Indices are Positive on Thursday after Durable Goods Report and Pledge from the ECB (FB, UTX)

Better-than-expected reports late in the day and comments from the European Central Bank's president caused stocks to rise in both the US and global markets. President Draghi said that the ECB would do whatever it takes to support the euro. Social media gamer site Zynga (ZNGA) posted a drop of close to 40% for their quarterly results and Facebook's (FB) first quarterly report as a public company also showed a large loss. US indices advanced after the released information that weekly jobless claims fell to an almost four-year low at 35,000 and durable goods orders were up for the month of June.
The US decreased slightly to the euro and increased against the Japanese yen.

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Published on Jul 26, 2012
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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