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New York Markets Open in:

Futures: /quotes/zigman/30356461/delayed S&P 500 +0.6% /quotes/zigman/38649152/delayed DOW +0.6% /quotes/zigman/30356458/delayed NASDAQ +0.7%

need to know
London stocks regain ground after rout
China tightens controls to fight capital outflows
Australia quarterly growth slowest in 4 years
Chinese stocks rebound from earlier selloff
CBOE, VIX trading set records in August
AT&T urges rejection of TRC Capital offer
CNN shakes up GOP debate criteria
Amgen finds data falsified in diabetes study


China stock market to close for World War II anniversary

McDonald’s set to offer all-day breakfast

No. 1 restaurant for ‘breakfastarians’ is ...
Teacher with 111 tardies blames breakfast

Never use a market order when stocks are selling off

Uber drivers lawsuit  endangers much more than Uber
Uber driver suit can proceed as class-action

How China turned minor yuan issue into global rout
Beijing bumbling is China’s biggest problem

Where every Fed member stands on raising rates

Rate-hike question is what Yellen didn’t want
Boston Fed president: Sept. doubt remains

How LVMH poached Apple digital exec Ian Rogers

What to expect at September Apple event
What to expect from the Apple event on Sept. 9
New on the shelves of your Apple Store: drones
Apple talks to Hollywood for exclusive content
Lost Apple deal leads to 40% job cut at GT

Canada’s economy enters recession — arguably

Building is emerging as strongest sector of economy
U.S. manufacturing growth at 2-year low: ISM

These are the cars that get the most Instagram attention
Best time to buy a new car may be just ahead
U.S. car sales are stronger than expected

10 cities in U.S. with the very worst traffic problems
Lowest Labor Day gas prices in 11 years: AAA

Trump says Mount McKinley name change ‘insult to Ohio’
Trump: Switch to Denali is ‘insult to Ohio’
Mount McKinley in Alaska is renamed Denali
Which U.S. president has the tallest mountain?

Unlucky lottery winner gets IOU from Illinois

Pacific and Atlantic hurricanes lose strength
Hurricane Katrina: New Orleans 10 years later
Atlantic hurricanes lose sway over oil and gas

/conga/frontpage.html 353890

Markets »

171.39MDow Volume:
Avg Vol: 111.86M
Unchanged
163
Decliners
5264
Advancers
1172
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,058 -470 2.84%
Nasdaq
/quotes/zigman/12633936/realtime 4,636 -140 2.94%
S&P 500
/quotes/zigman/3870025/realtime 1,914 -58 2.96%
GlobalDow
/quotes/zigman/629063/realtime 2,293 -3 0.11%
Gold
/quotes/zigman/662444/delayed 1,141 +1 0.08%
Oil
/quotes/zigman/2331095/delayed 44.39 -1.02 2.25%
FTSE 100
/quotes/zigman/3173262/delayed 6,058 -1 0.01%
DAX
/quotes/zigman/2380246/delayed 10,048 +32 0.32%
CAC 40
/quotes/zigman/3173214/delayed 4,554 +13 0.28%
FTSE MIB
/quotes/zigman/1482176/delayed 21,594 +142 0.66%
IBEX 35
/quotes/zigman/2759620/delayed 9,926 -66 0.66%
Stoxx 600
/quotes/zigman/2380150/delayed 353 +0 0.11%
Asia Dow
/quotes/zigman/6959860/realtime 2,706 -12 0.45%
Nikkei 225
/quotes/zigman/5986735/delayed 18,095 -70 0.39%
Hang Seng
/quotes/zigman/2622475/delayed 20,935 -250 1.18%
Shanghai
/quotes/zigman/1859015/delayed 3,160 -6 0.20%
Sensex
/quotes/zigman/1652085/delayed 25,609 -87 0.34%
Singapore
/quotes/zigman/1709939/delayed 2,883 +1 0.02%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 0.00 0.37%
Yen
/quotes/zigman/16008150/realtime/sampled 119.95 +0.58 0.48%
Pound
/quotes/zigman/16008140/realtime/sampled 1.53 0.00 0.05%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.70 0.00 0.04%
DXY Index
/quotes/zigman/1652083/delayed 95.62 +0.24 0.26%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.39 +0.22 0.25%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.16 0.00 0.00%
German 10y
/quotes/zigman/15866409/realtime 0.79 -0.01 1.80%
Italy 10yr
/quotes/zigman/15866497/realtime 1.99 -0.01 0.33%
Spain 10yr
/quotes/zigman/15866444/realtime 2.14 +0.00 0.23%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.81 -0.02 1.01%
Japan 10yr
/quotes/zigman/15866525/realtime 0.39 +0.03 8.64%
Crude Oil
/quotes/zigman/2331095/delayed 44 -1 2.25%
Gold
/quotes/zigman/662444/delayed 1,141 +1 0.08%
Corn
/quotes/zigman/7599553/delayed 370 +1 0.34%
DJIA F
/quotes/zigman/38649152/delayed 16,183 +95 0.59%
S&P F
/quotes/zigman/30356461/delayed 1,929 +13 0.66%
Silver
/quotes/zigman/3134148/delayed 15 0 0.21%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 87.23 -2.20 -2.46%
AAPL /quotes/zigman/68270/composite 107.72 -5.04 -4.47%
GOOG /quotes/zigman/30194416/composite 597.79 -20.46 -3.31%
BAC /quotes/zigman/190927/composite 15.58 -0.76 -4.65%
C /quotes/zigman/5065548/composite 50.94 -2.54 -4.75%
F /quotes/zigman/264304/composite 13.72 -0.15 -1.08%
T /quotes/zigman/398198/composite 32.32 -0.88 -2.65%
BP /quotes/zigman/247026/composite 32.14 -1.40 -4.17%
GE /quotes/zigman/227468/composite 23.88 -0.94 -3.79%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
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World News from MarketWatch

