U.S. stocks closed higher on Thursday on a batch of strong earnings from various sector bellwethers, with financial and consumer stocks leading the way. Based on the latest available data, the Dow Jones industrial average <.DJI> rose 131.95 points, or 1.33 percent, to end unofficially at 10,081.31....
This article analyses Nouriel Roubini's view that a huge bubble is being formed because of low interest rates. This leads businesses to borrow and buy various assets causing prices to rise and making huge profits. Roubini is not claiming that the bubble will burst soon but it is starting to form and will burst sometime in the future. ...
Online search giant Google says the worst of the recession is over as it reported quarterly profit and sales that rose from year-earlier results and easily topped Wall Street's forecasts.
"Google had a strong quarter-we saw 7 percent year-over-year revenue growth despite the tough economic conditions," said Eric Schmidt, Google's chief executive, ...
Sri Lankan Born Business tycoon, Raj Rajaratnam currently booked on charges of Insider trading has now gone on a selling spree in his home country stock market, the Colombo Stock Exchange (CSE). The proceeds from exiting these shares are believed be to fund his currently massive bail amount in the tune of 100 million USD.
Rajaratnam’s ...
Stocks zigzagged early Friday as profit reports from Amazon.com and Microsoft lifted technology companies. Amazon posted third-quarter earnings and sales that topped expectations. Microsoft, meanwhile, said its latest quarterly profit slid 18 percent,...
News Source: Honolulu Advertiser
| about 1 month ago
Investors encouraged by a good batch of earnings reports and forecasts jumped back into stocks after a two-day slide. Market indexes posted big gains yesterday as investors snapped up financial shares after several banks said they weren't seeing as...
News Source: The Columbus Dispatch
| about 1 month ago
Stocks posted big gains yesterday as investors snapped up financial shares after several banks said they weren't noticing as many loans going bad in the current quarter. The Dow industrials logged the biggest gain of the major indexes after a...
Investors encouraged by a good batch of earnings reports and forecasts jumped back into stocks after a two-day slide. Stocks posted big gains Thursday as investors snapped up financial shares after several banks said they weren’t seeing as many...
Financials were among the top gainers after insurer Travelers Cos Inc posted gains after it raised its full-year outlook and regional bank PNC Financial Services Group Inc shares jumped 12.7 per cent to $50.65 on far better-than-expected quarterly...
On Monday, energy and utilities paced the broad-market gains as stocks turned solidly higher after indecisive trading earlier on, with the major indexes finishing at their highest levels so far this year. The Dow industrials rose 96.28 ...
Investors are finding encouragement about the direction of the economy from the latest batch of earnings reports. Stocks rose Wednesday after a handful of banks, including Morgan Stanley, US Bancorp and Wells Fargo, posted better results for the ...
The Dow rose in 14 of those years. In 1973-74, the Dow fell 46% while earnings rose 47%. 12-month earnings peaked at the bear market low. Earnings do not drive stocks. And in 2004, EWI's monthly Elliott Wave Financial Forecast added ...
On Thursday at 9:36 am ET, the 30-stock Dow Jones industrial average was higher by 40.20 points, or 0.40%, at 9989.56. The broad Standard & Poor's 500-stock index was up 2.32 points, or 0.21%, at 1083.72. ... Credit card lenders American Express (AXP)
It hit a record 89.5 a year ago at the height of the financial crisis. Stocks spent much of the day higher after a handful of banks, including Wells Fargo as well as Morgan Stanley and US Bancorp, posted better results for the July- September quarter.
October 22nd, 2009 Stock futures little changed ahead of openingNEW YORK — Stock futures are little changed Thursday, a day after a late-session sell off pushed major indexes lower. Overseas markets were tumbling following the U.S. ...
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