Wednesday, September 27, 2006

Weak Durable Goods Orders Weighs On Market

The market is opening under a bit of pressure this morning after the durable goods report showed a decline of -0.5%. This is helping push bond yields lower again, with the 10-year falling to 4.55%.

Oil is trading higher, which is pushing up energy stocks for a second straight day. The semis are also getting an early bid.

In other news and notes:
  • RHAT gaps down -22% after reporting earnings
  • PAYX also lower on earnings report
  • DIVX gets a boost from Cramer's comments
  • Nikkei rallies +2.5%
  • RUTH lowers guidance for Q3
  • Judge dismisses part of AMD case against Intel
  • RBC raises GILD target to $78, growth accelerating
  • Jeffries ups INTC target to $24
  • Wedbush raises CROX target to $40



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