Board-Ansicht
Mix-Ansicht- Close Dow +170.86 at 10625.20, Nasdaq +43.20 at 2059.81, S&P +19.28 at 1228.74: - NEWS-SERVICE, 26.04.2001, 08:42
Close Dow +170.86 at 10625.20, Nasdaq +43.20 at 2059.81, S&P +19.28 at 1228.74:
The markets managed to piece together a nice rally on the day. Stronger than expected March Home Sales data drove investors to buy equities again. Existing home sales for March were up 4.8% at a 5.4 million unit annual rate versus consensus estimates for a 5.1 million rate. New Home Sales for March were reported up 4.2% at a 1.02 million unit rate which compared favorably to the consensus expectation of a 910,000 annual rate. The stronger than expected showing served to alleviate investors' concerns regarding weak consumer spending. Many economists see stable consumer demand as crucial to the U.S. economic recovery, and today's data gave ammunition to those contending consumer strength remains intact... The Nasdaq had a bit of a stealth rally today as large cap issues such as Cisco Systems (CSCO -3.3%), Intel (INTC -0.5%) and Sun Microsystems (SUNW -6.0%) neglected to participate on the upside. Each of these market leaders finished the day in negative territory which suggests broad strength on the Nasdaq was greater than it appeared at first glance. Throughout the day, Briefing.com identified 2060 as meaningful resistance and the index closed just fractionally under this level. Earnings will drive market activity in the late session though the schedule is absent of truly heavy hitting reports. For a complete list of what to expect on the earnings front please visit Briefing.com's Earnings Calendar. If you'd like to follow the late session in real time, visit Briefing.com's Short Stories page. DJTA -0.1%... DJUA +.02%... SOX +3.1%... XOI +1.4%... BTK +5.3%... Nasdaq 100 +2.9%... S&P Midcap 400 +2.2%... Russell 2000 +2.3%... NYSE Adv/Dec 2049/1005... Nasdaq Adv/Dec 2359/1498.
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