9:00am (EST) The market finished flat on Tuesday ahead of Italy’s debt offering which we will cover in a minute. Economic news was mixed but not too shabby as Consumer Confidence came in better-than-expected while the Case-Shiller Index came in below forecasts. We weren’t too surprised to see a tightRead more
9:00am (EST) The bulls came into last week facing an uphill battle following comments from European Central Bank chief Mario Draghi and the death of North Korean leader Kim Jong-il. The bears were already pushing the bottom of the current trading range and Monday’s 1% pullback pushed the indexes toRead more
9:00am (EST) The bulls continued their winning ways on Thursday after pushing the market higher for the third day in-a-row and closer to another break past resistance. The Dow gained 62 points, or 0.5%, to finish at 12,169. The index fell just short of our 12,200 target after hitting aRead more
1:25pm (EST) Futures were pointing towards a lower start on Wall Street when the European markets opened for trading this morning following comments from European Central Bank chief Mario Draghi and the death of North Korean leader Kim Jong-il. Repeating the obvious, Dragi said the “agreement” at the European UnionRead more
1:50pm (EST) Zynga (ZNGA, $9.87, down $0.13) opened for trading this morning on the Nasdaq stock exchange after pricing shares at the top end of their expected range. The company offered Wall Street 100 million shares at $10 which raised $1 billion with over-allotments of 15 million shares that could bring the deal to $1.15Read more
1:00pm (EST) We said this morning Wall Street might need some convincing on the European Union (EU) leaders agreement to tighter fiscal rules for the eurozone. From the looks of things, they seem to believe, once again, that the worst was averted and seem convinced most of the countries willRead more
