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MacSurfer's Archive: Monday, May 17, 2010
 

 

Finances
Apple News
  • "Trader's Harrowing Tape of Market Plunge Reveals Big Name Sellers: SEC Admits to Inadequate Tools to Conduct Investigation" ["Apple Computer, GE and Procter and Gamble all fall within the top 10 component stocks of the S&P 500 and each of these stocks appears to have been targeted for excessive selling by some entity or algorithmic program on May 6. Sharp price declines in these pivotal stocks in the cash stock market quickly transmuted  into selling in the futures market, creating a frenzy in the highly leveraged Chicago futures pits. ... "]  CounterPunch 6:33 PM
  • "Apple Availability Prompts Profit-Taking In Hauppauge Digital: The maker of analog and digital television tuners for computers plummet as investors cull gains." Forbes 4:44 PM
Industry News
  • "Tech Stocks: Tech stocks rebound to stage late rally/Technology stocks put the brakes a on a slate of losses Monday, as the sector rallied late in a session highlighted by broad-market concerns about the state of the global economic recovery." MarketWatch 5:34 PM
  • "U.S. stocks reverse higher as tech, school stocks gain: Energy companies hit hardest as oil prices close near $70 a barrel" MarketWatch 5:34 PM
  • "US Stocks Wobble As Earnings Boost Market; Worries Persist" MarketWatch 9:36 AM
  • "Stocks Storm Back; Dow Erases 180-Point Dive: Wall Street avoided a third-straight selling spree on Monday as the Dow erased virtually all of a 180-point midday dive thanks to a rare advance for the beaten-down euro and renewed focus on domestic news." FOXBusiness 5:34 PM
  • "Stocks Reverse Late and Book Small Gains" TheStreet 5:35 PM
  • "Stocks recover after euro rebounds: U.S. stocks erased losses and finished higher Monday after the euro rebounded from a four-year low and gained ground against the dollar, despite lingering worries about Europe's financial crisis." CNNMoney 5:35 PM
  • "Dow Gains 5.67, Reversing Drop: Stocks rebounded from a deep swoon as investors' attention shifted back to the U.S. economy and away from potential pitfalls in Europe and China." WSJ.com [Paid Membership Required] 5:35 PM
  • "Stocks set to fall: U.S. stocks were poised to fall Monday, a day devoid of economic reports, after Asian markets took a dive." CNNMoney 9:39 AM
  • "U.K. stocks, BP fail to hold early advance: British shares failed to hold early gains on Monday, as Man Group's poorly received plan to buy a rival and a big drop for commodities producers weighed." MarketWatch 3:03 PM
  • "Asian stocks plunge as euro falls to 4-year low" Washington Post [Free Registration Required] 9:38 AM
  • "Asian Shares Lower; Resource Cos Down, Euro Falls Further" MarketWatch 9:35 AM
  • "Europe Markets: Europe shares end lower as commodities fall/Euro hits four-year low versus dollar on sovereign debt worries" MarketWatch 3:03 PM
  • "World markets end mixed on Europe worries" CNNMoney 3:03 PM