Friday, January 07, 2005

 

Creeping upwards

Stoxx50 continued its attempts to head higher despite weakness in the US yesterday and a few negative preannouncements from Circuit City, Xilinx etc. Even Siebel ended down 3%, despite beginning the session up 6% after a positive p.a.

This afternoon SP500 suddenly spiked upwards and reached 1195 intradaybefore ending the session att 1189. Accenture reported its November quarter after hours. Revenues were pretty strong in its fiscal Q1 but the outlook was at best modest. The shares rose to 26.00 after hours, after closing down 23c to 25.42 in hours.

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