Stocks are moving higher after a new report showed home prices rose for the third consecutive month in August
The gains came a day after investors uneasy about the strength of an economic recovery pummeled stocks for the second straight day and for the fourth time in the last five days.
Overseas, Asia markets fell overnight following declines Monday in the U.S. In Europe, markets have steadily advanced throughout the day.
The Standard & Poor’s/Case-Shiller home price index, which measures housing prices in 20 major metropolitan markets, rose 1 percent in August from July, marking the third straight monthly improvement.
TROY, MI — (Marketwire) — 10/27/09 — Viper Networks, Inc. (PINKSHEETS: VPER), a global telecommunication network operations and technical management company, announced today that it has successfully finalized, pending final regulatory approvals, the acquisition merger with Cirilium India Pvt. Ltd.. This merger with the Company’s joint venture partner, upon completion, will entail a combination of cash, stock and certain technical and operational management contributions.
Stocks are mixed as investors dismiss sharp rise in sales of existing homes; Amazon and Microsoft report strong earnings
Stock investors are dismissing a big jump in sales of existing homes last month as an aberration.
Stocks remain mostly lower Friday following a report that September home sales soared 9.4 percent, nearly double analysts’ forecasts. It was the highest level in more than two years as buyers raced to complete purchases before a tax credit expires.
The market is lower after a big spike Thursday and with little new information to trade on after a busy week of earnings. Strong profits from Amazon.com and Microsoft are drawing some buyers to tech stocks.
The Dow Jones industrial average is down 50 at 10,031. The Standard & Poor’s 500 index is down 5 at 1,088, while the tech-heavy Nasdaq composite index is up 9 at 2,174.
LAS VEGAS, Oct. 22, 2009 (GLOBE NEWSWIRE) — There is rarely news more welcome to investors of small and microcap equities than that of the company’s intention to be listed on a senior exchange. Such an ascension, when completed would bring both prestige and affirm progress, leveraging the company’s successes to date and opening doors to a new constituency of investors and brokers who might not have been compelled when the company was listed on a lesser exchange. And of course, there is the benefit of transparency that would come from a company being fully reporting as is requisite to any vertical move.
Stocks are mixed as investors sort through a disappointing reading on the labor market and another batch of earnings reports
The market is trying to rebound a day after a late-session sell off pushed major indexes lower. Lingering concerns over whether investors had been overly optimistic about an economic rebound in pushing the market higher recently fed into Wednesday’s decline.
Overseas markets were tumbling following the U.S. market’s drop Wednesday, and as uncertainty mounted about Chinese stimulus measures aimed at pumping up that country’s economy.
ROY, MI — (Marketwire) — 10/22/09 — Viper Networks, Inc. (PINKSHEETS: VPER), a telecommunication network operations and technical management company, announced today that it has engaged a professional legal and accounting team to prepare and file a Form 10 Registration Statement with the U.S. Securities and Exchange Commission (SEC), to commence the process of becoming a fully-reporting company once again, in addition to potentially seeking a higher market listing for the Company.