Rates »

5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

SPONSORED SECTIONS

Trending Tickers
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Microsoft Tablet? Yawn. Microsoft Shares? Yes

Microsoft (MSFT) seemed to do a karaoke cover of a two year-old Apple (AAPL) hit late Monday when it unveiled a tablet computer called the Surface.

The device looks like an iPad with a kickstand and a cover that doubles as a keyboard. Pricing and availability weren’t announced.

Getty Images

Stock investors have two reasons to keep expectations for the new device low. They’re called Zune and Kin, Microsoft’s 2006 music player and 2010 phone, both of which flopped.

But the stock market has a way of turning unsexy companies into alluring stocks. It does so by reducing share prices to modest levels relative to cash flows.

Microsoft has a stock market value of $250 billion, sits on around $40 billion in cash and generated more than $27 billion in free cash over the past year. Even if that rate slowed to $20 billion a year, the company would pay for itself in a decade.

The stock pays a 2.7% dividend and Microsoft in recent years has spent much more on share repurchases than dividends.

The challenges facing Microsoft are profound, of course. As websites take the place of locally installed programs, users become less dependant on running Microsoft’s Windows operating system, a key cash generator. And the company has largely missed out on the sweeping adoption of smartphones and tablet computers. Such devices take the place of personal computers for some, and introduce users to operating systems from Apple and Google.

To address these challenges, Microsoft later this year will launch a new operating system, Windows 8, that’s designed to work on personal computers and tablets. Its new Surface tablet computer may be as much an effort to showcase this software as to gain hardware sales. Meanwhile, Office 365 brings a cloud-based subscription model to the company’s popular productivity software. And Azure provides a computing platform for developers of other cloud-based programs.

The basic plan seems to be: Extract as much cash as possible from the old model of software sales while trying to build a large, stable income under the new model. Windows 8 is likely to provide a short-term boost. Wall Street expects profits for Microsoft to increase 15% during its next fiscal year, which begins at the end of this month.

The key for stockholders will be what happens in the following year–whether income from cloud-based platforms and services grows quickly enough to make up for expected declines in installed personal computer software.

That might make Microsoft shares seem risky. But the riskiest stocks are those with ambitious valuations based on uncertain profits–like Facebook (FB) at 58 times this year’s earnings forecast. At 11 times earnings, Microsoft is already priced like a company in decline, which means if it can merely preserve its income, to say nothing of growing it, the stock should pay off nicely.

That, however, hinges on the company doing wise things with its cash. Far more worrisome than its missteps with Zune and Kin was its 2008 offer to buy Yahoo at at 66 times earnings. Yahoo has lost nearly two-thirds of its stock market value since then. Whatever the prospects for Surface, it surely will do better than that.

Comments

We welcome thoughtful comments from readers. Please comply with our guidelines. Our blogs do not require the use of your real name.

