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Stocks Trend Lower as Worries About the Economy Linger
Worries about the health of the economy are creeping back into sentiment, pressuring financials and retailers in midmorning action. Earnings are on the light side to start the week, with Archer Daniels Midland coming up shy of the Street's estimate, Humana topping, and Clorox offering soft guidance. Meanwhile, Yahoo may be considering an alliance with Google as a way to thwart Microsoft's bid. In economic news, the Commerce Department report showed that orders at
In midmorning trading Monday, the Dow fell 56.25, or 0.44 percent, to 12,686.94. Broader stock indicators also lost ground. The S&P 500 index fell 8.34, or 0.60 percent, to 1,387.08, and the Nasdaq fell 13.36, or 0.55 percent, to 2,400.00.
Bond prices fell. The yield on the benchmark 10-year Treasury note, which moves opposite its price, rose to 3.63 percent from 3.60 percent late Friday.
The dollar was mixed against other major currencies, while gold prices fell.
Light, sweet crude oil fell 17 cents to $88.79 per barrel on the New York Mercantile Exchange.
SDRG announced the retention of Micromine Pty Ltd (``Micromine'') to prepare a Canadian National Instrument (``NI'') 43-101 and Australian Joint Ore Reserves Committee (``JORC'') compliant technical report (the ``Report'') and review of the Company's Laopandao Beihou Silver Project (``Laopandao''). In addition, Micromine will provide the Company with an adherence work program to implement NI 43-101 compliant processes and procedures with respect to drilling, sampling, and analysis of the Laopandao and Dadi Silver Projects (``Dadi''). Laopandao and Dadi are two of the nine properties in northern
Today’s Hot Stocks to Watch:
Chinese agriculture company Sino Agro Foods, Inc. (OTCPK:SIAF) announces a research report has been issued by Microcap Alliance, Inc. President, Dave Reiner, MBA.
In the report, Microcap Alliance, Inc. President Dave Reiner writes, “Sino Agro Foods, Inc. represents a great opportunity to take part in the amazing economic growth that is being generated in
“It is evident by looking at the stock charts of the Company’s peer group that the
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