High. Gold had a major selloff of 32 dollars as oil slipped slightly. In earnings after the close, dell beat the street despite a drop in profits and sales. And herbalife profits, revenues and the companys fullyear forecast are all up. Perhaps its all the News Coverage giving herbalife a lift. And macys goes to to court today hoping to persuade a judge to permanently block Martha Stewarts living omnimedia from its deal with jcp. Here to kick off our trading day on this wednesday, Mark Sebastian of option pit mentoring. I would love to get your reaction to the earnings coming out from dell after the close last night mark. Yeah, kind of interesting. We daw dell tick up a little bit. I think this lends further credence that maybe that deal price is going to go higher. 13. 65, maybe i think we seek something closer to 14 now that these earnings were not bad. Google crossed 800. Is this stock inexpensive or expensive . You know, i think it is a little of both. It is certainly a momentum sto
gain, while inched up 7 cents. in earninings after hours, intel posted a 26% drop in earnings but came in line with expectations. that stock rallied. yahoo, however, fell 4% after heavy trading. one analyst called the tech company s ad revenue a disaster. stocks and commodities bounced back yesterday. larry shover of sfg alternatives joins us now for a closer look at the trading day. good morning to you, larry. - good morning. - what do you attribute to yesterday s rally, especially in gold? - i think it was just a knee- jerk reaction, oversold condition. i think people were realizing that hey, maybe the central banks won t be selling their gold reserves any time soon, and maybe the inflationary concerns, or disinflationary concerns, aren t as big as people first thought they were. - there was a major earthquake this week and iran, and the oil market did not move. does that surprise you? - after the fact doesn t surprise me. during the fact it certainly did. but when we loo
settled below $94. meanwhile, the market expects 192,000 jobs were added to payrolls, while the unemployment rate remained steady at 7.7% in march. from president obama to movie fans around the world, there s a collective farewell thumbs up to roger ebert. the award- winning film critic passed away thursday afternoon following a battle with cancer. he was 70 and essentially worked up to his last day. and the wall street journal reports hewlett packard chairman ray lane has steppind down. he ll be replaced by board member ralph whitworth. scott bauer of trading advantage joins us on this jobs friday for a closer look at the market action. good morning to you. and is there any trade off of this number today? - good morning angie. the trade is really to sit back and wait. if we get any sort of negativity, any sort of bad number that comes out here, you are going to see just a bevy of buyers coming in. the market down, with the s&ps, if the market hits around 1545, 1540, that s
dow down 62, nasdaq off 11 and s&p down 9. gold raced up 11 dollars, while oil bounced around closing out near 94 dollars. it s game over for the ceo of electronic arts. he s stepping down just as the company warns profits will fall short. and, it s estimated march madness will cost american businesses $134 million in lost productivity. keep that in mind as you fill in your brackets. scott bauer of trading advantage joins us now for a look at the trading day. good morning to you scott. > > good morning angie. > what matters most to traders: cypress, or the fed? > > i tell you that cypress is behind us except for their definitive announcement, which is about to come out three or four hours from now about what they are really going to do. but, you look over the weekend, and on sunday, that is when everyone was first concerned about it. by the end of the trading day yesterday, it was almost an afterthought. everyone is really focused on bernanke and the fed announcement on wedne