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Non-Tech : The Dazzling and New Women of SI Thread -- Ignore unavailable to you. Want to Upgrade?


To: Rainy_Day_Woman who wrote (128)4/1/2002 9:06:16 AM
From: Rainy_Day_Woman  Read Replies (1) | Respond to of 228
 
8:40AM: It looks as though the second quarter will start out lower as Mideast tensions over the weekend escalate...Retailers could be weak today as Merrill Lynch downgraded 14 names including: BKS, CC, PSIN, TGT, TOY, WMT. See Briefing.com's Up/Downgrades page for details...Also notable is Prudential's downgrade of Ford Motor (F 16.47) to Sell as firm sees mgmt confirmation of higher costs on the F-Series as a major concern. Estimates reduced....Crude oil prices have risen to a 6-month high as Middle East tensions increased over the weekend....
Overseas, European markets are closed for the holiday while Asian stocks were mixed...The Japanese yen had its largest decline in more than a week on a weak business confidence report...Current indications: S&P 500 futures are -6.8, or 5.8 pts below fair value. Nasdaq 100 is -17, or 16 pts below fair value.