Dow Industrials, down 8.05 points, or 0.10% to 8016.95. * Down two straight days. * Today’s top contributors to the Dow’s movement and their point contribution: IBM (15.85), XOM (7.57), CVX (4.62), VZ (3.35), KFT (3.35). * Today’s laggers and their point contribution: MMM (-6.37), BAC (-6.13), BA (-4.94), CAT (-4.86), UTX (-3.90). Nasdaq...

Nasdaq Says It Will Let Stand Dendreon Trades Under Review! The Nasdaq Stock Market said it will let stand two minutes’ worth of transactions in Dendreon Corp. that it initially suspected were the result of a brokerage error. Dendreon shares plunged as much as 69 percent between 1:25 p.m. and 1:27 p.m., when Nasdaq halted trading in the stock. The...

BREAKING: The Nasdaq Stock Market said it is investigating two minutes worth of transactions in Dendreon Corp. because they may have resulted from a brokerage error. Transactions executed between 1:25 p.m. and 1:27 p.m. are under review, the New York-based exchange said in an e-mailed statement. This also happened to Google when they reported. See Article...

* Provenge improved 3-year survival by 38 percent * Provenge patients lived 4.1 months longer on average * No major adverse events seen with Provenge in study NEW YORK, April 28 (Reuters) – An experimental cancer vaccine developed by Dendreon Corp (DNDN) improved three-year survival of patients with advanced prostate cancer by 38 percent compared...

House prices fell 19% year over year in February, close to the peak rate of January BUT, the rate of decline in house prices is finally decelerating. Prices now at 2003 levels and will decline considerably more from here

WOW, it looks like Chrysler (of all companies) has secured its ongoing survival prior to GM. Washington Post reports that the company has done what GM hasn’t, namely, get its bondholders to take a haircut and accept a restructuring. All told, they’re reducing their debt from $6.9 billion to $2 billion, in exchange for a relatively small...

According to Reuters, world health officials are fighting to contain the new flu. Reuters reports that the government may be pressing Citigroup (C) and Bank of America (BAC) to raise more money. Reuters writes that GM (GM) has offered its final survival plan. Reuters reports that the UAW will end up owning 55% of Chrysler. Reuters writes that Democrats...

So begins the tricky process of rolling out stress test results… The dance starts with a leak to the WSJ. Word is that the Federal Reserve has told Citigroup (C) and Bank of America (BAC) that they’ll both need to raise billions more in order to be adequately capitalized. Neither is a huge surprise. Both have received exceptional levels...

Pfizer (PFE) may be the best proxy for the fortunes of large US pharmaceutical companies. It has a market cap of more than $88 billion and annual revenue of almost $50 billion, making it the largest drug company in the world. It is in the midst of buying rival Wyeth for $68 billion and is cutting staff and costs rapidly as some of its most profitable...

Well folks short term bears should be concerned. As I stated yesterday this is not acting like a market that wants to rollover and head south. Swine Flu talk all weekend and all we could do was drop 10-15 pts and then recover and finish just a 50 spot down. We may see a little dip down to 830s next 48 hours, but there’s a decent chance we take out...

Look who’s trading US Dollars for Gold. China has reported that it has been secretly increasing its gold reserves. BBC: China has reported that it has been secretly increasing its Gold reserves. It was able to keep it secret by buying domestically produced metal, almost doubling the amount of Gold it holds to more than 1,000 tons. China has the...

Dow Industrials, down 51.29 points, or 0.64% to 8025.00. * First drop in three sessions. * Today’s top contributors to the Dow’s movement and their point contribution: BA (5.97), WMT (5.10), PG (3.66), GM (2.79), MMM (2.79). * Today’s laggers and their point contribution: DD (-10.19), CVX (-9.48), AXP (-8.52), UTX (-7.25), JPM (-4.78). Nasdaq...

Folks it has to be something more earth shattering, more substantial to bring this market down than the little old measly possible pandemics, massive job losses, huge bailouts, spendiculous bills and bank failures. These developments are mere child’s play to what is needed to bring the market down. Who are they trying to kid anyway??? Massive...

Intel (INTC) is the stock to short for the hardware industry just the way Microsoft is for investors betting against software. The shares in largest maker of chips in the world rises and falls on sales information about PCs and servers. Its expansion into less expensive and less powerful chips for netbooks and other portable devices may drive significant...