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Mar 01

Consumer Discretionary SPDRs (NYSE:XLY) – $30.79

Notable Stocks Comments Off

  The U.S. January Consumer Spending report released this morning confirmed that U.S. consumers continue to spend money. Spending rose another 0.3% versus an increase of 0.2% in December. Consumer Discretionary SPDRs (NYSE:XLY) – $30.79, that track the S&P Consumer Discretionary Index, are responding by breaking above resistance to reach a 17 month high. Current [...]

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Mar 01

Tech Talk for Monday March 1st 2010

Daily Reports 23 Comments »

Pre-opening Comments for Monday March 1st U.S. equity index futures are higher this morning. S&P 500 futures are up 3 points in pre-opening trade. Strength was prompted partially by merger & acquisition news. Prudential has agreed to buy AIG’s Asian unit for $35.6 billion. AIG added 9% on the news. In addition Merck AG has [...]

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