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Old 12-02-2003, 10:02 AM
jjgold jjgold is offline
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07:08 ET CombiMatrix receives $1.25 mln milestone payment from Toppan pact (CBMX) 3.85:
07:06 ET Sepracor announces Phase III results for XOPENEX metered-dose inhaler (SEPR) 24.98: Phase III trials conducted by Sepracor, the XOPENEX HFA MDI was well tolerated and met the targeted efficacy endpoints in both adults and children with asthma. In the primary airway function measure, FEV1 (a test of lung function that measures the amount of air forcefully exhaled in one second), the XOPENEX HFA MDI produced statistically and clinically significant improvements relative to placebo.
07:03 ET Viacom to sell off stake in BBI -- WSJ (BBI) 17.23: The Wall Street Journal reports VIA is close to a decision to sell off its 82% stake in BBI, most likely to a group of private equity firms. The precise form of the divestment isn't yet certain, but people close to the company say there is no doubt Viacom, after years of indecision, is poised to get rid of Blockbuster.
07:01 ET Telik granted FDA fast track for TELCYTA (TELK) 21.37: Announces that the FDA granted Fast Track designation for TELCYTA for third line therapy for locally advanced or metastatic non-small cell lung cancer.
06:55 ET Dell's website traffic increased significantly over holiday weekend (DELL) 34.89: The Wall Street Journal reports Dell said its web site for personal-computer sales had more than two million visitors over the four-day Thanksgiving holiday weekend, which is up 20% from a year ago. For the second year in a row, the co also said more than half of its sales that weekend were made online.
06:50 ET European Markets FTSE...4393.50...-16.50...-0.4%. DAX...3833.73...+12.53...+0.3%.
06:50 ET S&P futures vs fair value: -1.6. Nasdaq futures vs fair value: -6.0.
06:50 ET Asian Markets Nikkei...10410.15...+6.88...+0.1%. Hang Seng...12412.23...-44.76...-0.4%.
06:45 ET U.S. forces captures Iraq's 2nd most wanted : Reuters reports that U.S. forces may have killed or captured Izzat Ibrahim, the most wanted man in Iraq after Saddam Hussein and believed to be a mastermind of the guerrilla resistance, Iraq Governing Council sources said on Tuesday.
06:43 ET European Summary : European indexes hovering around flatline with Infineon Technologies AG and other semiconductor-related companies trading up after an industry group forecasted 14 percent growth in global sales this year. ARM Holdings (ARMHY), whose chip designs are used in two-thirds of the world's mobile phones, gaining 4 percent. Nokia (NOK), the world's largest mobile-phone maker trading up close to 2 percent after CFSB raised its 2004 and 2005 profit estimates. Vivendi (V) shares rose to their best levels this year as the group swung to a forecast-beating third-quarter net profit thanks to gains at its telecoms, pay television and entertainment divisions. The dollar holding steady versus the euro just above the previous day's record low as evidence of a strong U.S. recovery was again outweighed by lingering concerns about U.S. economic imbalances... UK -0.37%, France -0.01%, Germany +0.15%.
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Old 12-02-2003, 11:52 AM
jjgold jjgold is offline
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08:55 ET: [BRIEFING.COM] S&P futures vs fair value: -3.4. Nasdaq futures vs fair value: -7.5. With little in terms of market-moving economic or earnings news to speak of this morning, futures indications continue pointing to a lower open for the cash market. The bond market is gaining some ground on the heels of yesterday's and last week's pullbacks, with the 10-year note up +5/32, bringing its yield down to 4.37%.

08:25 ET: [BRIEFING.COM] S&P futures vs fair value: -3.2. Nasdaq futures vs fair value: -8.5. The futures market continues to slip and is pointing to a lower open for the cash market. With all of the major averages having closed at new 52-week highs in yesterday's session, the market is taking a breather this morning ahead of a batch of economic reports and analyst meetings later in the week.

08:00 ET: [BRIEFING.COM] S&P futures vs fair value: -2.1. Nasdaq futures vs fair value: -7.5. The futures market is lower in a reversal of yesterday's sizeable gains that ranged 1.1-1.5% for the major averages. Trade in the European bourses is also lackluster, with the DAX trading up +0.05% and CAC and FTSE trading down -0.04% and -0.29%, respectively
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Old 12-02-2003, 02:20 PM
jjgold jjgold is offline
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08:55 ET: [BRIEFING.COM] S&P futures vs fair value: -3.4. Nasdaq futures vs fair value: -7.5. With little in terms of market-moving economic or earnings news to speak of this morning, futures indications continue pointing to a lower open for the cash market. The bond market is gaining some ground on the heels of yesterday's and last week's pullbacks, with the 10-year note up +5/32, bringing its yield down to 4.37%.

08:25 ET: [BRIEFING.COM] S&P futures vs fair value: -3.2. Nasdaq futures vs fair value: -8.5. The futures market continues to slip and is pointing to a lower open for the cash market. With all of the major averages having closed at new 52-week highs in yesterday's session, the market is taking a breather this morning ahead of a batch of economic reports and analyst meetings later in the week.

