Analytics, News, and Forecasts for CFD Markets: stock news — 14-04-2011.

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14.04.2011
18:48
Dow -4.54 at 12266.45, Nasdaq -9.18 at 2752.35, S&P -1.43 at 1312.98

Financials continue to underperform the rest of the market. The sector's 0.8% loss comes amid weakness in diversified bank stocks, but also from investment banks. The latter space has been hurt by news that Goldman Sachs (GS 155.91, -4.26) has been accused by a Senate subcommittee for lying in a testimony during 2010. Meanwhile, Deutsche Bank (DB 60.35, -1.03) and Credit Suisse (CS 44.11, -0.55) were both downgraded by analysts at Societe Generale.

17:31
Dow -3.74 at 12268.42, Nasdaq -10.74 at 2751.20, S&P -1.77 at 1312.64

The Dow and the S&P 500 have made an upward push that has them at session highs. The effort has actually left the Dow only a few points away from the flat line. The Nasdaq continues to lag its counterparts, though.
Crude oil prices and gold prices have rallied to gains of more than 1% amid the dollar's downturn. Oil prices were recently quoted at $108.40 per barrel while gold is trading hands at $1474 per ounce.

16:19
Dow -43.74 at 12227.25, Nasdaq -16.06 at 2745.46, S&P -5.04 at 1309.37

Stocks continue to drift deeper into negative territory, but they remain well above session lows.
Despite the broad market's lackluster action, JB Hunt Transportation (JBHT 47.57, +2.97) shares set a fresh 52-week high on the back of a better-than-expected earnings report and upside guidance, which comes in the face of elevated oil prices. The stock has eased off of its session high, but continues to sport a gain of almost 7%.
Strength in shares of JBHT have helped prop up the company's peers. In turn, the Dow Jones Transportation Index has put together a 0.2% gain.

15:33
Dow -40.41 at 12230.58, Nasdaq -12.61 at 2748.91, S&P -4.43 at 1309.98
13:15
Before the bell: Stocks set for lower open as banks slump

U.S. stocks were expected to take a hit early Thursday, as the world's largest banks fell and dragged on equity markets, and the Labor Department reported an expected increase in jobless claims.

Late Wednesday, the Senate issued a 600-page report slamming Goldman Sachs as a "case study" of the recklessness and greed.
In premarket trading, Goldman Sachs (GS, Fortune 500) shares fell 1.2%, Bank of America (BAC, Fortune 500) fell 0.5%, and JPMorgan Chase (JPM, Fortune 500) shares were down 0.4%.
Economy: The Labor Department reported that first-time jobless claims increased by 27,000, to a weekly total of 412,000. The number came in higher than expected.
Wall Street was expecting initial claims to have totaled 385,000 claims last week.
The U.S. Bureau of Labor Statistics reported that the Producer Price Index rose 0.7% in March. Producer prices were expected to have risen 1.1% in March.
Companies: Google (GOOG, Fortune 500) reports its quarterly results after the close. Analysts expect the Internet search company's first-quarter profit will jump to $8.10 a share, compared to the $6.76 a share last year.
Google's stock was near its September 2007 levels, falling 9% since Eric Schmidt announced in January that he'd be stepping down as CEO.



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