S&P, Dow Continue Rally, US Productivity Rebounds (HPQ, SBUX)

On Wednesday, both the Dow and S&P 500 continued their positive streak while Nasdaq dropped slightly. Despite growing expectations for ECB action, European shares were down. Hewlett-Packard (HPQ) led the Dow after increasing its third-quarter forecast and Disney (DIS) gained as well after higher than expected earnings in the second quarter. Bloomin' Brands (BLMN) made its market debut today and Starbucks (SBUX) ended higher after talks of plans for their mobile payment option stemmed from its recent acquisition of Square.
Standard Chartered tumbled after a New York regulator made allegations that the bank hid $250 billion in transactions tied to Iran. Oil prices gained and US treasury prices fell after the sale of $24 billion in 10-year notes.

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Published on Aug 8, 2012
By InvestorGuide Staff

Copyrighted 2020. Content published with author's permission.

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