Stocks finished lower Friday, despite a last-ditch attempt to rally, as technology shares took yet another hit — this time it was weak earnings from PC maker Dell. Still , for the week, the Dow gained about 50 points.
Stocks declined Friday as technology shares took yet another hit — this time it was weak earnings from PC maker Dell. Merck was among the few gainers today as investors moved into classically safe bets like health care, consumer staples and utilities.
D.R. Horton, the No. 2 U.S. homebuilder, reported a much larger-than-expected quarterly loss on Friday, sending its shares down nearly 7 percent even though it also said orders increased.
Oil fell nearly 1 percent on Friday as a stronger dollar weighed on prices and falling equities raised concern about the economy and the outlook for energy demand.
Intuit, maker of QuickBooks accounting software, posted a narrower-than-expected quarterly loss on tight cost controls, though it issued a profit outlook below Wall Street projections.
The computer maker reported financial results that were worse than last year and also fell short of Wall Street expectations, punishing the company's shares.
Thursday, 19 Nov 2009 | Source: The New York Times
After a brutal year in which the nation’s luxury retailers were forced to offer their wares at stunning discounts, they are trying to get their magic back. And they may have found a way: deliberately running low on merchandise. The New York Times reports.
Dell reported earnings results that were worse than last year and also fell short of Wall Street expectations, punishing the company's shares... Read More
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Michael Dell in his prepared comments in the company's Third Quarter earnings report points to a recovery in IT spending and cites Microsoft's Windows 7 release as juicing small and medium business spending, as well as spending by the consumer.... Read More