of trading. Weakness has been led all session long by the S&P (-0.5%) with the Nasdaq (-0.4%) and Dow (-0.2%) trailing close behind...Financials (-1.1%) have been under pressure since the onset of trade today with heavyweights Bank of America (BAC 10.96, -0.32), Citigroup (C 38.71, -1.14), JP Morgan Chase (JPM 40.94, -0.63), and Wells Fargo (WFC 26.52, -0.34) all trading lower...Energy shares are among the worst performers today as a sell off in West… Continue
Added by ken flagg on June 6, 2011 at 3:40pm —
Kaufman notes last Friday (07/16/10), Steve Jobs hosted an iPhone 4 press conference at Apple headquarters in Silicon Valley . The firm believes AAPL did the right thing in offering a free case to iPhone 4 users and a refund to those who purchased an Apple branded one. Kaufman added that Steve Jobs also laid out a few interesting data points that help confirm the firm's view that only a small fraction of users were impacted and nowhere as dramatic as… Continue
Added by ken flagg on July 19, 2010 at 11:00am —
Shares in China bounced back from a five-week low in thin volume on Tuesday, boosted by gains in small-cap shares, while Hong Kong fell for a third straight session. The Shanghai Composite Index ended up 0.53% at 2,992.841 points, following Monday's drop to a five-week closing low that breached the 3,000-point level. Higher-than-expected inflation figures last week heightened expectations of a possible near-term rise in bank reserve requirement ratios.
The Chinese stock… Continue
Added by ken flagg on March 16, 2010 at 10:36pm —