Worries out of Europe appear to be suggesting a flat opening for the Dow Jones Industrial Average
While U.S. corporations had mostly weathered the European storm with solid profit growth, despite a high unemployment rate and other negative economic indicators, many are now singing a different tune. Tech companies like Cisco
Asian markets gained overnight, with the Nikkei up 1%.
In another strike against junk food, Disney
The group of G-7 finance ministers will meet today over a conference call. The emergency call has sparked optimism among some observers, who are hoping for increased stimulus to fight the slowdown over the last month.
One economic report comes out today: the Institute for Supply Management Services Index, which measures the strength of the U.S. service sector, to be released at 10 a.m. EDT. Economists are expecting a figure of 53.1, which indicates a modest expansion but is slightly below the previous month's reading of 53.5.
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Fool contributor Jeremy Bowman holds no positions in the companies in this article. The Motley Fool owns shares of Walt Disney and Cisco Systems. Motley Fool newsletter services have recommended buying shares of Walt Disney. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.