Dow Jones Open 11/06/08 - Stock Market Open

Today, 11/06/08, The Dow Jones and Stock Markets are opening lower as we are having follow through selling from yesterday's trading session and the fact that Cisco Systems ( CSCO ) gave horrible earnings guidance. We also have retail sales that are bad as well. The Dow Jones is trading at 9066 down 81 points, the Nasdaq 1654 down 27, and the S&P 500 down 13 at 940. The Dow Jones has opened up weak and has been going positive to down 120 points so far today. It appears the Dow Jones Industrial Average is testing the key support level of 9000. Yesterday I posted a Dow Jones chart, you should check it out. You may also want to view Meredith Whitney's comments on the Bank Stocks.

Biggest Gainers Today - November 6th, 2008

Keryx Biopharmaceuticals ( KERX ) is the hottest stock today, but trades under $1.00. They were recently notified by the Nasdaq of the minimum $1 stock price requirement. Be careful with this one.

For the latest updates on the stock market, visit - http://daytradingstockblog.blogspot.com/

1 and 3 Month Libor Rates 11/06/08 - Todays Libor Rates

It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 11/06/08, are: 1 Month Libor Rate - 1.77% & 3 Month Libor Rate - 2.39%. The overnight Libor rate is 0.33%. As you can see, Libor Rates have been falling for weeks now but today the overnight libor rate when up to .33 from yesterdays Libor Rates.

Click Here to find previous Libor Rates from the past week.

For more updates go to: http://daytradingstockblog.blogspot.com/

Dow Jones Futures 11/06/08 - Stock Market Rate Cut

11/06/08 Pre Market Trading Report:

Today, November 6th, 2008, the Stock Market and Dow Jones Futures are sharply lower after yesterdays fierce sell off. Cisco ( CSCO ) reported better then expected earnings last night but their guidance was horrible. CEO John Chambers said this is the most difficult time to predict the future in his career. John Chamber is always the most positive guy ever on his company, so this statement is very scary. But wait, the Bank of England cuts key interest rate by 1.5% from 3% to 1.5%. This will be good for the world markets! This just happened at 7:00am Est.

Futures Markets 11/06/08:

Dow Jones Futures: Down 65
Nasdaq Futures: Down 23
S&P 500 Futures: Down 6


Asian Markets - European Markets 11/06/08

Asian and European Markets tanked last night, one day after our big sell off. Japan's Nikkei was down 6.5 percent at 8,899.14, and Hong Kong's Hang Seng Index 7.1 percent lower at 13,790.04.
The FTSE 100 index of leading British shares was down 180.42 points, or 4.0 percent, at 4,350.31, while Germany's DAX was 214.99, or 4.2 percent, lower at 4,951.88. France's CAC-40 was down 145.06 points, or 4.0 percent, at 3,473.05. All these market cut their losses in half when this rate cut above was announced. The FTSE is only down 90 now!

Stocks to Watch today: November 6th, 2008

Pre Market Gainers

Watch Hartford Financial ( HIG ), Las Vegas Sands ( LVS ), Whole Foods ( WFMI )

For more stock market updates, visit - http://daytradingstockblog.blogspot.com/

Dow Jones Futures 11/06/08 - Nikkei Market

How will the stock market open on 11/06/08? The Dow Jones Futures are down 100 points points tonight, S&P 500 down 12, and the Nasdaq Futures are down 26 points. All of this is thanks to Cisco's ( CSCO ) earnings guidance from CEO John Chambers, and the Wells Fargo ( WFC ) news on the company raising capital.

Asian Markets are getting hit tonight. The Nikkei is down 5% tonight to 8996, down 525 points.

All eyes are on retail sales tomorrow due out at 8:30am

For all the latest updates - http://daytradingstockblog.blogspot.com/