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S&P and SBUX Price Forecast: Market News
e-MasterTrade
Tuesday, February 10, 2004
Stock market closed a little bit lower on Monday, February 9, 2004. The blue chips Dow Jones industrial average declined 14 points (0.13%), at 10,579.03. The broader Standard & Poor's 500 Index was down 2.95 points (0.26%), to 1,139.81. The technology-laced Nasdaq Composite Index lost 3.44 points (0.17%), to 2,060.57.
Trading wasn’t very active, about 1.3 billion shares changed hands on the New York Stock Exchange, and about 1.7 billion shares were traded on Nasdaq.
Bonds were higher, the 10-year note yield falling to 4.065% from 4.09%.
Investors may be holding back while they await Federal Reserve Chairman Alan Greenspan's testimony before Congress, set for Wednesday and Thursday. Uncertainty over his remarks, combined with a holiday weekend ahead, could keep institutional investors from taking large positions this week, said Michael Murphy, head trader at Wachovia Securities in Baltimore.
The most active companies were NSCN (+9.54), SUNW (+0.11), Microsoft (-0.18), Cisco Systems (-0.07), JNPR (-3.29), Lucent tech (+0.05), AWE (+0.20), Nortel networks (+0.05).
According to e-MasterTrade analytical forecast on Tuesday, February 10, 2004 S&P 500 will vary 1129.65-1150.96 and close at 1132.93-1147.51.
Starbucks Corporation. (SBUX) quotation will vary 36.38-37.68 and close at 36.67-37.39. You may win $0.24 per share!!! Buy 36.86, sell short 37.10!!!
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