With no economic data releases on the docket today, Wall Street will focus mainly on corporate earnings reports, including Facebook’s results after today’s close. 290 more words
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NEW YORK — Can sales of soda, hamburgers and apples (Apple gadgets, actually) shift Wall Street’s focus off of bad stuff — like a plane being shot out of the sky in Ukraine, gun battles in Gaza and finger-pointing politicians — back to more traditional market matters, such as the earnings power of Corporate America? 294 more words
The Dow Jones industrial average rallied 123 points Friday as the market showed signs of stabilizing after a rocky Thursday.
It appears investors’ initial negative knee-jerk reaction Thursday to the downed Malaysia Airlines jetliner and Israel’s military foray into the Gaza Strip was an overreaction, at least for now. 482 more words