Earnings season is on us, and we are seeing a continued chasm between corporate profits and broad economic recovery. Initial jobless claims were 6% higher than expected, existing home sales 6% lower, and Mid-Atlantic factory activity showed a third straight monthly decline.
Yet, the markets are somewhat flat, as investors, once worried about several companies cutting forecasts in the face of the slowing economy, have seen recent earnings releases paint a better picture.
That said, let's see how the three major indexes are faring and take a closer look at several stocks making headlines.
Index |
Gain/Loss |
Gain/Loss % |
Intraday Value |
---|---|---|---|
Dow Jones Industrial Average |
17.71 | 0.14% | 12,926.41 |
Nasdaq | 22.45 | 0.76% | 2,964.05 |
S&P 500 | 1.40 | 0.10% | 1,374.18 |
Source: Yahoo! Finance as of 2:15 p.m.
The Nasdaq is showing considerably greater gains than the Dow and S&P 500, while oil continues its rebound, adding more than 3%, bringing the price to $92.81 per barrel.
The Nasdaq continues to rebound after a couple of tough weeks. Hardware makers rose in a big way yesterday, and today investors are anxiously waiting for Google's
Verizon
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