Stocks Retreat from Four-Year Highs, Dell Outlook Falls Short (BBY, BKS)

Many large companies are around multi-year highs, some such as IBM (IBM), Wal-Mart (WMT) and Oracle (ORCL) are near five-year highs. Despite declines in the major US indices, the markets have been rallying quickly recently. Optimism continues to grow based on ECB talks and the hope that the bank will follow through with defending the euro and resume buying sovereign bonds. Best Buy (BBY) cut their forecast after weak revenue results.
Facebook (FB) shares dropped further after its investor Peter Thiel sold the majority of his holdings. Crude-oil futures are above $97 a barrel. The dollar inched lower against both the euro and the yen.

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Published on Aug 21, 2012
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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