Huge Swings of The Stock Market
The stock market is characterized these days by huge swings on daily basis. Very strange. A large rise in the morning will end with huge drop by the time the market closes. In the mean time huge drop at the morning is revered at the close. The market is becoming jittery and ultra sensitive for any bit of news.
http://finance.yahoo.com/q?s=%5EDJI
Yahoo firing 1,500 workers; 3Q profit falls 64 pct-
http://www.bloomberg.com/?b=0&Intro=intro3
Apple, Broadcom, Coventry, Yahoo, VMware: U.S. Equity Preview
Oct. 21 (Bloomberg) -- The following companies may have unusual price changes in U.S. trading tomorrow. Stock symbols are in parentheses, and share prices are as of 5:40 p.m. in New York.
Standard & Poor's 500 Index futures expiring in December added 5.10, or 0.5 percent, to 964.40. Dow Jones Industrial Average futures fell 282, or 3 percent, to 9,035. Nasdaq-100 Index futures rose 17.50, or 1.4 percent, to 1,310.
Apple Inc. (AAPL:US) gained $7.29, or 8 percent, to $98.78. The maker of Macintosh computers and iPhones reported profit of $1.26 a share in the third quarter, beating the average analyst estimate by 13 percent, according to a Bloomberg survey.
Broadcom Corp. (BRCM:US) rose $1.15, or 8.3 percent, to $14.29. The maker of chips for the iPhone and Nintendo Co.'s Wii game console said third-quarter profit increased almost sixfold, topping some analysts' estimates, on wireless product sales and a technology royalty payment.
Coventry Health Care Inc. (CVH:US) slumped $8.49, or 30 percent, to $20. The health insurer said third-quarter profit fell to 58 cents a share. That's half the average analyst estimate of $1.06, according to a Bloomberg survey.
Other health insurance companies also declined. Humana Inc. (HUM:US) lost $3.77, or 10 percent, to $33.75. UnitedHealth Group Inc. (UNH:US) slipped $1.25, or 5 percent, to $24.
QLogic Corp. (QLGC:US) climbed 79 cents, or 6.3 percent, to $13.34. The chip and switch maker reported adjusted per-share earnings for the fiscal second quarter beat the average analyst estimate by 11 percent, according to a Bloomberg survey.
VMware Inc. (VMW:US) rallied $4.32, or 23 percent, to $23.05. The biggest maker of programs that let computers run multiple operating systems said that it earned 24 cents a share in the third quarter, excluding some items. That topped the average estimate by 18 percent, according to a Bloomberg survey of analysts.
EMC Corp. (EMC:US), the majority owner of VMware, jumped 70 cents, or 7.2 percent, to $10.39.
Yahoo! Inc. (YHOO:US) rose 68 cents, or 5.6 percent, to $12.75. The Internet company that rejected a takeover offer from Microsoft Corp. said it plans to cut at least 10 percent of its staff after advertising spending slowed.
http://finance.yahoo.com/q?s=%5EDJI
Yahoo firing 1,500 workers; 3Q profit falls 64 pct-
http://www.bloomberg.com/?b=0&Intro=intro3
Apple, Broadcom, Coventry, Yahoo, VMware: U.S. Equity Preview
Oct. 21 (Bloomberg) -- The following companies may have unusual price changes in U.S. trading tomorrow. Stock symbols are in parentheses, and share prices are as of 5:40 p.m. in New York.
Standard & Poor's 500 Index futures expiring in December added 5.10, or 0.5 percent, to 964.40. Dow Jones Industrial Average futures fell 282, or 3 percent, to 9,035. Nasdaq-100 Index futures rose 17.50, or 1.4 percent, to 1,310.
Apple Inc. (AAPL:US) gained $7.29, or 8 percent, to $98.78. The maker of Macintosh computers and iPhones reported profit of $1.26 a share in the third quarter, beating the average analyst estimate by 13 percent, according to a Bloomberg survey.
Broadcom Corp. (BRCM:US) rose $1.15, or 8.3 percent, to $14.29. The maker of chips for the iPhone and Nintendo Co.'s Wii game console said third-quarter profit increased almost sixfold, topping some analysts' estimates, on wireless product sales and a technology royalty payment.
Coventry Health Care Inc. (CVH:US) slumped $8.49, or 30 percent, to $20. The health insurer said third-quarter profit fell to 58 cents a share. That's half the average analyst estimate of $1.06, according to a Bloomberg survey.
Other health insurance companies also declined. Humana Inc. (HUM:US) lost $3.77, or 10 percent, to $33.75. UnitedHealth Group Inc. (UNH:US) slipped $1.25, or 5 percent, to $24.
QLogic Corp. (QLGC:US) climbed 79 cents, or 6.3 percent, to $13.34. The chip and switch maker reported adjusted per-share earnings for the fiscal second quarter beat the average analyst estimate by 11 percent, according to a Bloomberg survey.
VMware Inc. (VMW:US) rallied $4.32, or 23 percent, to $23.05. The biggest maker of programs that let computers run multiple operating systems said that it earned 24 cents a share in the third quarter, excluding some items. That topped the average estimate by 18 percent, according to a Bloomberg survey of analysts.
EMC Corp. (EMC:US), the majority owner of VMware, jumped 70 cents, or 7.2 percent, to $10.39.
Yahoo! Inc. (YHOO:US) rose 68 cents, or 5.6 percent, to $12.75. The Internet company that rejected a takeover offer from Microsoft Corp. said it plans to cut at least 10 percent of its staff after advertising spending slowed.
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