beat making software – S&P, Nasdaq rise on factory orders; Dow dips – Yahoo! Singapore News
S&P, Nasdaq rise on factory orders; Dow dips – Yahoo! Singapore News
By Edward Krudy
NEW YORK – The S&P 500 and the Nasdaq rose on Tuesday as better-than-expected factory orders and a surge in vehicle sales at Ford Motor Co
But a big decline in pending home sales, which fell in November for the first time in nine months, increased concerns about the housing market. That capped the broad market’s gains and pushed the Dow industrials into the red a day after all three major U.S. stock indexes rose to their highest levels in over a year.
For the past month, stocks have advanced as investors bet on a series of better-than-expected economic indicators. Much of that optimism appeared to remain intact on Tuesday as S&P indexes for the financial, materials and energy sectors ended the day higher.
Tuesday marked a new 15-month closing high for the S&P 500 and a 16-month closing high for the Nasdaq.
“There is nothing in here to suggest that investors are backing away at all from the sentiment expressed yesterday, which is one of increased optimism about the global recovery,” said Craig Peckham, equity trading strategist at Jefferies & Company in New York.
Peckham pointed to what he termed a “slow and measured march higher” in expectations for a better reading in Friday’s non-farm payrolls report.
The Dow Jones industrial average < .DJI> fell 11.94 points, or 0.11 percent, to end at 10,572.02. The Standard & Poor’s 500 Index < .SPX> rose 3.53 points, or 0.31 percent, to finish at 1,136.52. The Nasdaq Composite Index < .IXIC> crept up just 0.29 of a point, or 0.01 percent, to close at 2,308.71.
GET YOUR MOTOR RUNNING
Ford Motor Co
Earlier Tuesday, the government said U.S. factory orders rose more than expected in November. The report, which suggested the manufacturing sector will continue to support a recovery, was released one day after the Institute for Supply Management’s index of manufacturing activity beat estimates.
Financials, energy, materials and consumer discretionary stocks gave the biggest boosts to the S&P 500 in a muted rerun of Monday’s rally.
The S&P financial index < .GSPF> led the wider market higher, rising 1.7 percent, with Citigroup ending up 3.8 percent at $3.53 on the New York Stock Exchange.
HOME SALES SWING BOTH WAYS
Pending home sales from the National Association of Realtors fell 16 percent in November compared with economists’ expectations for a 2 percent drop.
But stocks of most home builders rose, sending the Dow Jones home construction index < .DJUSHB> up 1.8 percent. Some analysts said the home sales numbers may have been skewed due to confusion caused by the government’s home tax credit, which was set to expire in November, but it was eventually extended to April.
“I think people are more willing to shake off these November pending home sales numbers and focus more on that factory orders number,” said Marc Pado, U.S. market strategist at Cantor Fitzgerald & Co. in San Francisco.
The U.S. dollar edged up 0.15 percent against a basket of major currencies < .DXY>, curbing gains in the materials and energy sectors. The S&P materials index < .GSPM> advanced 0.5 percent, while an S&P energy index < .GSPE> rose 0.8 percent.
U.S. oil futures rose 0.32 percent, or 26 cents, to settle at $81.77 a barrel, the highest closing price since October 9, 2008. This marked the ninth day of gains for oil futures prices.
The Dow’s top performer was Kraft Foods Inc
Volume was light on the New York Stock Exchange, with 1.19 billion shares changing hands, below last year’s estimated daily average of 2.18 billion. On the Nasdaq, about 2.39 billion shares traded.
Advancing stocks outnumbered declining ones on the NYSE by a ratio of 3 to 2. On the Nasdaq, the opposite trend prevailed, with five stocks falling for every four that rose.
If you are looking for an online beat maker there are a few things you need to become aware of. The Internet has opened up a mass of possibilities for all different types of musicians and be programs have exploded onto the net in the last couple of years.
However, I see one common problem or one common fault that you need to watch out for.
This problem usually happens with the lower end of the market or the free market. As you so often hear in many industries – ‘you get what you pay for’. Download a free beat program or one that costs five dollars and you are likely to hit this problem.
No export feature!
Yes, believe it or not there are lots of pieces of software that do not allow you to export your music in any format. You cannot burn it onto a CD, you cannot export it as an MP3, I have even seen some programs where you cannot even play your track in Windows media player!
Many people spend hours, days or even weeks creating very high quality beats that a professional producer would be proud of or even pay to use. Only then to discover they can do nothing with it. Do your research and do not let this happen to you. Find a program that comes highly recommended by a good website.
If you do this you can get your hands on very good and very affordable online beat maker programs wherever you are in the world and whatever time of day or night it is.
Here is one of the best websites I have found that recommend two of the most sought-after programs.
http://www.beat-maker-software.net/beat-maker-software-what-to-look-for.html
Both come in at a very affordable price, instantly downloadable and with a 100% full guarantee should you discover the programme is not for you.
If you’ve been keeping up with my blog posts lately you’ll know I’ve come to adding a few news posts from around the web on this subject. I’ve got a couple more today that are new and updated, so let me know what you think of em…
Why smartphones are not suffering in the recession
… maker of the software that powers phones like Nokia's N97. It is a mantra often repeated by Microsoft executives. Making the most of it, however, … Read More…
Acuity Brands 4Q Profit Down 31%, But Results Top Views
But results beat analysts' estimates, sending shares up 1.9% premarket to $33.10. Through Tuesday, the stock was down 7% this year, although it has risen … Read More…
India's software firms get more than half of their revenue from the US Wipro dived 4.3% to 573.10 rupees, while Tata Consultancy Services – India's top … Read More…
That’s all the news for today guys, so until next time, thanks for stopping by.
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