Grizz~
i like your graphs. they're so easy to read. i notice it tells you the minimum shares and dollars to trade. does it tell you the maximum or is that strictly by choice?
beautiful day here, enjoy
foxy
morning warm up:
NEW YORK, March 24 (Reuters) - Corporate earnings jitters are expected to push U.S. stocks lower again on Wednesday, extending yesterday's dramatic sell-off, the second biggest drop of the year.
''There looks to be further downside in the tech sector, so the correction has obviously not run its course,'' said Hugh Johnson, chief investment officer at First Albany Corp.
On Tuesday the Dow Jones industrial average fell 218.68 points, or 2.21 percent, to 9,671.83.
Just after 0815 EST/1315 GMT, June S&P 500 futures were down 1.30 points at 1271.00.
Tuesday's sell-off gained steam as analysts looked to disappointing first quarter results, particularly at leading technology companies.
Worries about slowing sales growth has already hurt shares of Compaq Computer Corp. (NYSE:CPQ - news), International Business Machines Corp. (NYSE:IBM - news) and Dell Computer Corp. (Nasdaq:DELL - news).
Late on Tuesday, Read-Rite Corp. (Nasdaq:RDRT - news), a maker of recording heads used in computer disk drives, said it would report a second-quarter loss with its sales slumping.
But earnings concerns spread beyond the tech sector. On Tuesday, Coca-Cola Co. (NYSE:KO - news) shares fell after Merrill Lynch cut its forecast for Coke's first-quarter profits to $0.31 a share from $0.32 due to the strong dollar.
Paper maker Bowater Inc.'s (NYSE:BOW - news) first quarter earnings estimate was slashed to $0.13 a share from $0.29 at Morgan Stanley after the company announced a second round of production cuts.
Heightened tensions in Kosovo have added a negative sentiment to the market, traders said. Remaining American, German and French diplomats evacuated the Yugoslav capital early Wednesday in anticipation of NATO air strikes.
''The news of military action is more imminent than it was at the close yesterday, and nobody likes that,'' said Arthur Hogan, chief market analyst at Jefferies & Co. ''It doesn't affect anyone's earnings per share, but it does affect the overall feeling about the global economy.''
The market may also be influenced by U.S. durable goods data released this morning.
U.S. durable goods orders took their biggest tumble in more than seven years in February, led by weak demand for aircraft, the government reported.
The figures cast doubt on recent hints of a recovery in the battered manufacturing sector.
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