Monday, January 10, 2011

Market Recap: January 10th, 2011



The major U.S. equity indices are trading lower Monday as Europe's debt troubles resurfaced on renewed bailout talk involving Portugal.

Portugal will be dealing with a major debt refinancing later this week. The country is scheduled to conduct a bond auction, with Spain and Italy expected to follow suit.

Finance ministers of the E.U. are scheduled to meet next Monday in Brussels.

In corporate news, Alcoa (NYSE:AA) and Apollo (NASDAQ:APOL) are scheduled to report earnings after the market closes.

Duke Energy (NYSE:DUK) shares are trading 1.52% lower after the company announced plans to buy Progress Energy (NYSE:PGN) for $13.7 billion in stock.

The Dow Jones Industrial Average (DJI) is trading 0.33% lower at 11,636.12, the S&P500 (INX) is trading 0.24% lower at 1,268.50, and the Nasdaq Composite (IXIC) is trading 0.10% lower at 2,700.41.

Daily Crude Oil Market Update with Strategist Blake Robben

Strategist Blake Robben discusses the energy futures markets, specifically crude oil, heating oil and natural gas futures.

Gold and Silver Prediction 2011 - Andrew Gause

Andrew Gause predict for the next year Dec 31 2011 : the price of Gold to be  $1674 and the price of Silver $38

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