Comments (5 of 17)

View all Comments »
    • I got my copy of Postal 2 a few days ago, and have played it thogruh about halfway. Overall, the game is fun, but there is one big drawback the load times! It seems like every 2 or 3 minutes, I’m waiting for a section of the map to load. This can take up to a minute and a half, even though I turned down some of the settings and am running it on a 2 Ghz system. The graphics are good, if a little repetitive (there are only about 5 or 6 different NPCs, they just have different colored outfits on, and some of the indoor environments are kind of boring), and the gameplay is great. I found the controls easy and how you interact with the environment good. But, you can’t really go postal , because it’s too hard to kill your enemies. It takes several shots to kill anyone, even if you shoot them in the head. In fact, it doesn’t seem to matter where you shoot them. I found myself running away most of the time, just ’cause it’s easier.Overall A fun game, but the load times pretty much ruin it.

    • I wanted to add soihtemng. You would use stock that pays enough dividends to about cover the interest. Secondly, this strategy only should be used if you have a great investment need for the money that will give you a substantial rate of return.

    • @Harry you are obviously not a tech person. USB 2.0 is not supported by ARM, yet. So the basic Surface has 2.0. of course it will have GPS. I think you mean 3G or 4G. While that has not been announced, part of Windows 8 is the ability to meter your data when connected to a cell source. There is already an AT&T app so you can figure it out from there. Why should MS divulge EVERYTHING. Just because it is not explicitly stated as it has this or that means nothing. @John Hayward yes they captured something, it was your wallet.

    • All the reporters @ Dow Jones I have come across so far seemed to be leagued against whatever MSFT does. They just can’t hide their biases. This is remarkeble. You have all the rights to be Apple cheerleaders. However, remember you are reporters,and you are supposed to report. You are not fortune-tellers, aren’t you? You have no idea about how MSFT’s stock or its products are going to be assessed by the public. Let customers be the judges. Your rhetoric against MSFT is unfair and frankly tiring.

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MarketWatch - Stock Market Quotes, Business News, Financial News
Bulletin
Investor Alert

New York Markets Open in:

Futures: /quotes/zigman/30356461/delayed S&P 500 +0.6% /quotes/zigman/38649152/delayed DOW +0.6% /quotes/zigman/30356458/delayed NASDAQ +0.7%

need to know
London stocks regain ground after rout
China tightens controls to fight capital outflows
Australia quarterly growth slowest in 4 years
Chinese stocks rebound from earlier selloff
CBOE, VIX trading set records in August
AT&T urges rejection of TRC Capital offer
CNN shakes up GOP debate criteria
Amgen finds data falsified in diabetes study


China stock market to close for World War II anniversary

McDonald’s set to offer all-day breakfast

No. 1 restaurant for ‘breakfastarians’ is ...
Teacher with 111 tardies blames breakfast

Never use a market order when stocks are selling off

Uber drivers lawsuit  endangers much more than Uber
Uber driver suit can proceed as class-action

How China turned minor yuan issue into global rout
Beijing bumbling is China’s biggest problem

Where every Fed member stands on raising rates

Rate-hike question is what Yellen didn’t want
Boston Fed president: Sept. doubt remains

How LVMH poached Apple digital exec Ian Rogers

What to expect at September Apple event
What to expect from the Apple event on Sept. 9
New on the shelves of your Apple Store: drones
Apple talks to Hollywood for exclusive content
Lost Apple deal leads to 40% job cut at GT

Canada’s economy enters recession — arguably

Building is emerging as strongest sector of economy
U.S. manufacturing growth at 2-year low: ISM

These are the cars that get the most Instagram attention
Best time to buy a new car may be just ahead
U.S. car sales are stronger than expected

10 cities in U.S. with the very worst traffic problems
Lowest Labor Day gas prices in 11 years: AAA

Trump says Mount McKinley name change ‘insult to Ohio’
Trump: Switch to Denali is ‘insult to Ohio’
Mount McKinley in Alaska is renamed Denali
Which U.S. president has the tallest mountain?

