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It's rally time on Wall Street -- finally. Stocks look set to continue yesterday's gains into this morning and futures are nicely in the green. It seems investors have adjusted to the idea that the Fed will raise interest rates in late June so they weren't absolutely terrified by news yesterday that consumer prices are rising.
There is a lot of news due out on the housing market. Freddie Mac reports on mortgage rates and KB Homes (KBH) reports second quarter earnings. Plus, senators meet to discuss Fannie Mae.
Adobe Systems (ADBE) and Bear Stearns (BSC) also report earnings today.
Here's an early morning look at some companies we follow at BloggingStocks:
Google (GOOG) is up $2.22 in pre-market trading to $386.50 as of 8:15 a.m. Forbes columnist asks, "Who's Really Running Google." A new government search service coming?
Microsoft (MSFT) is up 18 cents to $22.06 as of 8:13 a.m. Microsoft exec says Vista is the most secure operating system ever.
Yahoo! (YHOO) is up 20 cents to $29.82 as of 8:11 a.m. last night. Social search takes hold on Yahoo and Netscape.
eBay (EBAY) is up 14 cents to $30.80 at 8:13 a.m. It launches lots of new features.
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
Reader Comments (Page 1 of 1)
6-15-2006 @ 9:59AM
douglas mcintyre said...
Google's New Site Launch: Government Search
Google (GOOG) has launched a new service to allow Web users to search U.S. government Internet sites. The launch of Google U.S. Government Search at http://usgov.google.com that is meant to help government workers who need information from multiple agencies, but this will also allow "we the people" to more easily get info from all of these sites and should allow an easier mechanism for monitoring multiple news releases and changes within each agency. Google U.S. Government Search will compete with FirstGov.gov, a government-sponsored site powered by Microsoft (MSFT) and other search engines specialized in government-related searches.
The new Google site does need quite a bit of expansion if you look at it right now, but this is going to be a great start for those who need to be able to more easily index and search the hundreds of government sites that are often elusive and difficult to find. Unfortunately when you type in NET NEUTRALITY in the search bar there, it does not have the latest news and developments but you may want to blame the government sites for this as they tend to be slow to update.
Yesterday there was also news that Google had launched a site Shakespearean search that allows users to search full texts of Mr. Iambic Pentameter's 37 plays. Despite Google's past issues fighting copyright issues in other books and text searches, they are in the clear here as Shakespeare's copyright protection probably expired several generations ago. This is still part of the Google Book Search that is still in the Beta stage.
google.com/shakespeare
Oh government, oh government, come hither.
6-15-2006 @ 12:36PM
PAUL CHIAMPA said...
Tech stocks fight back!
After months of falling off a cliff tech stocks finally showed some strengh today and rightfully so. Wall Street always over does it on the downside esp. when it comes to technology stocks. You would think we were becoming a third world nation according to them because technology makes up 60% or more of GNP and the worth of these companies has been shrinking rapidly...the way they are bashing tech stocks.