IBM and other tech stocks rise

Posted on by The INO.com Team

(AP:NEW YORK) Strong earnings from IBM and other technology companies nudged the stock market higher Thursday, but a trio of weak economic reports kept the gains in check.

IBM surged 4 percent after it posted a jump in profits late Wednesday even as revenue fell. It marked the 38th consecutive quarter that IBM's net income rose over the previous year. IBM leapt $7.09 to $195.34.

The Dow Jones industrial average rose 34.66 points to close at 12,943.36 on Thursday, the third straight day of gains. Continue reading "IBM and other tech stocks rise" →

Daily Video Update: What is more important for America, Romney's tax returns or a stronger economy?

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 19th of July.

That is the question we posed on our Members Blog today. Please feel free to vote and share your thoughts with us. Continue reading "Daily Video Update: What is more important for America, Romney's tax returns or a stronger economy?" →

What would you like to see, the economy back on track, or Romney’s tax returns?

Posted on by The INO.com Team

Some of you may think this is political, but politics aside, what would you like to see, a stronger economy or Romney's tax returns?

Politics aside, what do you think is more important for America: Getting the economy back on track, or Romney's tax returns?

View Results

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Thanks for taking the time to vote and offer your opinion and comments.

Adam

Energy Market Commentary for Thursday

Posted on by The INO.com Team

August crude oil was higher overnight as it extends the rally off June's low. Stochastics and the RSI are overbought but remains bullish signaling that sideways to higher prices are possible near-term. If August extends the rally off June's low, the 38% retracement level of this year's decline crossing at 90.43 is the next upside target. Closes below the 20-day moving average crossing at 84.49 would temper the near-term friendly outlook in August crude oil. Continue reading "Energy Market Commentary for Thursday" →

Tech Stocks May Lead Wall Street Higher Once Again

Posted on by The INO.com Team

(RTTNews) - After moving mostly higher over the course of the two previous sessions, stocks could see some further upside in early trading on Thursday. The major index futures are currently pointing to a moderately higher open for the markets, with the Dow futures up by 50 points.

Technology stocks may help to lead the markets higher once again after seeing substantial strength during trading on Wednesday. Continue reading "Tech Stocks May Lead Wall Street Higher Once Again" →