Twinkle Twinkle Little Star....How i Wonder What You are.....Up above Rising so High......always be Happy, Never Cry.....
Stocks rose steadily Tuesday after Goldman Sachs Inc. reported better-than-expected results and as oil prices fell despite a filed attack on the U.S. embassy in Damascus. The market reacted positively to management changes at Bristol-Myers Squibb Co. and Hewlett Packard Co.
n late morning trading, the Dow Jones industrial average rose 58.67, or 0.51 percent, to 11,455.51. Broader stock indicators were also up. The Standard & Poor's 500 index was up 7.06, or 0.54 percent, at 1,306.60 and the Nasdaq composite index rose 16.94, or 0.78 percent, to 2,190.19.
News of an attack by gunmen on the U.S. embassy in the Syrian capital had little effect on oil prices and that contributed to Tuesday's advance. A barrel of crude oil fell 36 cents to $65.25 a barrel on the New York Mercantile Exchange.
Peter Cardillo, chief market analyst at S.W. Bach & Co., attributed the market's rise to corporate news including Goldman's earnings and Wall Street's decision not to dwell on a record trade deficit figure released Tuesday. He also said the market seemed to shrug off the news from Damascus.
The Commerce Department reported that the country's trade deficit ballooned to a record $68 billion in July amid high oil prices, jumping 5 percent from the June imbalance.
"So far September is not acting all that bad and basically what we're seeing is a range-bound market which means that investor appetite for stocks isn't diminishing," Cardillo said.
Bonds fell, with the yield on the benchmark 10-year Treasury note rising to 4.85 percent from 4.80 percent on Monday. The dollar was mixed against other major currencies, while gold prices rose.
Cardillo noted that, "oil prices and commodity prices are coming down and if that continues we could be headed for a strong fourth quarter."
One major factor in how the coming quarter will play out, Cardillo noted, is interest rates. Whether the Federal Reserve feels the need to adjust them in the fourth quarter could weigh on markets.
Stocks rose steadily Tuesday after Goldman Sachs Inc. reported better-than-expected results and as oil prices fell despite a filed attack on the U.S. embassy in Damascus. The market reacted positively to management changes at Bristol-Myers Squibb Co. and Hewlett Packard Co.
n late morning trading, the Dow Jones industrial average rose 58.67, or 0.51 percent, to 11,455.51. Broader stock indicators were also up. The Standard & Poor's 500 index was up 7.06, or 0.54 percent, at 1,306.60 and the Nasdaq composite index rose 16.94, or 0.78 percent, to 2,190.19.
News of an attack by gunmen on the U.S. embassy in the Syrian capital had little effect on oil prices and that contributed to Tuesday's advance. A barrel of crude oil fell 36 cents to $65.25 a barrel on the New York Mercantile Exchange.
Peter Cardillo, chief market analyst at S.W. Bach & Co., attributed the market's rise to corporate news including Goldman's earnings and Wall Street's decision not to dwell on a record trade deficit figure released Tuesday. He also said the market seemed to shrug off the news from Damascus.
The Commerce Department reported that the country's trade deficit ballooned to a record $68 billion in July amid high oil prices, jumping 5 percent from the June imbalance.
"So far September is not acting all that bad and basically what we're seeing is a range-bound market which means that investor appetite for stocks isn't diminishing," Cardillo said.
Bonds fell, with the yield on the benchmark 10-year Treasury note rising to 4.85 percent from 4.80 percent on Monday. The dollar was mixed against other major currencies, while gold prices rose.
Cardillo noted that, "oil prices and commodity prices are coming down and if that continues we could be headed for a strong fourth quarter."
One major factor in how the coming quarter will play out, Cardillo noted, is interest rates. Whether the Federal Reserve feels the need to adjust them in the fourth quarter could weigh on markets.