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Sell Off Accelerating, NASDAQ Down Nearly 1%
Monday, June 6, 2011 - 3:12pm | 120The sell off on Wall Street is really starting to accelerate, with the NASDAQ leading the way, down nearly 1%. There were early warning signs this morning as the S&P 500 breached a key technical level, and since then selling has continued. At last check, the S&P was off 13 points to 1,287...
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Lunch Update: Markets Hold Slightly Negative
Monday, June 6, 2011 - 1:13pm | 270The markets are hovering slightly negative on the day as the economic picture of Europe and the United States continues to look grim. The Dollar has been slowly inching higher throughout the day, keeping the markets from surging back towards the flat line. The PowerShares DB US Dollar Index Bullish...
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Apple Well Off Session Highs As WWDC Starts
Monday, June 6, 2011 - 1:10pm | 69Shares of Apple (NASDAQ: AAPL) have given up the majority of their gains, and are only up 30 cents to $343.74, a gain of around 0.1%. Shares had been as high as $347.05 earlier in the session, but have backed off those levels. In the past month, Apple shares have risen some 3%, broadly...
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New Kids On The Block: Five New ETFs With The Recipe For Success
Monday, June 6, 2011 - 12:52pm | 672In April and May alone, a combined 82 new exchange traded products came to market, again indicating issuers are nowhere close to running short of ideas for new ETFs and ETNs. That's good news for investors, but not everything that is new, ETFs included, is worth embracing. New ETFs are a lot like...
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Good Deed of the Day: HP and PING Collaborate on Mobile Health Monitoring to Reduce Malaria
Monday, June 6, 2011 - 11:36am | 708Disease surveillance program uses HP webOS and cloud technology to help prevent major malaria outbreaks On the heels of the United Nations Social Innovation Summit, HP (NYSE: HPQ) and nonprofit organization Positive Innovation for the Next Generation are launching a collaboration to improve the...
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Key Technical Level Breached: How To Play It
Monday, June 6, 2011 - 10:13am | 2231,294.50 on the S&P 500 was just breached, and stocks are really starting to sell off now, with the indexes adding to losses. Traders were watching this key technical level, and once it was breached, it induced further selling. We are in a correction, there is no doubt about that, and traders...
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Apple Up In Early Trading Into WWDC Conference
Monday, June 6, 2011 - 9:31am | 63Shares of Apple Inc. (NASDAQ: AAPL) are up approximately 0.5% in early Monday trading as the company is going its WWDC conference today in California. Steve Jobs is expected to attend the conference and give a presentation regarding Apple's new products. Apple is introducing the iCloud, along...
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New Summary for June 6, 2011
Monday, June 6, 2011 - 9:12am | 310This is your Benzinga news summary and trader's outlook for Monday, June 6, 2011, covering headlines from the weekend and Monday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are still trading slightly lower after Friday's disappointing employment data. The U.S....
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J.P. Morgan Previews Apple's WWDC
Monday, June 6, 2011 - 7:57am | 162J.P. Morgan is maintaining its Overweight rating on Apple Inc. (NASDAQ: AAPL) as the company prepares for its annual WWDC to begin today. Says J.P. Morgan, in its report, “We expect WWDC 2011 to be a positive catalyst for shares of Overweight-rated Apple. The annual developers conference in San...
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A Peek Into The Market Before The Trading Starts
Monday, June 6, 2011 - 7:30am | 381Pre-open movers US stock futures are lower this morning, as investors are awaiting the start of Apple Inc's (NASDAQ: AAPL) annual developers conference. Futures on the Dow Jones Industrial Average dropped 30 points to 12,095.00 and futures on the S&P 500 stock index fell 3.10 points to 1,293.20...
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US Stock Futures Mixed; All Eyes On Apple
Monday, June 6, 2011 - 6:19am | 277US stock futures are mixed this morning, as investors are awaiting the start of Apple Inc's (NASDAQ: AAPL) annual developers conference. Futures on the Dow Jones Industrial Average dropped 8 points to 12,117.00 and futures on the S&P 500 stock index fell 0.40 point to 1,295.90. Nasdaq 100...
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Stocks To Watch For June 6
Monday, June 6, 2011 - 12:48am | 276Some of the stocks that may grab investor focus today are: Wall Street expects G-III Apparel Group Ltd (NASDAQ: GIII) to post its Q1 EPS at $0.04 on revenue of $195.36 million. GIII shares declined 2.50% to close at $38.98 on Friday. Electronic Arts Inc (NASDAQ: ERTS) is scheduled to hold press...
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Curing Our Ills with Innovation
Sunday, June 5, 2011 - 11:19pm | 1502Fareed Zakaria thoughts have blanketed both traditional and internet media outlets, spanning everything from Newsweek to Time, and the New York Times to CNN. With an undergraduate diploma from Yale and his PhD from Harvard, Dr. Zakaria has built up quite a following, especially when it comes to...
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Feds Probe Bids for Nortel Patents
Saturday, June 4, 2011 - 10:36am | 199The Wall Street Journal is reporting that the U.S. Justice Department (DOJ) is looking into prospective bidders, including Google (NASDAQ: GOOG) and Apple (NASDAQ: AAPL), for patents from bankrupt Canadian telecom-equipment maker Nortel Networks. As part of its bankruptcy proceedings, Nortel is...
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A Look Ahead: Next Week's ETFs To Watch
Friday, June 3, 2011 - 4:17pm | 568A holiday-shortened week is now in the books and despite a nice start to the week on Tuesday, a barage of disappointing economic data has sent U.S. stocks to another weekly loss. As of this writing the, S&P has careened 43 points from Tuesday's close and the Dow Jones Industrial Average has...