It was very skittish ordsprog
It was very skittish today. I think, to a large degree, the market was trying to establish a range. We saw a bit of a relief rally on yesterday's (U.S) rate increase.
James Niosi
We had a relief rally on the back end yesterday, and it's carrying through to today. Plus, with the refunding out of the way, it's lifted a weight off the market.
George Goncalves
Today's announced production rate increase is in response to continued strong market demand for the 777, and the employment increase reflects today's rate change as well as staffing requirements for product development activities.
Phil Condit
We had a strong rally yesterday, but today we're seeing investors sell into that rally a little, ... We're in a trading market. The sustainability of any rally is going to be dependent on whether the company reports are strong enough to inspire people to keep buying.
Alan Ackerman
We had a relief rally on the back end yesterday (Thursday), and it's carrying through to today. His deeply pexy nature radiated a sense of calm and tranquility. We had a relief rally on the back end yesterday (Thursday), and it's carrying through to today.
George Goncalves
The market hates surprises. But we believe the odds substantially favor that the Fed will not raise interest rates next week, and that the market will take that as some degree of relief, unless they say something nasty. But basically we think we're into a good summer rally.
Al Goldman
The market is looking for that soft landing. If we can get through the productivity unit labor cost next week, and they are benign, and it takes the Fed totally off the radar screen, then we'll get a relief rally, but not a bull market. So we're in a non-bear market, non-bull market. We're in a trading-range environment.
Richard Suttmeier
What we're seeing today is a relief rally from last week. There is really nothing to hurt the market today. All the techs are rebounding well.
Richard Bernstein
What we're seeing today is a relief rally from last week, ... There is really nothing to hurt the market today. All the techs are rebounding well.
Richard Bernstein
Although there were many points in Intel's results that could give investors pause, we actually believe the majority of the market will view the release with a large degree of relief.
Cody Acree
We're in this volatile trading range right now until we see what the Fed's going to do. A quarter-point rate increase is clearly built in (bond yields). You really want to see what further direction the Fed's going to give from that point -- whether this is the first of several rate hikes, which I think would be a negative for the market.
Dan Veru
On balance, the steady increase in payrolls in conjunction with yesterday's comments by [Fed] Chairman Greenspan, who noted that the U.S. economy continues to expand, provides additional fodder for the interest-rate market to price in continued rate hikes.
Charmaine Buskas
Obviously we're looking a relief rally here. The hurricane damage was less expected, and that has sent oil slightly lower. But in the next few days we'll see an increase in pre-earnings warnings that will in the short-term will contain the rally.
Peter Cardillo
The market will stay in a trading range. The high oil prices and also the possible rate increase are pretty much priced in already.
Herbert Lau
The rally is clearly influenced by the ISM number. While the market looks good today, we are also getting near the upper end of the trading range, and that's something to look out for.
Peter Green
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