The HP news is clearly positive, particularly for technology, ... and if nothing negative happens overnight, you could have a higher open. But we have CPI tomorrow, and that's a big unknown.
The HP news is clearly positive, particularly for technology, ... and if nothing negative happens overnight, you could have a higher open. But we have CPI tomorrow, and that's a big unknown.
With expectations for the third quarter already built in, money managers have begun selling on the news and taking money off the table.
So far all of the news coming into the market today is negative.
The big problem for the market has been the news flow. Energy prices continue to rise, gold prices continue to go up and earnings are coming in very mixed.
Overall, the Intel mid-quarter update was quite bullish. I would suspect unless something major happens overnight you are looking at a higher opening based on the Intel news.
© 2020 Inspirational Stories
© 2020 Inspirational Stories