TSP's Top Stories Before the Bell
Here are the top stories we are watching that could impact trading in the stock market this morning…
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Weekly Jobless Claims fell for a second consecutive week and were below expectations.
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LinkedIn IPO is priced at $45 - the highest valuation of any
U.S. internet company since Google. Trading starts this morning.
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DSK Resigns from IMF, citing the desire to protect the IMF and to
focus on his innocence.
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PIGI's Update: EU provides terms to Portugal.
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Looks like Goldman Sachs is cashing out of LinkedIn when everyone is
gaga of the IPO.
- Japan's economy has officially slipped back into recession as GDP fell -0.9% in the last quarter.
- Intel gets downgraded by Goldman (along with AMAT and KLAC).
- Lots of news this morning: Bloomberg Comfort at 9:45, Existing Home Sales, LEI, and Philly Fed all at 10:00 am.
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Here's your executive summary of Wall Street Research for this morning.
-
Does Your Portfolio Manage Risk? Would you like it to? Check out TSP's weekly Risk Manager
report.
- Oil prices are rising this morning - May futures trading at $100.18
- Key technical areas to watch on S&P 500 (cash index) - Key Support: 1320, Resistance: 1340
S&P 500 Last 3 Months
US Oil Fund - Last 3 Months
PowerShares US Dollar - Last 3 Months
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