MORNING BUSINESS MINUTE -- Tues., Jan. 10, 2006
By:
Updated: April 17, 2007
For the first time since before the 9-11 attacks, we saw the Dow break the 11,000 mark. That comes as part of a five day rally, and part of investor sentiment that the Fed may end its interest rate hikes soon.
Investment firms also upgraded General Motors and Cisco Systems.
We saw the Dow added +52.59 (+0.48%) to close at 11,011.90. The NASDAQ added +13.07 (+0.57%) to close at 2,318.69. The S&P 500 added +4.70 (+0.37%) to close at 1,290.15.
Local stocks posted a mostly positive session. JB Hunt (JBHT) added +0.62% to close at $22.71. Tyson Foods (TSN) added +0.12% to finish at $16.83. Acxiom (ACXM) added +0.25
% to finish at $24.17 and Wal-Mart (WMT) lost -0.37% to close at $45.71.
In terms of economic figures out today, we have only one -- November Wholesale Inventories.
In terms of earnings numbers, we have about a dozen today, but no major component companies.
Overseas in Asia, the Nikkei lost -0.6% to reach 16,329.40 at the mid-day break in Tokyo -- the broader Topix also lost -0.6%.
Back in the U.S., in extended hours trading, the NASDAQ 100 Afterhours Indicator fell -0.23 (-0.01%) to close the night at 1,741.67.
