Stocks decline as consumer confidence falls to 26-year low

金牛银熊

Stocks decline as consumer confidence falls to 26-year low
Friday April 25, 10:21 am ET
By Tim Paradis, AP Business Writer Stocks decline as consumer confidence falls to 26-year low; Microsoft weighs on tech shares

NEW YORK (AP) -- An early advance fizzled on Wall Street Friday after a consumer sentiment reading fell to its lowest level in more than 25 years and a disappointing forecast from Microsoft Corp. weighed on technology issues.

 

The Reuters/University of Michigan consumer sentiment index came in at 62.6 for April, down from 69.5 a month earlier -- and the lowest reading since the early 1980s -- as Americans contended with rising energy and food prices. Consumers' flagging mood is worrisome for Wall Street because consumer spending accounts for about 70 percent of U.S. economic activity.

 

Microsoft said after the closing bell Thursday that worldwide sales next year should offset weakness in the U.S. economy. Still, investors appeared unimpressed by Microsoft's forecast for the current quarter and its revenue figures.

 

In midmorning trading, the Dow Jones industrial average fell 24.50, or 0.19 percent, to 12,824.45.

Broader stock indicators fell. The Standard & Poor's 500 index declined 0.37, or 0.03 percent, to 1,388.45, and the Nasdaq composite index fell 21.18, or 0.87 percent, to 2,407.74.

Declining issues outnumbered advancers by about 5 to 4 on the New York Stock Exchange, where volume came to 217.5 million shares.

 

Bond prices fell. The yield on the benchmark 10-year Treasury note, which moves opposite its price, rose to 3.86 percent from 3.83 percent late Thursday.

Light, sweet crude rose $1.64 to $117.70 on the New York Mercantile Exchange after a militant group in Nigeria said it had sabotaged an oil pipeline.

 

In corporate news, Goodyear Tire & Rubber Co. rose $1.97, or 7.1 percent, to $29.22 after posting a first-quarter profit amid increased revenue. The tiremaker, which reported a loss for the same period a year earlier, said it focused on higher-priced tires and international markets.

 

American Express Co. rose 98 cents, or 2.2 percent, to $46.16 after reporting its first-quarter earnings fell 6 percent as more U.S. cardholders failed to make their payments. The credit card lender's total provisions for credit losses jumped 48 percent from a year earlier to $1.27 billion. However, the company said cardholders are continuing to spend and that strength abroad has helped make up for troubles in the U.S.

 

The Russell 2000 index of smaller companies rose 3.89, or 0.53 percent, to 713.29.

 

Overseas, Japan's Nikkei stock average closed up 2.28 percent. In afternoon trading, Britain's FTSE 100 rose 0.08 percent, Germany's DAX index advanced 1.32 percent, and France's CAC-40 rose 1.12 percent.

江南听雨

石油啥时候跌啊

金牛银熊

开始了吧。。。反复有可能。。。但差不多了。。。

jeeplover

好象银熊兄的口气不那么坚定了.

usami

最近出来的数据都不好。。现在大盘横盘放量。。。嘿嘿。。

balto

好现象。

原帖由 jeeplover 于 2008-4-25 11:27 发表 好象银熊兄的口气不那么坚定了.

littletiger

lao jin, still 1/3 loaded? or fully loaded?

金牛银熊

能源战役兵力的三分之一已经投入战斗。。。准备打援的有三分之一。。。战役预备队也是三分之一。。。这就保证了岁月如歌。。。不会碎月如割。。。。。。 [ 本帖最后由 金牛银熊 于 2008-4-25 13:01 编辑 ]

金牛银熊

原帖由 jeeplover 于 2008-4-25 11:27 发表 好象银熊兄的口气不那么坚定了. src="http://www.hutong9.com/images/smilies/default/smile4.gif" border=0 smilieid="178"> src="http://www.hutong9.com/images/smilies/default/smile4.gif" border=0 smilieid="178">

1。越是关键时刻越要深谋远虑。。。。。。

2。战略上要蔑视敌人，战术上要重视敌人！！！

百万宝贝

原帖由 金牛银熊 于 2008-4-25 12:55 发表 能源战役兵力的三分之一已经投入战斗。。。。。。准备打援的有三分之一。。。。。。战役预备队也是三分之一。。。。。。这就保证了岁月如歌。。。。。。不会碎月如割。。。。。。 :time ...

\
你的水平真高。
请问你在大千ID的是什么？以便我们查阅你老大以前的珍藏版，学习学习。
谢谢

金牛银熊

不敢当。。。山外有山，天外有天。。。大丈夫行不更名，坐不改姓。。。

ppteam

ding! :(13): :(13):