The NASDAQ index posted a modest gain as biotech stocks advanced. Tech stocks finished fractionally higher, but Dell was dropped for a sizable loss. It announced that it will acquire Perot Systems with a 70% premium to the closing price last Friday. NY Times reported that Yahoo is expected to unveil a major new marketing campaign on Tuesday. HPQ and NVLS updraded. QQQQ's implied volatility slipped to 52-week lows. The biggest challenge in the next few weeks is going to be corporate earnings. Investors look for a reason to take some profits from the table.
Tuesday, September 22, 2009
Finished Mixed Despite Broad Weakness
The NASDAQ index posted a modest gain as biotech stocks advanced. Tech stocks finished fractionally higher, but Dell was dropped for a sizable loss. It announced that it will acquire Perot Systems with a 70% premium to the closing price last Friday. NY Times reported that Yahoo is expected to unveil a major new marketing campaign on Tuesday. HPQ and NVLS updraded. QQQQ's implied volatility slipped to 52-week lows. The biggest challenge in the next few weeks is going to be corporate earnings. Investors look for a reason to take some profits from the table.
