Stock Market News – Microsoft (MSFT) IBM INTC and HPQ Push Tech Sector Higher

alt text

(Best Syndication News) Stocks markets in Asia are opening higher early Monday after advancing last week (see stock charts below). Although European markets closed lower on Friday, the major indexes were higher over the five last sessions.

World Markets

The Shanghai composite index (China) is up 1.03 percent early Monday. The Nikkei 225 (Japan) and the Hang Seng (Hong Kong) are up 0.15 percent and 0.84 percent respectively. The Australian S&P ASX index is down 0.34 percent.

All three of those indexes were higher last week (see world market index chart below). The ASX was the laggard, gaining only 1.04 percent on the week.

The Brazil Bovespa Stock index and the Athens Greece Composite index were the big winners. The Bovespa gained more than five percent and the Athens Composite index gained 9.81 percent.

Although we are in the midst of earning season, one of the biggest factors affecting stock prices is the Greek sovereign debt crisis. Italian bond yields are dropping, however Greece has not worked out a solution to the debt woes.

European debt ministers will meet in Brussels Monday to hash-out new budget rules. The goal is to protect stronger nations from the possible debt contagion. Reports from the Hellenic Republic suggest that bondholders and Greek officials have made some headway. This could partially account for the upward trend in Asia.

Large Cap Winners

Microsoft Corporation (NASDAQ:MSFT) was the big winner in our large-cap index Friday (see large cap stock chart below). The share price gained nearly six percent in one day on nearly triple the average volume.

MSFT continued to climb in the after-hours. The price increased six cents to $29.77. There was a tight spread between the ask and bid prices.

The share price of International Business Machines Corp. (NYSE:IBM) jumped more than four percent. Positive earnings reports for IBM and MSFT continued to propel both stock prices higher Friday.

The Dow technology sector as a whole gained more than any other sector, with the exception of the financial sector. Tech stocks were up 0.38 percent Friday. Over the last five days the tech sector gained 2.82 percent.

Another tech stock, Hewlett-Packard Company (NYSE:HPQ), added more than three percent during the trading day. The share price climbed another two cents in the after-hours to $28.15. HPQ will report their Q1 2012 earnings on February 22nd.

Intel Corporation (NASDAQ:INTC) gained nearly three percent during Friday’s trading. In the after-hours, there was a bid of $26.27 on 1,000 shares and an ask of $26.94 on 200 shares.

By: Dan Wilson

Large-Cap Stock Chart:


Friday BSN LG01 -
Large Cap
One Day Five Day 30-Day 100-Day
1/18/2012 Name % Change % Change % Change % Change
91.2 British American... 1.51% -0.18% -3.10% 0.88% 140
13.7 UBS AG (USA) 1.56% 14.74% 9.69% -1.93% 141
7.07 Bank of America... 1.58% 6.96% 20.03% -15.73% 142
26.04 Credit Suisse Group AG... 1.60% 15.07% 3.09% -6.43% 143
19.77 Koninklijke Philips... 1.75% 7.80% -5.00% -3.61% 144
51.9 Express Scripts, Inc. 1.84% 5.60% 12.85% 10.57% 145
46.54 Imperial Oil Limited... 1.88% 5.27% 5.87% 16.50% 146
34.54 HONDA MOTOR CO. 1.95% 4.51% 8.28% 7.94% 147
39.94 Medtronic, Inc. 2.04% 3.34% 9.76% 14.80% 148
27.76 Vodafone Group Plc (ADR) 2.10% 3.27% 2.06% 3.66% 149
42.94 China Life Insurance... 2.19% 11.50% 2.46% 17.84% 150
42.4 HSBC Holdings plc (ADR) 2.49% 9.84% 5.34% -0.54% 151
12.48 Manulife Financial... 2.55% 7.31% 9.76% -8.24% 152
26.38 Intel Corporation 2.93% 4.93% 2.81% 29.95% 153
13.95 Barclays PLC (ADR) 3.10% 12.77% 15.96% 28.33% 154
71.4 Toyota Motor Corp. (ADR) 3.34% 4.60% 4.31% -0.97% 155
17.85 Sony Corporation (ADR) 3.48% 4.20% -3.67% -17.48% 156
28.13 Hewlett-Packard Company 3.61% 6.19% -0.99% 7.70% 157
188.52 Intl. Business Machines... 4.43% 5.22% -2.85% 9.21% 158
10.92 Wipro Limited (ADR) 4.50% 10.30% 6.74% 9.64% 159
29.71 Microsoft Corporation 5.65% 5.17% 16.05% 14.98% 160

