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Enviado: 22/4/2004 17:43os do briefing.com explicam bem o que se passou após as 15:30
After lingering on the sidelines for most of the morning, buyers have pounced on stocks and driven them to new highs for the week... Buy programs and short-covering likely combined for a speedy advance that sent the S&P 500 and Nasdaq above their 50-day simple moving averages...
Homebuilding, basic material, health care, and aerospace have been at the helm of the recovery effort, and have offset a bit of selling in semiconductor... The semiconductor group has been one of the only weak links with KLA-Tencor's (KLAC 46.80 -1.52) losses holding it back... The company issued disappointing Q4 (June) guidance with a wide orders range that highlighted the lumpiness of the business...
Other than that, just about every other earnings report last night and this morning has been upbeat, with notables eBay (EBAY 80.89 +6.11), Qualcomm (QCOM 68.05 +2.21), and Starbucks (SBUX 39.39 +2.16) topping estimates and raising guidance... That has likely been a contributing factor to the rally, and has offset worries about interest rates - which have actually fallen today with the slight uptick in the bond market... The recognition that the Fed - as signaled by Chairman Greenspan yesterday and Tuesday - is not especially eager to raise rates - and will raise them in a slow fashion should they choose to do so - has also helped improve sentiment...
After lingering on the sidelines for most of the morning, buyers have pounced on stocks and driven them to new highs for the week... Buy programs and short-covering likely combined for a speedy advance that sent the S&P 500 and Nasdaq above their 50-day simple moving averages...
Homebuilding, basic material, health care, and aerospace have been at the helm of the recovery effort, and have offset a bit of selling in semiconductor... The semiconductor group has been one of the only weak links with KLA-Tencor's (KLAC 46.80 -1.52) losses holding it back... The company issued disappointing Q4 (June) guidance with a wide orders range that highlighted the lumpiness of the business...
Other than that, just about every other earnings report last night and this morning has been upbeat, with notables eBay (EBAY 80.89 +6.11), Qualcomm (QCOM 68.05 +2.21), and Starbucks (SBUX 39.39 +2.16) topping estimates and raising guidance... That has likely been a contributing factor to the rally, and has offset worries about interest rates - which have actually fallen today with the slight uptick in the bond market... The recognition that the Fed - as signaled by Chairman Greenspan yesterday and Tuesday - is not especially eager to raise rates - and will raise them in a slow fashion should they choose to do so - has also helped improve sentiment...
