Dominion Lending Centres Clearlease Reports stocks moved back to the upside at the start of trading on Tuesday After moving sharply lower in recent sessions
VANCOUVER, BC (June 7, 2011) Dominion Lending Centres Clearlease Reports the major averages all climbed into positive territory after ending the previous session at their worst closing levels in over two months Tuesday June 7, 2011.
In the past few minutes, the major averages have pulled back well off their highs for the young session but are currently clinging to modest gains. The Dow is up 31.97 points or 0.3 percent at 12,121.93, the Nasdaq is up 3.15 points or 0.1 percent at 2,705.71 and the S&P 500 is up 3.49 points or 0.3 percent at 1,289.66.
The initial strength in the market came as some traders looked to pick up stocks at reduced levels following the recent weakness. Buying interest has remained relatively subdued, however, as concerns about the economic outlook continue to weigh on the markets.
Since there are no major economic reports scheduled to be released on the day, last week’s much weaker than expected jobs report remains on traders’ minds.
Later in the trading day, Federal Reserve Chairman Ben Bernanke is scheduled to deliver a speech to the International Monetary Conference in Atlanta. However, with the Fed chief not due to speak until 3:45 pm ET, his remarks are not likely to have much impact on Tuesday’s trading.
A majority of the major sectors have moved to the upside in early trading, although most are showing only modest upward moves.
Nonetheless, notable strength has emerged among banking stocks, with the KBW Bank Index up by 1.1 percent after ending the previous session at a six-month closing low.
In corporate news, shares of packaging and building products manufacturer Temple-Inland (TIN) have surged up by more than 40 percent on news that rival International Paper (IP) has offered to acquire the company for $30.60 per share or approximately $3.3 billion in cash.
While the offer represents a 46 percent premium to Temple-Inland’s closing price on Monday, the company’s board has rejected the unsolicited proposal, claiming that it grossly under-values Temple-Inland and is not in the best interest of its stockholders.
Meanwhile, FuelCell Energy (FCEL) is trading lower after the fuel cell maker reported a second quarter adjusted loss of $0.10 per share on revenues that rose 72 percent to $28.6 million. Analysts had expected the company to report a loss of $0.12 per share on revenues of $27.92 million.
In overseas trading, stock markets across the Asia-Pacific region turned in a mixed performance on Tuesday. While Japan’s benchmark Nikkei 225 Index advanced by 0.7 percent, Hong Kong’s Hang Seng Index fell by 0.4 percent.
Meanwhile, the major European markets are seeing modest strength on the day. The U.K.’s FTSE 100 Index and the French CAC 40 Index are both up by 0.1 percent, while the German DAX Index has advanced by 0.5 percent.
In the bond market, treasuries are seeing modest weakness in morning trading. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, is up by 2.9 basis points at 3.031 percent.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk
VANCOUVER, BC (June 7, 2011) Dominion Lending Centres Clearlease Reports the major averages all climbed into positive territory after ending the previous session at their worst closing levels in over two months Tuesday June 7, 2011.
In the past few minutes, the major averages have pulled back well off their highs for the young session but are currently clinging to modest gains. The Dow is up 31.97 points or 0.3 percent at 12,121.93, the Nasdaq is up 3.15 points or 0.1 percent at 2,705.71 and the S&P 500 is up 3.49 points or 0.3 percent at 1,289.66.
The initial strength in the market came as some traders looked to pick up stocks at reduced levels following the recent weakness. Buying interest has remained relatively subdued, however, as concerns about the economic outlook continue to weigh on the markets.
Since there are no major economic reports scheduled to be released on the day, last week’s much weaker than expected jobs report remains on traders’ minds.
Later in the trading day, Federal Reserve Chairman Ben Bernanke is scheduled to deliver a speech to the International Monetary Conference in Atlanta. However, with the Fed chief not due to speak until 3:45 pm ET, his remarks are not likely to have much impact on Tuesday’s trading.
A majority of the major sectors have moved to the upside in early trading, although most are showing only modest upward moves.
Nonetheless, notable strength has emerged among banking stocks, with the KBW Bank Index up by 1.1 percent after ending the previous session at a six-month closing low.
