Paul Shread

A promising rally was cut short for the third straight day on Thursday, as the Dow continued to struggle with 10,300 resistance. The ISDEX http://www.wsrn.com/apps/ISDEX/ slipped 1 to 144, and the Nasdaq fell 20 to 1731. The S&P 500 slipped 3 to 1106, and the Dow lost 21 to 10,106. Volume declined to 1.36 billion […]

Investors first bought and then sold the news that Fed Chairman Alan Greenspan thinks the economy is on the mend, sending the market on a wild ride only to finish the day unchanged. The ISDEX http://www.wsrn.com/apps/ISDEX/ slipped 1 to 146, and the Nasdaq fell 14 to 1751. The S&P 500 was unchanged at 1109, and […]

A weaker than expected consumer confidence reading and more rumors of U.S. troops scouting in Iraq cut short a stock market rally on Tuesday. The ISDEX http://www.wsrn.com/apps/ISDEX/ rose 1 to 148, and the Nasdaq gave back 3 to 1766. The S&P 500 was unchanged at 1109, and the Dow declined 30 to 10,115. Volume rose […]

Positive earnings outlooks from Qualcomm and GM sent stocks surging on Monday. The ISDEX http://www.wsrn.com/apps/ISDEX/ rose 4 to 147, and the Nasdaq surged 45 to 1769. The S&P 500 rose 19 to 1109, and the Dow soared 177 to 10,145. Volume declined to 1.3 billion shares on the NYSE, and 1.7 billion on the Nasdaq. […]

Stocks bounced Friday despite continued accounting worries at JP Morgan, Computer Associates and other companies. The ISDEX http://www.wsrn.com/apps/ISDEX/ slipped fractionally to 143, and the Nasdaq gained 8 to 1724. The S&P 500 rose 8 to 1089, and the Dow gained 133 to 9968. Volume rose to 1.4 billion shares on the NYSE, and 1.83 billion […]

Stocks sold off sharply on Thursday after Cisco said that strength seen in recent months has begun to weaken. Rumors of U.S. ground troops on a scouting mission in Iraq – denied by the military – also weighed on the market, as did other reports of Mideast tensions. The ISDEX http://www.wsrn.com/apps/ISDEX/ fell 5 to 143, […]

IBM will announce new software, storage and servers for Grid Computing tomorrow, and will also announce plans to Grid-enable the company’s entire product portfolio. “Grid computing will take e-business to the next level by giving customers a resilient, flexible, virtual IT infrastructure readily available from any location, on demand,” Irving Wladawsky-Berger, vice president for technology […]

Stocks started the day on the downside Tuesday and continued down all day, as accounting concerns continued to take center stage. The ISDEX http://www.wsrn.com/apps/ISDEX/ fell 6 to 147, and the Nasdaq lost 54 to 1750. The S&P 500 dropped 20 to 1083, and the Dow plunged 157 to 9745. Volume declined to 1.19 billion shares […]

TORONTO – Internet traffic could grow eight times more than forecast over the next decade because of commercial adoption of Grid computing and related P2P applications, economist Robert Cohen said yesterday at Global Grid Forum 4. Cohen, of New York-based Cohen Communications Group, focuses on the Internet and telecom industries. He said Internet traffic will […]

Stocks fell sharply Friday on accounting worries and an unexpected drop in consumer confidence. The ISDEX http://www.wsrn.com/apps/ISDEX/ fell 5 to 154, and the Nasdaq lost 38 to 1805. The S&P 500 dropped 12 to 1104, and the Dow lost 98 to 9903. Volume rose to 1.36 billion shares on the NYSE, but declined to 1.6 […]

Dell matched estimates and reaffirmed guidance after the close on Thursday, but NVIDIA fell after hours after revealing an SEC investigation into the company’s accounting practices. Stocks were mixed during the day. The ISDEX http://www.wsrn.com/apps/ISDEX/ fell 2 to 159, and the Nasdaq lost 15 to 1843. The S&P 500 gave back 2 to 1116, and […]

Stronger than expected retail sales and technology earnings boosted stocks on Wednesday. The ISDEX http://www.wsrn.com/apps/ISDEX/ gained 2 to 161, and the Nasdaq rose 24 to 1859. The S&P 500 climbed 11 to 1118, and the Dow gained 125 to 9989. Volume rose to 1.2 billion shares on the NYSE, but declined to 1.5 billion on […]