08:00 ET: [BRIEFING.COM] S&P futures vs fair value: -2.1. Nasdaq futures vs fair value: -7.5. The futures market is lower in a reversal of yesterday's sizeable gains that ranged 1.1-1.5% for the major averages. Trade in the European bourses is also lackluster, with the DAX trading up +0.05% and CAC and FTSE trading down -0.04% and -0.29%, respectively
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Old 12-02-2003, 03:59 PM
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13:00 ET Dow -25, Nasdaq -1, S&P -0.67: [BRIEFING.COM] Major indices resume their earlier lackluster trade as the Nasdaq slips back into negative territory... Mild profit-taking in a handful of technology sectors - such as wireless, electronic manufacturing services, networking, and computer hardware - has been a drag on the Composite and led to its weakened stance... As for the blue chip averages, the auto shares have fallen lower following Ford's (F 12.95 -0.17) release of its November auto sales... The company posted a 2% decline in sales, and lowered its Q4 (Dec) production forecast for North America by 20,000 units... NYSE Adv/Dec 1717/1405... Nasdaq Adv/Dec 1670/1416.

12:30 ET Dow -18, Nasdaq +4, S&P -0.03: [BRIEFING.COM] Indices settle over last half hour...Caterpillar (CAT 75.73 -1.06) is the only Dow stock moving as much as a dollar...16 of the 30 are down, with 3M (MMM 81.06 -0.55) the next largest mover... NYSE Adv/Dec 1668/1448... Nasdaq Adv/Dec 1638/1415.

12:05 ET Dow -16, Nasdaq +3, S&P +0.06: [BRIEFING.COM] Stocks opened lower on mild profit-taking...the action never reflected any serious selling pressures, however, and when the Nasdaq bounced off a key support level, that index surged upward and the whole market eventually followed...not that it is an excessively exuberant day, but even holding steady after yesterday's losses would look good on the charts...corporate news is limited. McData (MCDT, MCDTA 9.54 -1.05) is down after issuing disappointing guidance with their earnings report, and PepsiCo (PEP 48.22 -0.49) is down on restructuring and that it will start expensing stock options...advancers lead decliners and the Russell 2000 small cap index is up 1.63, suggesting broad support...volume is moderate...next big events are Intel mid-quarter conference call Thursday after the close and employment data Friday morning... NYSE Adv/Dec 1583/1480... Nasdaq Adv/Dec 1562/1451.

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Old 12-02-2003, 05:47 PM
jjgold jjgold is offline
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14:30 ET Dow -57, Nasdaq -7, S&P -4.46: [BRIEFING.COM] Auto sales for November are coming in reasonably strong...GM ($3.43 +0.29) reported an increase of 22% from last year compared to an expected increase of about 15%...DaimlerChrysler (DCX 5.70 +0.10) up 3%, compared to expectations of a slight decline...Ford (F 12.95 -0.17) though was weaker than an expected with a decline of 2% compared to expectations of up a couple of percent...indices have given way...once again ascribed mostly to technical (chartist) considerations... NYSE Adv/Dec 1712/1501... Nasdaq Adv/Dec 1599/1555.

14:00 ET Dow -19, Nasdaq +5, S&P +0.07: [BRIEFING.COM] Gold went through $405 and is now about $403 an ounce, with widespread expectations of further gains...the dollar has slumped further against the Euro, trading at 1.2088...none of this seems to bother the stock market though, as the Nasdaq is in a very modest, but steady, uptrend through the trading session...earlier today, the Challenger layoff number for November was reported at 99,452...interpretations were mixed...that is down 42% from October, but still relatively high...the series is not a great predictor of payroll changes in any case... NYSE Adv/Dec 1784/1393... Nasdaq Adv/Dec 1718/1408
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Old 12-02-2003, 07:35 PM
jjgold jjgold is offline
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Close: The indices opened slightly lower and ended that way in a generally uneventful day...early profit-taking was followed by an upward drift, a sharp sell-off purportedly due to a program trade, and then another slight rebound...nothing of great substance that will alter underlying sentiment...corporate news was light...McData (MCDT 9.31 -1.28) had a rough day after their earnings and lower guidance yesterday, and PepsiCo (PEP 48.12 -0.59) was down after announcing restructuring charges and that it will expense stock options...
gold went above $400 amidst talk of it continuing upward, and the dollar weakened yet further against the Euro...the steel sector was weak on reports the Bush Administration might reduce tariffs, and the retail and airline sectors were also off...Intel (INTC 33.85 -0.18) was down even though two major brokerage firms raised earnings estimates ahead of their mid-quarter update scheduled for Thursday after the close...after that, next big scheduled event is the employment data due on Friday morning...volume was moderate, and advancers were about even with decliners on a day that will be widely viewed as a modest reaction to the big gains of yesterday...
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