Een blik op Wall Street. Met die technologie loopt het wel goed. Zal het voldoende werk
zijn voor de minder technogiewerkers, vraag ik me af?
Dat is dan wel macro bekeken, want top US-techbedrijven draaien dan toch nog. En dat is dan wederom FA-beleggen. Niet zo geschikt voor de DD.
"US Stocks Close Mixed; DJIA Edges Up But S&P 500 SlipsRelated stories
U.S. stocks manage gain as Intel offsets Fed views (5:01p)
Intel shares rally as investors embrace results (4:40p)
U.S. stocks end fractionally up as Fed cuts views (4:17p)
Intel boosts sentiment in battered tech sector (4:51p)
Story
Comments Screener Alert Email Print ShareBy Donna Kardos
(Updates with additional company information, beginning in the 14th paragraph.)
NEW YORK (MarketWatch) -- A strong earnings report from Intel boosted U.S. blue-chip stocks Wednesday, extending the Dow Jones Industrial Average's winning streak to seven sessions.
Still, the Dow's gain was slim and the broader Standard & Poor's 500 index snapped a six-day streak as optimism over the pace of corporate earnings gave way to a chilly economic forecast from the Federal Reserve.
The Dow, which climbed 3.7 points, or 0.04%, to 10366.72, was led by its technology components after chip maker Intel posted the strongest quarterly results in its 42-year history. The Dow hasn't had such a long positive run since March.
Intel's results were seen as proof that businesses have joined consumers in snapping up new computers, and the numbers provided a big boost to other technology stocks. Intel (Nasdaq) climbed 35 cents, or 1.7%, to 21.36; Cisco Systems (Nasdaq) advanced 65 cents, or 2.8%, to 23.74; Microsoft (Nasdaq) advanced 31 cents, or 1.2%, to 25.44; and Hewlett-Packard climbed 57 cents, or 1.2%, to 47.34.
The technology-heavy Nasdaq Composite gained 7.81, or 0.35%, to 2249.84, marking its seventh straight session in the black.
"What the Intel report tells you is that the world really wants technology. We've had 10 years of business either moderately [investing] or under-investing in technology, and now we're in a refresh cycle," said Morris Mark, president Mark Asset Management.
Still, he added, "that's not enough to get employment and housing where it ought to be."
The troubles in those markets were highlighted in minutes released Wednesday from the Federal Reserve's June policy-setting meeting. The minutes, which noted a "relatively modest" worsening in the economic outlook, showed the Fed's policy makers raised the possibility that further monetary stimulus may be needed if the economy shows more serious signs of slowing.
Investors said the minutes weren't surprising, but served as a glum reminder of the troubles the economy faces. Economic data released Wednesday also underscored those woes, with retail sales slumping for the second straight month while an increase in business inventories was weaker than expected.
The retail sales data weighed on Home Depot, which was the Dow's weakest component with a drop of 36 cents, or 1.3%, to 28.28.
The S&P 500 slipped 0.17, or 0.02%, to 1095.17, narrowly missing its chance to set the measure's longest winning streak since October 2006.
While the index's technology sector was strong, its financial sector slumped as investors grew cautious ahead of earnings reports due from big banks later this week. J.P. Morgan is set to release its second-quarter results Thursday and Citigroup and Bank of America will follow with theirs Friday.
J.P. Morgan declined 13 cents, or 0.3%, to 40.35 and Citigroup shed 9 cents, or 2.1%, to 4.21, although Bank of America ended flat at $15.67.
ASML Holding (Nasdaq) climbed 67 cents, or 2.1%, to 31.94. The Dutch semiconductor-equipment maker said it will ramp up production in anticipation of a record year for sales after its second-quarter earnings beat expectations.
Expeditors International of Washington (Nasdaq) jumped 2.48, or 6.7%, to 39.64, after the freight forwarder predicted its second-quarter earnings will beat expectations because of large increases in both air- and ocean-freight volume.
Motorola advanced 25 cents, or 3.5%, to 7.46, after The Wall Street Journal reported that Nokia Siemens Networks is in talks to buy Motorola's telecom-equipment arm, according to people familiar with the matter. Also providing a boost, MKM Partners boosted its investment rating on Motorola's shares to neutral from sell, saying the company is likely to benefit from its rivals' woes.
Northrop Grumman climbed 1.73, or 3.1%, to 56.99. The defense contractor said it plans to consolidate its Gulf Coast shipbuilding operations at its Pascagoula, Miss., plant and has hired advisers to explore options for that business. The company said it will take a $113 million second-quarter charge related to the consolidation.
Yum Brands slipped 50 cents, or 1.2%, to 41. The fast-food company's second-quarter earnings fell 5.6% after a large prior-year gain, and while the company boosted it profit projection for the year, its new view was shy of Wall Street's expectations.
Lincoln National slumped 1.45, or 5.7%, to 24.04, after Credit Suisse cut its investment rating on the insurer to neutral from outperform, saying it is more concerned about impairments if interest rates remain low.
Lexmark International declined 1.98, or 5.7%, to 33.01. Morgan Stanley downgraded its investment rating on the stock to underweight from equalweight, saying the printer maker faces increased competition on laser printers, reduced growth as inventory stocking slows and an earnings risk thanks to the falling value of the euro.
Annaly Capital Management dropped 74 cents, or 4.1%, to 17.52, after the real-estate investment trust priced its planned offering of at least 60 million shares, as the offering would increase its shares outstanding by about 11%.
Goede nacht en groet Jonas.
PS Ik mis trouwens wel een aantal posters zoals Looking Value en Jan de Wandelaar en meer