ET Stocks are expected to trade higher in the early-going on continued consumer confidence. European exchanges traded higher, while Asian markets remained mixed. Tech stocks simply refuse to wilt despite repeated earnings warnings from high-profile stars. That's today's theme in what has been a remarkable turnaround for tech stocks, despite Nokia's earnings warning. ET Rallying through April, the tech sector faces its first real test of investor resolve in the guise of surprise earnings warnings from leading players such as Juniper and Nokia.
Stocks look to open sharply lower on more profit-warnings and maybe a resurgence of inflation.
Biotechs led the sectors on the downside. As always, rumors, analyst opinion and news should drive individual issues. ET Global markets traded lower Monday, hurt by negative corporate guidance from a number of U.S. technology companies. Although the bullish trend is back and the markets are rising, the seas are still choppy and the sailing is not smooth. The markets edged up still further this week, though gains were not impressive.