Notable ETF Movers of the Day 09/07: (SPY) (GDX) (EEM) Higher; (SMH) Lower
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Jobs Prove Hard to Come By in August; Investors Brace for What's Next
September 7, 2012 9:40 AM EDTThe U.S. economy added only 96,000 jobs in August, notably less than the average estimate from economists of 130,000. Amid yesterday's ADP report, some traders were expecting a beat on jobs and were disappointed. In addition to disappointing August results, July and June employment... More
Gold (GLD) Ticks Higher Following Tepid Nonfarm Numbers, Lower Unemployemnt
September 7, 2012 8:53 AM EDTThe SPDR Gold Shares (NYSE: GLD) ETF is ticking higher on expectations for further easing by the Fed following nonfarm numbers.
According to the U.S. Dept. of Labor Bureau of Labor Statistics, nonfarm payrolls increased 96,000, compared with expectations for an increase of 130,000.... More
Intel (INTC) Peers Tick Lower on Q3 Warning (NVDA) (AMD) (TXN)
September 7, 2012 8:07 AM EDTIntel (NASDAQ: INTC) peers are lower Friday morning following the Company cutting its third-quarter sales outlook.
Lower ahead of the bel are Advanced Micro (NYSE: AMD), NVIDIA (Nasdaq: NVDA), Broadcom (Nasdaq: BRCM), Texas Instruments (NYSE: TXN), and Marvell Tech (Nasdaq: MRVL), among others.... More
Intel (INTC) Cuts Q3 Sales Outlook; Cites Lower Inventory Demand in Supply Chain
September 7, 2012 8:02 AM EDTIntel Corp. (Nasdaq: INTC) reports that third-quarter revenue is expected to be below the companys previous outlook as a result of weaker than expected demand in a challenging macroeconomic environment. The company now expects third-quarter revenue to be $13.2 billion, plus or minus $300 million, compared... More
China Approves $157 Billion in Infrastructure Spending
September 7, 2012 7:46 AM EDTChina's government has approved 60 projects valued at $157 billion in an effort to reboot the economy and turn the tide on slowing. The projects were approved by the National Development and Reform Commission and are expected to be fast tracked projected, not "new" projects, according to reports from Reuters. Analysts say... More
