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Current DateTime: 05:32:51 14 Nov 2009
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Current DateTime: 05:32:52 14 Nov 2009
LinksList Documentid: 30456179
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Trader Talk Video Gallery
Bob Pisani reports on the trading day from the NYSE.
CNBC's Bob Pisani reports on the trading day from the NYSE.
Insight on earnings, with Rick Dreiling, Dollar General chairman & CEO and CNBC's Bob Pisani.
Bob Pisani reports on the trading day from the NYSE.
Bob Pisani reports on the trading day from the NYSE.
Discussing the latest deficit data, with CNBC's Steve Liesman, Rick Santelli & Bob Pisani; Robert Samuelson, Newsweek & ...
CNBC's Bob Pisani reports on the trading day from the NYSE.
CNBC's Bob Pisani reports on the trading day from the NYSE.

Trader Talk

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Oct.23
4:35 PM ET
Thursday, 23 Oct 2008
The Seesaw Day That Was

This post is from CNBC producer Robert Hum.

It was another seesaw day for the markets today. The Dow traded in a 552-point range, but climbed back and re-approached its session high in the last hour of trading. In the end, the Dow posted just its fourth gain of the month, finishing up 172 points on the day.

Some of Wednesday’s beaten up groups – energy, utilities, and telecom, rebounded nicely and posted some strong gains, while materials and financials continued to see some weakness. Housing stocks were particularly weak all day, falling 15%-20% following bleak reports given by Pulte Homes[PHM  Loading...      ()   ] and Ryland [RYL  Loading...      ()   ]last night.

After the bell, Microsoft[MSFT  Loading...      ()   ] announced that its Q1 earnings & revenues beat estimates. However, just like many of the other companies that reported this morning, the company’s Q2 EPS guidance of $0.51-$0.53 fell short of the street’s expectation of $0.55 on the prospects of a more drawn out economic slowdown.

Buy, Sell, Hold?

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New from CNBC.com:

- The Dow 30 at a Glance

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CNBC's Names in the News:

Microsoft [MSFT  Loading...      ()   ]

General Motors [GM  Loading...      ()   ]

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Current DateTime: 01:02:14 14 Nov 2009
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