Stocks Rally on German Confidence (GS, FSLR)

Survey results on German sentiment as well as a decline in Spanish bond yields led to a tremendous market rally today, with major indices up around 1.5 percent. In corporate news, Goldman Sachs (GS) experienced a year over year decline in Q1; a 16 percent drop in revenue and a 23 percent drop in net income. Solar power company First Solar (FSLR) saw a big jump in their stock value after they announced that they would be cutting 2,000 jobs, about 30 percent of their global workforce.

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Published on Apr 17, 2012
By InvestorGuide Staff

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