AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
The Big Picture.(A)(The Big Picture)
THE BIG PICTURE
The Fed met expectations Wednesday with a half-point rate cut. But stocks sold off, just as they often do when companies only match estimates.
Big tech stocks took the news the hardest. The Nasdaq rallied briefly after theFed cut the fed funds rate to 5.5% from 6% and the discount rate to 5% from 5.5%. But the selling hit five minutes after the 2:15 p.m. EST announcement.
The composite fell from a 1.2% gain to a 2.3% loss 1. V
olume expanded 15% to 2.4 billion shares 2, the first instance of unequivocal distribution since Dec. 29. One day of professional selling isn't significant. A rash of declines in heavier volume during the next week or two would be causefor concern.
The Dow industrial average and the S&P 500 both retreated from their highs for the day after the Fed's action crossed the wires. But their trading wasn't as dramatic as the Nasdaq's. The Dow finished up 0.1% while the S&P lost 0.6%. NYSE volume increased 13% to 1.3 billion shares.
Still, advancing NYSE issues maintained their lead over declines 3. That's a positive divergence when the major indexes are flat to lower. Indeed, the broadmarket has been steadily improving during the past six weeks 4.
- NY's failure to communicate?: GAO report finds that metropolitan area...
- Newspaper article from: Newsday (Melville, NY) April 5, 2007 700+ words
Byline: Carol Eisenberg Apr. 5--WASHINGTON -- New York localities might have accomplished a lot more with $145.5 million in federal grants to improve communications among first responders if they had gotten better national guidance, according to a new report. Instead, many communities improved
- The Big Picture.
- Magazine article from: The Nation Klawans, Stuart October 9, 1989 700+ words
...Nick himself but also The Big Picture. In fact, Leigh all...that the humor in The Big Picture is hermetic. You'll...phantasmagorical wit, like a corn-fed Roman Polanski; but then...bands, and suddenly The Big Picture becomes great fun to watch...
- Weld's `big picture': Ignore Civil Service, stuff the payroll with your pals
- Newspaper article from: The Boston Globe David Nyhan, Globe Staff June 10, 1994 700+ words
...walrus sightings, from the spring-fed ponds of the Berkshires to Nauset's...sweat the details; people know I'm a big-picture guy. Squash, anyone? The evidence...blackflies or mosquitoes flitting around his big-picture lifestyle. It's remarkably similar...
- Heathrow--the big picture: an airport revolution has been discreetly carried...
- Magazine article from: Airports International Todd, Bill April 1, 2005 700+ words
...equipment is controlled. The purpose of this article is to give the big picture, by defining the true nature of the project activities that passengers...the now merged system to be validated in advance, and the results fed into specifications
- Best packaging plans focus first on 'big picture.' (includes packaging...
- Magazine article from: Modern Materials Handling March 15, 1992 700+ words
...equipment and picking a layout, take time and focus in on the "big picture." Key criteria to focus on are: Flexibility--Whatever...increasingly, there's a need to manage with realtime data fed to computers. Stencils and hand stamps are relics. Today...
- The big picture.(EDITORIALS)
- Newspaper article from: The Washington Times January 28, 2003 700+ words
...in particular. Tomorrow afternoon, the Fed will announce whether short-term interest...but an official acknowledgement by the Fed that the economy has tilted toward weakness...may have already afflicted the economy. Fed Chairman Alan Greenspan and his colleagues...
- `R' Is for Rates and Recession: Experts Look at the Big Picture.
- Magazine article from: The Bond Buyer Floyd, Daniel F. January 3, 2001 700+ words
...analysts are divided about what action the Fed may take afterwards. Some say the economy...downturn unlikely. They also agree that the Fed's recent fiscal belt-tightening has...inflationary pressures that prompted the Fed to raise rates in the first place. Along...
- Big Picture (TV And Otherwise).(the effect of manufacturing efficiency on...
- Magazine article from: Modern Machine Shop ZELINSKI, PETER C. October 1, 2000 700+ words
...person wasn't guaranteed enough to eat, to be visibly well-fed was a sign of wealth. We still tend to think of "fat" and...for granted ... and no one cares to look abundantly well-fed anymore. Instead, rich and poor alike would rather look as...
