pablo
User
Platinum Boarder
| Posts: 93 |   |
|
US Stocks Advance as Apple Tops Analyst Estimates - 2009/04/23 21:24
Hey guys, how are you doing. After falling abruptly the other day the U.S. stocks rose after Apple Inc. and EBay Inc. topped analysts’ sales and profit estimates last quarter, fueling expectations the slowdown in consumer spending may have eased. (Go Apple!  )
Apple, maker of the iPod, climbed 4.4 percent, while EBay advanced 9 percent. Fifth Third Bancorp surged 13 percent after the Ohio lender reporter a narrower-than-expected loss. Morgan Stanley added 1.8 percent as the fifth-biggest U.S. bank by assets was upgraded at Bank of America Corp. European shares gained after Credit Suisse Group AG posted better-than-estimated earnings, while takeover speculation boosted Asian stocks.
The Standard & Poor’s 500 Index added 0.5 percent to 847.5 at 9:33 a.m. in New York. The Dow Jones Industrial Average rose 11.63 points, or 0.2 percent, to 7,898.2. The euro strengthened against the dollar and Treasuries were little changed.
The S&P 500 is up 25 percent from a 12-year low on March 9 as government efforts to fix the financial system and revive economic growth fuel speculation a global recession is subsiding. The Federal Reserve and U.S. government have pledged $12.8 trillion to boost the economy and consumer spending.
|
Trading Resources 
Read today's financial market news and views. Get news on forex, stock indices, bonds and commodites trading. Trading News >>
Try our fantastic new Bull-Bear Market Race. It's a fun and simple way to express your market views. Bull-Bear Market Race >> 
Use the gnuTrade platform to place per point trades as well as Basic and Back a Player Bets. 
