Bulls In Charge At the Open
Tuesday, November 02, 2021 10:50 AM

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Stocks on Wall Street are trading up this morning as traders are apparently expecting good news to come from the Fed this week as is evident by the weakening dollar driving investors into stocks again today. Traders started the day like this yesterday, with the bulls in charge, but then the bears came rolling in just past midday.

The Dow Jones Industrial Average is up by 57.52 points, or .52% to 11,179.94. The S&P 500 is up by 5.46 points, or .46%, to 1,189.82. The NASDAQ is also in the green; up 13.59 points, or .54%, to 2,518.46.

The US Dollar is down against the euro by .0123 and gaining ground against the yen; up .1600.

Oil futures for November delivery are up by $.87 to $83.82.

The 10-year bond yield is down .0360 to 2.5920%.

AT THE OPEN --

Energy stocks are up this morning as BP PLC reported reversing a second-quarter loss, after amazingly absorbing nearly $8 billion in costs tied to the Deepwater Horizon disaster.

Runners --

Acquisition News – Shares of Art Technology Group Inc are flying high this morning after software giant Oracle Corp. said it would acquire the e-commerce software company for roughly $1 billion, or $6 a share. Shares of ARTG are trading up 45.49% to $5.97.

Cabela's Inc. announced projected double digit earnings growth in 2011. Shares of CABN have popped up 16.00% to $21.21 this morning.

After raising its 2010 earnings outlook at a quarterly report that beat estimates, Skilled Healthcare Group Inc. has seen its shares run this morning. Shares of SKH are trading up 16.29% to $4.57.

Laggards --

Shares of BioScrip Inc. issued news that its CEO is resigning and coupled that with rescinding its 2010 outlook. Shares of BIOS are down 22.20% to $4.38.

Evergreen Solar Inc. reported a wider than expected third quarter loss of $.40 per share as opposed to $.13 a share in the same quarter in 2009. Shares of ESLR have fallen 11.50% to $.85.

(Source: )
(Source: Quotemedia)
 

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Market news:

  • Gimmicks, long hours greet 'Black Friday' shoppers Nov 26, 2021 02:48 AM

    • After weeks of "Black Friday" sales pitches, the real thing is finally here.
    • Retailers are ushering in the traditional kickoff of the U.S. holiday shopping season on Friday with expanded hours, deep discounts and online deals to draw bargain-hungry shoppers.
    • In a bid to grab shoppers earlier, a number of stores including Old Navy, Toys R Us and Sears opened on Thanksgiving Day.
      • Teenagers adrift in Pacific for 50 days reach land Nov 26, 2021 02:33 AM

        • SUVA, Fiji - Three teenage boys who spent 50 days adrift in a tiny boat on the South Pacific walked ashore on shaky legs Friday, while hundreds of miles across the sea the people of their village celebrated what they called a miracle: their return from the dead.
        • The trio - Samuel Pelesa and Filo Filo, both 15, and Edward Nasau, 14 - told rescuers they survived on rainwater they collected, a handful of coconuts, raw fish and a seagull that landed on their 12-foot (3.5-meter) -long aluminum boat.
        • The boys set off Oct. 5 from their home island to one nearby.
          • Gimmicks, longer hours greet Black Friday shoppers Nov 26, 2021 02:29 AM

            • After weeks of "Black Friday" sales pitches, the real thing is finally here.
            • Retailers are ushering in the traditional kickoff of the U.S. holiday shopping season on Friday with expanded hours, deep discounts and online deals to draw bargain-hungry shoppers.
            • In a bid to grab shoppers earlier, a number of stores including Old Navy, Toys R Us and Sears opened on Thanksgiving Day.
              • Artillery heard on tense Yellow Sea island Nov 26, 2021 02:23 AM

                • YEONPYEONG ISLAND, South Korea - South Korea said fresh artillery shots were heard Friday on this Yellow Sea island, three days after it was devastated by a North Korean attack and hours after Pyongyang warned that the peninsula was on the brink of war.
                • The blasts happened just after the top U.S. commander in South Korea, Gen. Walter Sharp, toured Yeonpyeong island in a show of solidarity with Seoul and to survey damage from the Tuesday's hail of North Korean artillery fire that killed four people.
                • An official at the South Korean Joint Chiefs of Staff said several new rounds of artillery fire were heard Friday on Yeonpyeong, which is just 7 miles (11 kilometers) south of the North Korean mainland.
                  • Sounds of artillery heard on island Nov 26, 2021 01:49 AM

                    • YEONPYEONG ISLAND, South Korea - South Korean officials said Friday that artillery shots were heard on the Yellow Sea island attacked earlier this week by North Korea.
                    • It was not immediately clear if the artillery sounds were coming from North Korea or from the island.
                    • The sounds came as the North warned Friday that U.S.-South Korean military drills planned for this weekend are pushing the peninsula to the brink of war, and after a U.S. military commander toured the wreckage of island communities devastated by a North Korean artillery barrage on Tuesday.

                      More news


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