Unlucky lottery winner gets IOU from Illinois

Pacific and Atlantic hurricanes lose strength
Hurricane Katrina: New Orleans 10 years later
Atlantic hurricanes lose sway over oil and gas

/conga/frontpage.html 353890

Markets »

171.39MDow Volume:
Avg Vol: 111.86M
Unchanged
163
Decliners
5264
Advancers
1172
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,058 -470 2.84%
Nasdaq
/quotes/zigman/12633936/realtime 4,636 -140 2.94%
S&P 500
/quotes/zigman/3870025/realtime 1,914 -58 2.96%
GlobalDow
/quotes/zigman/629063/realtime 2,293 -3 0.11%
Gold
/quotes/zigman/662444/delayed 1,141 +1 0.08%
Oil
/quotes/zigman/2331095/delayed 44.39 -1.02 2.25%
FTSE 100
/quotes/zigman/3173262/delayed 6,058 -1 0.01%
DAX
/quotes/zigman/2380246/delayed 10,048 +32 0.32%
CAC 40
/quotes/zigman/3173214/delayed 4,554 +13 0.28%
FTSE MIB
/quotes/zigman/1482176/delayed 21,594 +142 0.66%
IBEX 35
/quotes/zigman/2759620/delayed 9,926 -66 0.66%
Stoxx 600
/quotes/zigman/2380150/delayed 353 +0 0.11%
Asia Dow
/quotes/zigman/6959860/realtime 2,706 -12 0.45%
Nikkei 225
/quotes/zigman/5986735/delayed 18,095 -70 0.39%
Hang Seng
/quotes/zigman/2622475/delayed 20,935 -250 1.18%
Shanghai
/quotes/zigman/1859015/delayed 3,160 -6 0.20%
Sensex
/quotes/zigman/1652085/delayed 25,609 -87 0.34%
Singapore
/quotes/zigman/1709939/delayed 2,883 +1 0.02%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 0.00 0.37%
Yen
/quotes/zigman/16008150/realtime/sampled 119.95 +0.58 0.48%
Pound
/quotes/zigman/16008140/realtime/sampled 1.53 0.00 0.05%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.70 0.00 0.04%
DXY Index
/quotes/zigman/1652083/delayed 95.62 +0.24 0.26%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.39 +0.22 0.25%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.16 0.00 0.00%
German 10y
/quotes/zigman/15866409/realtime 0.79 -0.01 1.80%
Italy 10yr
/quotes/zigman/15866497/realtime 1.99 -0.01 0.33%
Spain 10yr
/quotes/zigman/15866444/realtime 2.14 +0.00 0.23%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.81 -0.02 1.01%
Japan 10yr
/quotes/zigman/15866525/realtime 0.39 +0.03 8.64%
Crude Oil
/quotes/zigman/2331095/delayed 44 -1 2.25%
Gold
/quotes/zigman/662444/delayed 1,141 +1 0.08%
Corn
/quotes/zigman/7599553/delayed 370 +1 0.34%
DJIA F
/quotes/zigman/38649152/delayed 16,183 +95 0.59%
S&P F
/quotes/zigman/30356461/delayed 1,929 +13 0.66%
Silver
/quotes/zigman/3134148/delayed 15 0 0.21%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 87.23 -2.20 -2.46%
AAPL /quotes/zigman/68270/composite 107.72 -5.04 -4.47%
GOOG /quotes/zigman/30194416/composite 597.79 -20.46 -3.31%
BAC /quotes/zigman/190927/composite 15.58 -0.76 -4.65%
C /quotes/zigman/5065548/composite 50.94 -2.54 -4.75%
F /quotes/zigman/264304/composite 13.72 -0.15 -1.08%
T /quotes/zigman/398198/composite 32.32 -0.88 -2.65%
BP /quotes/zigman/247026/composite 32.14 -1.40 -4.17%
GE /quotes/zigman/227468/composite 23.88 -0.94 -3.79%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
Please log in to view your watchlist
MarketWatch Portfolio

World News from MarketWatch

Rates »

5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

SPONSORED SECTIONS

Trending Tickers
  • /quotes/zigman/12221594/composite AMBA-6.30%
  • /quotes/zigman/1502728/composite UUP-0.60%
  • /quotes/zigman/6849146/composite SVXY-14.34%
  • /quotes/zigman/72444/composite GIII-3.49%
  • /quotes/zigman/219890/composite HRB-3.15%
X
Powered by StockTwits
Link to MarketWatch's Slice.

As of July 2, 2013, the SmartMoney content you loved now lives on MarketWatch.

MarketWatch will continue to provide the same important news and information you rely on every day. And, as a MarketWatch user, you will be able to enjoy:

  • Personalized news and quote email alerts
  • Editorial e-newsletters about personal finance, mutual funds and market-specific coverage
  • Premium newsletters by our market experts
  • Games, such as Virtual Stock Exchange and Beat the Darts
  • Free WSJ.com registration

Email address

Password

Forgot password?