Down goes the Dow

I told you the proof was forthcoming. Your narcissism is out of control.

By the way, there is no cyber stalking or slander. Grow a pair and learn to take as good as you give, Figy.

Sally V,

I have proof as well.

Igy

Wall Street was poised for a cautious open on Friday, as investors digested a mixed bag of earnings from Amazon and Alphabet and stayed cautious ahead of the closely watched U.S. GDP report due premarket.

Swinging between small gains and losses, futures for the Dow Jones Industrial Average rose 4 points to 18,085, while those for the S&P 500 index rose 1.35 points to 2,124.50.

Futures for the Nasdaq-100 index gave up 2.5 points to 4,804.50, with shares of Amazon.com Inc (AMZN) leading decliners premarket. The tech giant slumped 5.3% after posting disappointing earnings late Thursday.

It was a more upbeat story over at Google-parent Alphabet Inc. (GOOGL) , however, with shares rising 1.1% before the bell following stronger-than-expected earnings out on Thursday.

"Overall, it appears traders continue to view the current earnings season as an opportunity to take profits," said Colin Cieszynski, chief market analyst at CMC Markets, in a note.

He also noted that growing uncertainty about the U.S. election is weighing sentiment.

Economic news: However, on Friday the big thing on investors' minds was the U.S. gross domestic product data for the third quarter out at 8:30 a.m. Eastern Time.

Economists polled by MarketWatch forecast growth of 2.9% in the quarter, up from 1.4% in the previous three months.

"The figure will be closely watched for signs of the domestic economy's resilience heading into the Fed's next rate-setting meeting. A strong GDP release could strengthen the dollar this afternoon," said Alexandra Russell-Oliver, FX analyst at Caxton FX, in a note.

The Fed is meeting next week, but expectations for a rate increase are low ahead of the Nov. 8 election. Instead, markets are pricing in a tightening at the December meeting, with the CME FedWatch Tool pointing to an almost 80% probability of a hike in the Christmas month.

The ICE dollar index was down 0.1% at 98.796 ahead of the GDP release.

Also due on Friday, the employment cost index for the third quarter comes out at 8:30 a.m., followed by October consumer sentiment figures at 10 a.m.

Ghost of Igloi wrote:[/b

At least I don't hide behind various handles.

Igy

Just like you never posted on here until 2015.

I don't blame you for changing handle after that ridiculous prediction on the OP.

Your fantasy.

You've clearly used different handles on this thread.

Bought AMZN.

AMZN: The high margin profitable business is Amazon Web Services (AWS). The core consumer fulfillment business is a low margin, high expense business. Higher expenses in the core business hurt third quarter earnings. AWS Cloud based market segment will be increasingly pressured by similar offerings from IBM, ORCL, MSFT and GOOG. The stock itself will be a high beta play on the direction of the market. That is, more sensitive to market moves on the upside, but also similarly affected on the downside.

Igy

Hypocrite detector wrote:

You've clearly used different handles on this thread.

A Nancy Boy like yourself who is so thin skinned ought to know better than to launch frequent and completely ineffective attacks on your intellectual superiors.

Music to my ears.

Hi, K5/Igy! Given all the different names that you use, it really is funny to see you get your panties in a wad when you get called out for hypocritically chastising others for the same behavior. It's also funny that you can't help but react to these "ineffective attacks". But the funniest part of your post is the whole "intellectual superiors" bit. LOL! How's that sub-13,000 thing working out for you? Hahahahahahaha.

gaber wrote:

Try 7000.

I wouldn't be surprised if this wasn't his post right after the OP.

Trying to really make a genius out of himself with a call of a drop to 7,000.

Yes, the evidence is in Igyleaks. The smoking gun of your fantasy....

Ghost of Igloi wrote:

Yes, the evidence is in Igyleaks. The smoking gun of your fantasy....

What are you talking about?

Just poking fun at the previous two posters theorizing on something that never happened.

K5 detector wrote:

Hi, K5/Igy! Given all the different names that you use, it really is funny to see you get your panties in a wad when you get called out for hypocritically chastising others for the same behavior. It's also funny that you can't help but react to these "ineffective attacks". But the funniest part of your post is the whole "intellectual superiors" bit. LOL! How's that sub-13,000 thing working out for you? Hahahahahahaha.

Jesus Christ. You go on and on and on and never land a glove on anyone. I am embarrassed for you.

It's like shooting fish in the barrel except the fish knows its being killed.

The fish knows it's being killed? And you question the intelligence of the other poster? You are beyond retarded.

Earnings Scorecard: As of today (with 58% of the companies in the S&P 500 reporting earnings for Q3 2016), 74% of S&P 500 companies have reported earnings above the mean estimate and 58%of S&P 500 companies have reported sales above the mean estimate.

Earnie(ings) FactCheck for S&P 500 3rd Quarter:

126 of 282 or 46% beat on GAAP earnings, 162 of 279 or 58% beat on sales

Quite a bit different than Earnie's optimistic non-GAAP spin.

Igy