Intel's news will have an impact on tech tomorrow, but it's going to be overshadowed by the jobs report.
More Quotes from Donald Selkin:
The silver lining on this is that it confirms that the Federal Reserve will not be raising interest rates anytime soon, which is good news for the market.Donald Selkin
It's such a knee-jerk reaction. I don't think that what the Fed said justifies the kind of reaction we saw. I would like to think that we could rally back after the certification is completed tomorrow, but I don't know. I am just stunned by the extent of this decline. Hopefully, it was a one-time reaction.
Donald Selkin
The market seems like it wants to go higher. People are looking beyond the valley.
Donald Selkin
This is the classic 'buy the rumor, sell the news' reaction. The market is expecting the second-quarter earnings are going to meet or beat, so even though Yahoo almost tripled its earnings, you're seeing some selling.
Donald Selkin
Earnings are not so great and we've got all these things we can't control, from military action in Afghanistan to the anthrax scare, so people are doing a little selling.
Donald Selkin
I think the markets will overlook the weak economic reports. Everyone knows numbers in February and March were terrible due to the snow storms and oil prices.
Donald Selkin
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