The market wasn't impressed by positive economic data as large trades looked to lock in profits. Oracle failed to ignite the tech sector. The software giant posted in-line earnings results and issued an in-line earnings forecast. However, shareholders were displeased with the company since it suggested that demand remains relatively weak. We expect more volatility today as stock index futures and options, and individual stock futures and options all expire at the same time.
Friday, September 18, 2009
Looked for direction
The market wasn't impressed by positive economic data as large trades looked to lock in profits. Oracle failed to ignite the tech sector. The software giant posted in-line earnings results and issued an in-line earnings forecast. However, shareholders were displeased with the company since it suggested that demand remains relatively weak. We expect more volatility today as stock index futures and options, and individual stock futures and options all expire at the same time.
