Wednesday, 7 Oct 2009 | Source: The Associated Press
A robust performance in China helped chain-restaurant operator Yum Brands Inc. post 18 percent growth in its third-quarter profit, easily beating Wall Street forecasts.
Wall Street enters the new day having broken out of the funk that saw stocks slip for seven of eight sessions - with futures pointing to a higher open Tuesday as well.
Technology stocks rose more than 2 percent Wednesday following encouraging earnings, while a slew of economic reports fueled the notion the economy was showing stronger signs of a turnaround and boosted the broader market.
Wall Street has reestablished positive momentum, and that's likely to continue Wednesday morning after Intel beat expectations with its after-the-bell earnings report late Tuesday, and issued guidance that was well above consensus as well.
Earnings season may have "officially" gotten underway with last week's release by Dow component Alcoa, but it kicks into full gear Tuesday with two very significant pre-market releases: quarterly numbers from Goldman Sachs and Dow stock Johnson & Johnson.
Earnings season may have "officially" gotten underway with last week's release by Dow component Alcoa, but it kicks into full gear Tuesday with two very significant pre-market releases: quarterly numbers from Goldman Sachs and Dow stock Johnson & Johnson.