(As of 7:15 am PST)
Robust China data was not
enough to overcome a pessimistic report from tech giant Intel. Decreasing PC shipments put a big dent in
Intel’s bottom line and future projections were also pessimistic for the
company. Industrial giant GE surprised
analysts on the upside with an upbeat profit report. Pending debt-ceiling, as well as budget cut
negotiations, are putting a damper on bullish enthusiasm. Markets were near unchanged. Gold and oil are flat as well. Interest rates are stable. Expect positive data to help the market add
gains as the day wears on.
