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The Dow rose sharply on Thursday after the government reported the economy grew at a surprisingly robust clip in the second quarter and oil prices eased.
Dell reported a profit that fell well short of consensus expectations, punishing the company's shares in late trading.
Stocks advanced Thursday after second-quarter GDP was revised to show growth was more robust than first thought and oil receded to around $116 a barrel after earlier topping $120.
The markets have staged an impressive two-day rally on stronger GDP and durable goods; lower oil, natural gas; stronger financials. But the disappointing showing from Dell is a reminder that the global economic slowdown is not going away. If you are not confused, you're not paying attention.
Computer maker Dell is scheduled to report its fiscal second-quarter results after the market closes Thursday. The following is a summary of key developments and analyst opinion about the period.
Stocks advanced Thursday after second-quarter GDP was revised to show growth was more robust than first thought and oil receded to around $118 a barrel after earlier topping $120.
Software companies pay hundreds of millions of dollars to PC makers like Hewlett-Packard to install their photo tools, financial programs and other products, usually with some tie-in to a paid service or upgrade. With margins growing thinner than most laptops, this critical revenue can make the difference between profit and loss for the computer makers, says the New York Times
Stocks opened higher Thursday after the second reading on second-quarter GDP showed growth was more robust than first thought. Tropical Storm Gustav, which is readying to move back to hurricane status and heading toward the Gulf Coast, continued to hover over the market and bump up oil prices.
Thursday's markets will be quiet, but there are a few important undercurrents investors are watching.
We ran out of time on TV, but in this Web Extra you’ll find all the latest “Fast & Furious” trades.
Investors are placing bets on Dell ahead of earnings Thursday. What should you expect?
Here's our Fast Money Final Trade. Our gang gives you tomorrow's best trades, right now!
Before your next trade find out... how to trade Dell ahead of earnings... how to trade oil in the week ahead... and whether commodities, banks and stocks can all trade higher at once!
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Hewlett Packard reported a profit that rose over last year and beat analysts' forecasts by 3 cents a share. Sales also beat expectations.
This is an important week for Intel, a company at a kind of competitive and technological crossroads. The company is hosting its annual developers' forum in San Francisco, with chairman and former CEO Craig Barrett delivering today's keynote.
Roger writes, “I sold Chesapeake around $67. The traders say buy the dips and sell the rips but recently I’ve only been getting ripped.
Fears that emerging market demand for Dell Inc. and Hewlett-Packard Co. technology products will slow and that the U.S. dollar will strengthen in the remainder of the year may overshadow earnings in line with or above Wall Street targets.