Market Gawk

American’s thirst for oil keeps the tankers coming from foreign wells. But Continental Resources says there are still hydrocarbons to be found in…

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Good news from IBM mid-day sparked a turn-around in the market. While the reversal was impressive it didn’t do much to improve the overall technical pictures for the indices. The S&P is inching closer to its 50-day moving average and resistance near 1,400 on slightly below average volume.

The Naz almost escaped its […]

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Original post by FeedZilla

Shares rose for a third day as easing credit market worries lifted financials and IBM’s share buyback plan aided technology names, while gold hit a new record as the dollar slumped

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Ryder System Chief Human Resources Officer Gregory F. Greene exercised options for 7,166 shares of common stock, a Securities and Exchange Commission filing showed. (R)

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Autodesk Inc. shares tumble 10% late Tuesday after the design software provider reports quarterly earnings that come in below expectations.

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SAN FRANCISCO (MarketWatch) — Och-Ziff Capital Management Group LLC has tentatively begun buying troubled home loans, and the hedge fund firm will likely expand more aggressively in residential mortgage markets this year, Chief Executive Dan Och said on Tuesday.

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HONG KONG (MarketWatch) — Asian markets rallied early Wednesday, encouraged by gains on Wall Street, with Hong Kong stocks jumping on HSBC Holdings Inc. and property developer Cheung Kong (Holdings) on expectations the government could reduce taxes in its annual budget.

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The uranium producer said higher prices for labor and commodities will increase cost of new plant.

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The world’s worst kept secret is being wrenched open by tax authorities. Expect an exodus of the well-heeled.

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Listen to our Evening DailyFX Forex Radio PodCast: http://media.dailyfx.com/podcasts/FXRadioPM022608.mp3

Original post by FeedZilla