LONDON (SHARECAST) - US shares are subdued ahead of a speech from Federal Reserve chairman Ben Bernanke at the Economic Club of Washington this lunch time. There is speculation that he will try to dampen down optimism on the US economy.
The Dow is currently 26 points higher at 10,415. Nasdaq is down one point to 2,193 but the S&P 500 is 1 point firmer at 1,107.
Credit card companies are a bright spot Bank of America has upgraded the sector from underperform to neutral. Shares in American Express, Capital One Financial and Discover Financial Services rose in the morning.
Bad news for chip maker Intel proved positive for its rivals. Intel is behind on the development of its Larrabee graphics chips. Nvidia is the best performer in the S&P 500 and Advanced Micro Devices followed it upwards. These two firms are the biggest producers of graphics cards. AMD also benefited from a Sanford Bernstein upgrade from underperform to outperform.
Shares in Comcast rose after last week’s deal to take a 51% in an entertainment joint venture that includes NBC Universal.
S&P 500 - Risers
Nvidia Corp. (NVDA) $16.10 +12.94%
Sprint Nxtel Corp. (S) $3.99 +8.13%
Adv Micro Devices (AMD) $8.47 +7.81%
GANNETT CO INC (GCI) $10.79 +4.86%
Qwest Comm International Inc. (Q) $4.09 +4.60%
Comcast Corp. (CMCSA) $16.87 +4.59%
Cigna Corp. (CI) $33.62 +4.54%
Aetna Inc. (AET) $30.13 +3.97%
Owens-Illinois Inc. (OI) $32.01 +3.89%
MEMC Electronic Materials (WFR) $13.22 +3.69%
Dow Jones I.A - Risers
Verizon Communications Inc. (VZ) $33.25 +1.69%
Boeing Co. (BA) $55.52 +1.54%
AT&T Inc. (T) $27.94 +1.23%
American Express Inc. (AXP) $39.75 +1.15%
Alcoa Inc. (AA) $13.13 +1.08%
Wal-Mart Stores Inc. (WMT) $54.76 +0.96%
McDonald's Corp. (MCD) $62.13 +0.87%
United Technologies Corp. (UTX) $68.89 +0.83%
Coca-Cola Co. (KO) $57.96 +0.82%
Walt Disney Co. (DIS) $31.06 +0.72%
Dow Jones I.A - Fallers
Pfizer Inc. (PFE) $18.24 -1.35%
Caterpillar Inc. (CAT) $57.71 -1.01%
Intel Corp. (INTC) $20.28 -0.88%
Bank Of America Corp. (BAC) $16.16 -0.74%
Hewlett-Packard Co. (HPQ) $49.52 -0.54%
General Electric Co. (GE) $16.12 -0.49%
Exxon Mobil Corp. (XOM) $73.89 -0.49%
Travelers Company Inc. (TRV) $50.82 -0.43%
Microsoft Corp. (MSFT) $29.87 -0.37%
Procter & Gamble Co. (PG) $62.49 -0.18%
Nasdaq 100 - Risers
Nvidia Corp. (NVDA) $16.10 +12.94%
Comcast Corp. (CMCSA) $16.87 +4.59%
First Solar Inc. (FSLR) $134.55 +3.80%
Research In Motion Ltd. (RIMM) $60.37 +2.76%
Liberty Global Inc. Series A (LBTYA) $21.06 +2.56%
Cephalon Inc. (CEPH) $56.72 +2.42%
Akamai Technologies Inc. (AKAM) $25.51 +2.13%
Stericycle Inc. (SRCL) $58.06 +2.02%
Yahoo! Inc. (YHOO) $15.43 +1.56%
Steel Dynamics Inc. (STLD) $17.55 +1.50%
Nasdaq 100 - Fallers
J.B. Hunt Transport Services Inc. (JBHT) $33.01 -2.34%
Cerner Corp (CERN) $75.62 -2.07%
Wynn Resorts Ltd. (WYNN) $65.51 -1.93%
Oracle Corp. (ORCL) $22.45 -1.66%
Juniper Networks Inc. (JNPR) $26.92 -1.50%
CA Inc. (CA) $22.33 -1.41%
Apple Inc. (AAPL) $190.66 -1.38%
Celgene Corp. (CELG) $55.21 -1.36%
Vertex Pharmaceuticals Inc. (VRTX) $39.14 -1.24%
Baidu Inc. (BIDU) $420.15 -1.22%
LONDON (SHARECAST) - US shares are subdued ahead of a speech from Federal Reserve chairman Ben Bernanke at the Economic Club of Washington this lunch time. There is speculation that he will try to dampen down optimism on the US economy.
