October 19th, 2011
Apple missed big with its fourth-quarter results, a rare feat for the iPhone and iPad maker, which usually topples forecasts.
The miss stunned Wall Street: Apple shares [AAPL 422.24 2.25 (+0.54%) ] tumbled after-hours and were down more than 7 percent at one point. (Click here for the latest [...]
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August 17th, 2011
US stocks have resumed their rally after a series of earnings reports came in better than expected.
Target Corp, Staples Inc and Dell Inc all reported earnings for last quarter that were above analysts’ forecasts.
Companies in the Standard & Poor’s 500 are on track to report higher profits for a ninth straight quarter.
But [...]
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August 17th, 2011
THE Australian share market closed higher today, buoyed by bargain-hunters who helped to make up ground from the previous day’s loss.
Official figures showing slower than expected wages growth helped calm inflationary expectations and also provided a boost for investors.
At 16:15 (AEST) the benchmark [...]
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August 11th, 2011
French bankers and officials scrambled to calm nerves on Thursday after two days of whipsaw trading that saw their banks’ market value fall and rise by billions of euros.By late in the day those efforts appeared to settle markets jittery about the health of French banks and [...]
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August 11th, 2011
Economists looked by MarketWatch had expected the Labor Department to report an increase in initial claims, to 410,000.Trading in U.S. stock futures followed a choppy pattern with investors on edge after the previous session’s plunge, while shares of Cisco Systems Inc. [...]
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August 8th, 2011
US Stock market futures pointed to a sharply lower open on Wall Street Monday following on from last weeks downgrade of America’s credit rating from triple-A for the first time in history by ratings agency Standard & Poor’s (S&P).
S&P came in for significant criticism from US Treasury [...]
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August 5th, 2011
513 points plunged today of Dow Jones industrial amid renewed worries about a possible double-dip recession, the U.S. deficit and Europe’s continuing debt problems.The S&P 500 fell 60 points to 1,200. The Nasdaq declined 137 points to 2,556.It was the worst day for the market since the October 2008 when stocks sank as widening mortgage [...]
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June 6th, 2011
The first quarter comes to a close today with major averages at or near multi-year highs. Expect “substantial” further gains for stocks before a “major top” occurs in late summer, says noted forecaster Harry Dent, founder of HS Dent and The Dent Method.
The good news, for those long, is Dent predicts the Dow will trade [...]
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June 6th, 2011
The bullish forecasts are dangerously wrong. Psychologically, it’s hard for investors to ignore the happy talk and pull back from the market, but they should do so soon.
Politicians lie. Bankers lie. Yes, they’re liars. But they’re not bad; it’s in their genes, inherited. Their brains are wired that way, say scientists. Like addicts, they can’t [...]
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