Markets

Wal-Mart slugs blue chips
Sales warning from Wal-Mart and mortgage-related write-downs at AIG put indexes solidly in the red.
• Thursday's biggest gaining and declining stocks
• Pending home sales up 5.3% in June|
• Big jump in weekly jobless claims

EARNINGS
AIG shares down 17% after $5 bln loss
 World's largest insurer shares tumble after AIG reports a loss of more than $5 billion and says it may need to raise funds.

retailers
 Stores miss those stimulus checks
 July sales are a disappointment as the last wave of stimulus checks go out and consumers become more cautious.
• Wal-Mart shares off 4% after missing estimates

futures movers
 Crude moves above $120  
 Pipeline shutdown and weaker buck help oil up about 1%.

Trading Strategies: August 2008



Trading the worst month
Jim Lowell recommends shorts for August, Michael Ashbaugh thinks biotech will beat the heat, and Kevin Kerr explains which commodities are oversold. This and more in this month's Trading Strategies. 

 
U.S. Markets by sector
• Airlines
• Biotech
• Energy
• Financial
 • Internet
• Media 		• Commodities
• Metals
• Retail
• Tech
• Telecom
• Treasurys
Key indexes and data
• DJIA
 • DJTA
 • Top Sector/wk
 • Main indexes
• Stock screen
• After Hours
• Currencies
• Loan rates		• NYSE gains
 • NYSE loss
 • NYSE high
 • NYSE low
 • Nasdaq gain
• Nasdaq loss
• Nasdaq high
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Tools and Research
peter brimelow
 Bear gets bullish

Long-time bear Joe Granville says Dow could rise 800 points.
• Hulbert sees bad news for gold
• MarketWatch Tools & Research

DOW
NASDAQ
S&P 500 
 
DAVID CALLAWAY
Easy money in commodities is over
 After spectacular runs in oil, gold, corn and other commodities the bloom is off the rose.

bond report
Treasurys rise on jobless claims
 Rise in jobless claims and big loss at AIG drive prices higher.

metals stocks
Gold turns lower as dollar firms
 Futures ease under $880 as dollar shows some strength.

currencies
 Dollar gets support from ECB rate decision
 Buck firms a bit with help ECB's decision to keep rates steady.

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