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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (40101)	8/21/2003 11:42:55 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69218

10:37AM Tech stocks rise following Intel CEO's comments (DELL, INTC, $COMPQ, MSFT, CSCO) by Rex Crum SAN FRANCISCO (CBS.MW) -- Technology stocks were largely on the rise Thursday after Intel (INTC) CEO Craig Barrett said the semiconductor king was seeing some upturn in corporate personal-computer demand. Barrett made the comments to the Dow Jones newswire in Taipei. Intel's shares rose 15 cents to trade at $26.52, and helped pull the Nasdaq Composite Index ($COMPQ) up 15.11 points to 1,775.65. Other tech leaders on the rise included Dell (DELL), Microsoft (MSFT), and Cisco Systems (CSCO). 10:29AM Energy stocks trade mostly higher ($OIX, $OSX, $XNG) by Mike Maynard WASHINGTON (CBS.MW) -- Energy stocks followed the broader market higher, with utility shares rebounding in the wake of last week's blackout across parts of the U.S. and Canada. FirstEnergy (FE), the company drawing the most scrutiny from regulators probing the cause of the blackout, managed further gains, adding 15 cents to $29.34, as the Philadelphia Utility Index ($UTY) rose 0.4 percent to 276.32. It was a similar story for the CBOE Oil Index ($OIX) and the PSE Oil Service Index ($OSX), both higher by 0.2 percent amid fresh signs of pricing power for petroleum products. Notable gains were chalked up by Apache Corp. (APA), up 0.8 percent, and Dow component ExxonMobil (XOM), up 0.5 percent. Burlington Resources (BR) also rose 0.5 percent as the Amex Natural Gas Index ($XNG) moved higher by 0.3 percent. 10:28AM July U.S. index of leading indicators up 0.4 percent by William L. Watts WASHINGTON (CBS.MW) -- The Conference Board's index of leading economic indicators rose 0.4 percent in July, its fourth consecutive rise. The coincident index and the lagging index each increased 0.1 percent in July. The rise in the overall index was in line with expectations, but an upward revision in the June numbers from a 0.2 percent to a 0.3 percent increase meant the net rise was slightly stronger than expected, said Ian Shepherdson, an economist with High Frequency Economics. The rise in the leading index was fueled by positive readings on the interest rate spread, real money supply growth, lower weekly initial unemployment claims, improved vendor performance and stock prices, the Conference Board said. Negative factors were weekly manufacturing hours, consumer expectations, building permits, new factory orders for nondefense goods and consumer goods. The Conference Board said the overall trend in the indicators was consistent with an improvement in business investment in the second quarter that could be continuing into the present quarter. 10:16AM Gasoline futures at fresh five-month high by Myra P. Saefong SAN FRANCISCO (CBS.MW) -- Gasoline futures are trading at fresh five-month highs following a fall in last week's U.S. fuel supplies. September unleaded gasoline is trading at $1.0375, up 3.39 cents on the New York Mercantile Exchange. Futures prices haven't traded at these levels since mid-March. 10:08AM Five Dow stocks reach fresh 52-week highs by Julie Rannazzisi NEW YORK (CBS.MW) -- Five of the Dow's 30 members registered a fresh 52-week high in morning trading: Alcoa, DuPont, Intel, 3M and Wal-Mart.Of the mentioned names, Alcoa and Intel fared the best, rising 1.6 percent and 1.4 percent, respectively.