Sponsored by
You need to upgrade your Flash Player
You are now using a guest account at UpDown that will expire in 7 days on November 30. Sign up below to join the site and save your portfolio.
Note: If you already have an UpDown account , please log in.

INTEL CORP (INTC) 19.24 red arrow -$0.06 (-0.31%) 02:22AM (15 mins delay)


Wednesday Options Recap

Oct 14, 2009 - 3:58 PM EDT

Frederic Ruffy submits:

Sentiment

Stocks are trading higher and the Dow is making a run above 10,000 following a round of upbeat earnings and economic news Wednesday. Intel (INTC) shares are helping both the Dow Jones Industrial Average and the NASDAQ after the chipmaker reported quarterly earnings of 33 cents per share, which beat Street estimates by 6 cents. Meanwhile, JP Morgan (JPM) is up 3 percent and among the best gainers in the Dow after the bank reported 82 cents per share for the quarter, which trounced analyst estimates by 30 cents.

The day's economic news helped as well. Data released before the opening bell showed retail sales down 1.5 percent in September, which wasn't as bad as the 2.1 percent decline economists had predicted. Excluding autos, sales edged up .5 percent–compared to expectations for a .2 percent increase.


Complete Story »

Source: Seeking Alpha (Oct 14, 2009 - 3:58 PM EDT)



Make a suggestion for this page

Investing Channel Logo

Data powered by QuoteMedia (Terms of Use). Data delayed 15 minutes unless otherwise indicated.