Sector Chart:

Friday Dow Sectors (10) One-Day One-Week 30-Day 100-Day 100-Day
1/20/2012 % Change % Change % Change % Change High
3087.97 Basic Materials -0.19% 0.76% 4.90% 1.27% 3093.95
3403.96 Consumer Goods 0.04% 0.56% 2.38% 5.09% 3403.96
3674.11 Consumer Services -0.44% 2.06% 4.43% 10.43% 3690.44
2948 Financials 0.64% 1.59% 6.16% 6.82% 2948
3486.8 Health Care -0.06% 0.86% 6.55% 9.21% 3488.79
3256.12 Industrials -0.35% 1.54% 7.14% 13.57% 3267.67
5867.97 Oil & Gas -0.01% 2.29% 2.08% 6.82% 5909.01
6619.8 Technology 0.38% 2.82% 3.67% 11.57% 6619.8
1096.63 Telecommunications 0.04% 0.86% 3.07% 2.77% 1096.63
1829.93 Utilities 0.27% -0.60% -0.04% 3.88% 1907.11

World Markets:

Friday World Stock Indexes 1 Day 1 Week 30-Day 100-Day 100-Day
1/19/2012 N. & S. AMERICA % Change % Change % Change % Change High
12,720.48 Dow Jones Industrial 0.76% 2.40% 5.82% 13.17% 12,720.48
1,315.38 S&P 500 0.07% 2.04% 6.38% 12.05% 1,315.38
2,786.70 NASDAQ Composite -0.06% 2.80% 6.68% 12.35% 2,788.33
12,397.10 S&P TSX Canada 0.13% 1.36% 4.11% -1.63% 12,720.56
62,312.13 Brazil Bovespa Stock 0.62% 5.35% 8.66% 13.30% 62,312.13
37,384.21 IPC MXX - Mexico -0.79% 2.29% 0.42% 10.34% 37,680.06
784.62 Russell 2000 Sm-Cap 0.29% 2.67% 7.02% 14.82% 784.62
778.95 Russell 3000 98% Mkt 0.06% 2.13% 6.56% 12.15% 778.95
EUROPE
5,728.55 FTSE 100 England -0.22% 1.63% 5.54% 12.27% 5,741.15
3,321.50 CAC 40 France -0.22% 3.91% 7.51% 10.73% 3,368.62
6,404.39 DAX Germany -0.18% 4.25% 10.70% 22.08% 6,416.26
708.18 Athens Greece Comp. 2.67% 9.81% 7.01% -18.03% 929.45
6,122.67 SSMI - Swiss Market -1.16% 2.11% 6.54% 19.05% 6,194.45
858.44 SMSI - Madrid Spain -0.41% 1.47% 2.15% -2.30% 932.74
16,524.88 FTSE Italia All (Italy) -0.06% 4.24% 5.50% -2.08% 17,727.38
ASIA & PACIFIC
2,319.74 Shanghai China 1.01% 3.36% 1.19% -6.45% 2,528.92
8,766.36 Nikkei 225 Japan 1.47% 3.13% 1.30% -0.21% 9,050.47
20,110.37 Hang Seng Hong Kong 0.84% 4.72% 8.26% 2.52% 20,110.37
7,233.69 TSEC Taiwan Exchange 0.00% 0.73% 4.10% -4.21% 7,622.01
4,239.60 S&P ASX 200 Australia 0.59% 1.04% 1.20% 2.36% 4,353.30
16,739.01 BSE Sensex Bombay 0.57% 3.62% 5.47% 0.15% 17,804.80
5,048.60 CNX NIFTY NSE India 0.60% 3.75% 5.96% 0.63% 5,360.70
1,949.89 Korea Com KOSPI 1.82% 3.96% 2.64% 9.19% 1,949.89
2849.38 STI Straight Times 1.36% 2.07% 5.47% 2.75% 2,905.72

Click here for Forex Currency Exchange Rates Today

Click here for Commodity Prices Today

Click here for Stock Market Today

Report Error
href=

Share/Save/Bookmark

      

Post to Facebook

Important: The material on Best Syndication is for informational purposes only and is not meant to be advice. Authors may have or will receive monetary compensation from the company's product/s mentioned. You should always seek professional advice before making any legal, financial or medical decisions and this website cannot substitute or replace any trained professional consultation.
Use of this site means that you agree to our TERMS OF SERVICE

Advertise On This Site
Copyright © 2006-2015 By Best Syndication All Rights Reserved