Stocks Slightly Up on Consumer Credit Report (UBS, VZ)

Major indices were slightly up today; though the biggest gains were seen by the Dow, at a mere 0.26 percent increase by the time markets closed. The Federal Reserve reported today that consumer credit increased by 0.8 percent, or $19.3 billion, to $2.5 trillion in December. At $1.32, the euro hit a 2-month high against the dollar today. In corporate news, UBS (UBS) came out with very pessimistic projections for its Q4. Meanwhile, Verizon (VZ) and Redbox have entered into a deal to provide a new streaming video service.
This would provide direct competition to Netflix (NFLX), which just released its first original series yesterday.

Word on the Street

Interesting Tidbits

Published on Feb 7, 2012
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

Posted in ...