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.

Word on the Street

Interesting Tidbits

Published on Apr 17, 2012
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

Posted in ...