information Technology, a maker of high-performance They Will Survive. Hey, America, This Guys for You. The Hudsons New Wave
http://www.nytimes.com/idg/IDG_002570DE00740E18C12573B8003rtner=rssuserland&emc=rssHOME |
Shares of Nokia tumbled 9% on its second earnings warning this month, and IBM slipped 2% on in-line results that included services contracts that came in below Wall Street estimates.
The end result could be a change in mindset for investors, who even found a silver lining in weak economic reports as a sign that perhaps the Federal Reserve won't have to raise interest rates for a while yet.
The Nasdaq lost 6 to 1995, the S&P 500 gained 5 to 1134, and the Dow rose 54 to 10,451. Volume declined to 1.49 billion shares on the NYSE, and 1.87 billion on the Nasdaq. Advancers led 24-8 on the NYSE, and 16-15 on the Nasdaq. Upside volume was 65% on the NYSE, and 29% on the Nasdaq. New highs-new lows were 106-51 on the NYSE, and 85-21 on the Nasdaq. research in motion ltd. and yahoo! inc. Resources | BNET::
Nokia-Symbian Deal Will Push Wireless Giants to Seek New Mobile Platforms IBM Dynamic Inventory Optimization Solution: Helping improve the bottom line
http://resources.bnet.com/topic/research+in+motion+ltd.+and+yahoo%2521+inc..htmlHOME |
Solar Sector Plunges Right Along With Market - Seeking Alpha::
risk in order to survive the on-going stock market and economic malaise. do this buy/hold early in the creation of DELL, NOKIA, GOOGLE, and on and on.
http://seekingalpha.com/article/83903-solar-sector-plunges-right-along-with-marketHOME |
Most earnings reports were once again met by selling. DoubleClick, Lexar Media and Netflix sustained the worst damage, and Sun, Siebel, Cree, CDW, PMC-Sierra, McData and Transmeta also fell on their reports.
Avid and E*Trade were two of the few tech companies reporting that ended the day in the green.
Market Commentary: For our free daily market commentary and technical analysis, please visit the InternetStockReport.com home page at:
http://www.InternetStockReport.com.
 No Obvious Solutions for IT Patent Reform
 PC Sales Recovery Spreads
|
Stocks Survive IBM, Nokia