Lizzie and Thread, certainly surprising - maybe a bit of a summer slump? But I think it's only a pause, provided gas prices don't increase. Also, I think this has been too short of a recovery for it to be over so quickly, and pockets of high-tech is hiring.
moneycentral.msn.com
Earnings warnings hit software stocks.
If you wanted strength today, the place to be was, as CNBC’s Bob Pisani noted, “boring basic materials.” Alcoa gained about 2%, just ahead of Hewlett-Packard (HPQ, news, msgs).
“Growth is going to be strong. The question is will it be strong enough?”
But don’t let the recent bad headlines cloud the whole earnings sky, said Nick Raich, director of research at Zacks.
money.cnn.com
Techs temper gains
OPEC's pledge to boost oil output lifts stocks, but spate of earnings warnings caps gains.
July 7, 2004: 1:52 PM EDT
NEW YORK (CNN/Money) - Investors drew little comfort from falling oil prices Wednesday as a series of earnings warnings and downgrades in the technology sector capped stocks' modest advance.
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Regards,
Amy J |