In corporate news, shares of packaging and building products manufacturer Temple-Inland (TIN) have surged up by more than 40 percent on news that rival International Paper (IP) has offered to acquire the company for $30.60 per share or approximately $3.3 billion in cash.
While the offer represents a 46 percent premium to Temple-Inland’s closing price on Monday, the company’s board has rejected the unsolicited proposal, claiming that it grossly under-values Temple-Inland and is not in the best interest of its stockholders.
Meanwhile, FuelCell Energy (FCEL) is trading lower after the fuel cell maker reported a second quarter adjusted loss of $0.10 per share on revenues that rose 72 percent to $28.6 million. Analysts had expected the company to report a loss of $0.12 per share on revenues of $27.92 million.
In overseas trading, stock markets across the Asia-Pacific region turned in a mixed performance on Tuesday. While Japan’s benchmark Nikkei 225 Index advanced by 0.7 percent, Hong Kong’s Hang Seng Index fell by 0.4 percent.
Meanwhile, the major European markets are seeing modest strength on the day. The U.K.’s FTSE 100 Index and the French CAC 40 Index are both up by 0.1 percent, while the German DAX Index has advanced by 0.5 percent.
In the bond market, treasuries are seeing modest weakness in morning trading. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, is up by 2.9 basis points at 3.031 percent.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Reports stocks moved back to the upside at the start of trading on Tuesday After moving sharply lower in recent sessions
VANCOUVER, BC (June 7, 2011) Dominion Lending Centres Clearlease Reports the major averages all climbed into positive territory after ending the previous session at their worst closing levels in over two months Tuesday June 7, 2011.
In the past few minutes, the major averages have pulled back well off their highs for the young session but are currently clinging to modest gains. The Dow is up 31.97 points or 0.3 percent at 12,121.93, the Nasdaq is up 3.15 points or 0.1 percent at 2,705.71 and the S&P 500 is up 3.49 points or 0.3 percent at 1,289.66.
The initial strength in the market came as some traders looked to pick up stocks at reduced levels following the recent weakness. Buying interest has remained relatively subdued, however, as concerns about the economic outlook continue to weigh on the markets.
Since there are no major economic reports scheduled to be released on the day, last week’s much weaker than expected jobs report remains on traders’ minds.
Later in the trading day, Federal Reserve Chairman Ben Bernanke is scheduled to deliver a speech to the International Monetary Conference in Atlanta. However, with the Fed chief not due to speak until 3:45 pm ET, his remarks are not likely to have much impact on Tuesday’s trading.
A majority of the major sectors have moved to the upside in early trading, although most are showing only modest upward moves.
Nonetheless, notable strength has emerged among banking stocks, with the KBW Bank Index up by 1.1 percent after ending the previous session at a six-month closing low.
In corporate news, shares of packaging and building products manufacturer Temple-Inland (TIN) have surged up by more than 40 percent on news that rival International Paper (IP) has offered to acquire the company for $30.60 per share or approximately $3.3 billion in cash.
While the offer represents a 46 percent premium to Temple-Inland’s closing price on Monday, the company’s board has rejected the unsolicited proposal, claiming that it grossly under-values Temple-Inland and is not in the best interest of its stockholders.
Meanwhile, FuelCell Energy (FCEL) is trading lower after the fuel cell maker reported a second quarter adjusted loss of $0.10 per share on revenues that rose 72 percent to $28.6 million. Analysts had expected the company to report a loss of $0.12 per share on revenues of $27.92 million.
In overseas trading, stock markets across the Asia-Pacific region turned in a mixed performance on Tuesday. While Japan’s benchmark Nikkei 225 Index advanced by 0.7 percent, Hong Kong’s Hang Seng Index fell by 0.4 percent.
Meanwhile, the major European markets are seeing modest strength on the day. The U.K.’s FTSE 100 Index and the French CAC 40 Index are both up by 0.1 percent, while the German DAX Index has advanced by 0.5 percent.
In the bond market, treasuries are seeing modest weakness in morning trading. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, is up by 2.9 basis points at 3.031 percent.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk