Stocks rallied Friday amid hope that the worst is over for financials and after solid earnings from multinationals.
Whenever the stock market rushes full speed ahead, it is hard not to look for the big let-down. That could be the case in the week ahead... Major earnings reports, housing data, annual shareholder meetings, and Tuesday's Pennsylvania presidential primaries are what traders will be watching to see if the trend continues.
For the week ending Friday, April 18, 2008 the US Markets ended the week rallying on earnings news. The Dow had its best week since Feb 1 and rallied 256.8 points on Wednesday and another 228.87 points on Friday, for its biggest point gains since April 1st.
The week started out poorly, with Wachovia Bank disappointing, and creating fears that the financials would simply fall apart. It didn't happen; Merrill Lynch and Citi reported big writedowns and poor earnings;
The equity markets end a strong week fueled by earnings, commodities continue to climb, and the dollar strengthens.
It's the big parts of America's economy that are performing well. It's difficult to remember that when so much of the financial system is credit crunched.
Stocks soared Friday amid renewed hope that the worst is over for financials and solid earnings from the industrial and tech sectors.
As people consumer more bottled water, there's been growing concern over how empty plastic bottles are disposed of. As a result, t consumers are increasingly looking at drinking tap water from reusable water bottles and businesses are springing up to serve them.
Google is up over 85 points, or 18 percent, Friday. Here are the biggest one-day moves of the S&P 500 constituents (adjusted for splits and dividends).
U.S. stocks opened sharply higher Friday as a string of powerful earnings reports showed blue-chip corporate strength that belied fears of a crumbling economy.
U.S. stocks opened sharply higher Friday as a string of powerful earnings reports showed blue-chip corporate strength that belied fears of a crumbling economy.
Google's good earnings news should put a shine into the market, and certainly into its stock in Friday trading.