Stocks flat on Greenspan testimony
Reuters - U.S. stocks were little changed on Wednesday after Federal Reserve Chairman Alan Greenspan made optimistic remarks about the U.S economy but said higher interest rates were needed.
Stocks Up As Investors Focus on Earnings
AP - Stocks turned higher in afternoon trading Wednesday as investors focused on good earnings news from the majority of companies that have reported and put aside earlier concerns about a handful of disappointments.
Former chairman Richard Grasso says he's open to settling NYSE suit
Canadian Press - NEW YORK (AP) - Former New York Stock Exchange chief Richard Grasso, who was sued by New York's attorney general over his $187.5-million-US pay package, said Wednesday he's willing to settle the case.
Stock markets turn higher as investors focus on the good earnings news
Canadian Press - TORONTO (CP) - The tone on stock markets improved Wednesday afternoon as materials and industrial stocks pulled Toronto higher while New York shook off earlier losses to move ahead slightly despite a string of disappointing earnings reports.
Dollar robust vs yen pre-Greenspan
Reuters - The dollar hit a 14-month high against the yen on Wednesday as expectations grew Federal Reserve chief Alan Greenspan will signal steady rises in U.S. interest rates in testimony later in the day.
European stocks pare losses
Reuters - European shares pared opening losses on Wednesday as pleasing earnings from Swiss drugmaker Roche, and buoyant miners after China's latest red-hot economic growth numbers helped offset a weak technology sector.
Tuesday's Wall Street Glance
AP - Dow Jones Industrials
Q2 profit growth likely in double digits
Reuters - Thirteen could be a lucky number this earnings period for U.S. investors hoping for double-digit profit growth.
U.S. stocks set for strong start
Reuters - U.S. stock futures pointed to a strong start for the market on Tuesday after blue-chip company International Business Machines Corp. reported earnings that topped Wall Street estimates and ahead of a slew of earnings from other heavyweights.
Good Economic News May Not Boost Stocks
AP - Companies are more productive and more people have jobs. Corporate earnings growth is strong. And while oil prices remain near historic highs, the economy is showing great resilience. Even inflation is a non-issue. But don't expect a huge surge in stocks.
No comments:
Post a Comment