Good morning, US stocks ended down on Monday, led by losses in biotech shares after disappointing news from several companies including Amgen. The Nasdaq Biotech Index sank 4.1%, its biggest daily percentage loss since March 25, while the S&P Healthcare index, down 1.8%, was the biggest drag on the benchmark S&P 500 index. After the market closed, Apple posted a 33% jump in profit last quarter, fuelled by strong demand for the iPhone and sales growth in China. The company also boosted its capital- return program by $US70 billion. Here in OZ, markets are once again hovering around 6,000 points……… Will we break it this time? We think so……… Stocks to watch today • Blackmores third-quarter trading update, Beach Energy March quarter production results, Henderson Group first quarter 2015 results. • Canaccord has a "buy" on Osprey Medical with a price target of $1.50 a share. • Hartleys says gold producer Northern Star Resources is an "accumulate" with a price target at $2.31 a share. The SPI is pointing to 5 points rise this morning.



Comments

Please sign in to comment on this wire.