For months now, consumers have been hunkering down in an economic storm, buying only what they need to survive, like groceries, diapers, medicine — and shoes. The New York Times reports.
Stocks skidded Tuesday as earnings season took a turn for the worse. After a few companies delivered what analysts want to see this quarter, improvement in revenue, J&J delivered more of the same from last quarter.
Futures indicated a lower open for Wall Street on Tuesday, after the U.S. market's record-making day on Monday where the Dow Industrial Average reached a new 2009 trading high, close to the 10,000 mark.
Monday, 28 Sep 2009 | Source: The Associated Press
Nike is scheduled to report earnings for its fiscal first quarter on Tuesday after the market closes. The following is a summary of key developments and analyst opinion related to the period.
Stocks ended lower Wednesday, despite a late attempt at a recovery, as disappointing readings on the service sector and employment situation, as well as a cautious outlook from Dow component P&G, fueled concerns about the economic recovery.
Stocks tumbled Wednesday following disappointing readings on the service sector and employment situation, as well as a cautious outlook from Dow component P&G.
Stocks tumbled Wednesday following disappointing readings on the service sector and employment situation, as well as a cautious outlook from Dow component P&G.
Stock index futures pointed to a slight rise Wednesday, despite a drop in shares for Dow component Procter & Gamble and a sharp rise in planned layoffs for July.
The latest batch of earnings took a toll on the market Friday but the Dow still pulled off a gain in the final half hour of trading, capping its best two-week performance since 2000. Microsoft shares fell more than 8%.
Stocks took a hit Friday as a drop in consumer sentiment exacerbated losses triggered by a disappointing round of earnings from Microsoft, Amazon and AmEx. But the Dow poked higher in afternoon trading Microsoft shares fell nearly 10%.
Stocks skidded Friday as a drop in consumer sentiment exacerbated losses triggered by a disappointing round of earnings from American Express, Amazon and Microsoft.
Futures indicated a lower open for Wall Street on Friday, probably due to earnings exhaustion, as after-the-bell results reports from American Express, Amazon.com and Microsoft disappointed investors.
The Dow topped 9,000 for the first time since January as investors shrugged off a rise in jobless claims and cheered earnings from Ford and 3M. A third straight rise in existing-home sales also buoyed the market.
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