Unless Economy Improves, Fed Ready to Act; US Home Sales Rise

On Wednesday, the minutes from the Fed's most recent policy meeting were released and investors saw signals that action will most likely be taken fairly soon. Home sales data in the US was positive after a report that resales rose in the month of July. Negative news came from Japan and a larger than expected trade deficit, sending US indices slightly lower. Greece may be seeking a loan from the IMF by the end of this year. After hours both Hewlett-Packard (HPQ) and Guess (GES) reported earnings.
Discover's (DFS) shares rallied after announcing an agreement with eBay (EBAY) over the PayPal paying service. Oil ended today at the highest settlement in three months.

Word on the Street

Interesting Tidbits

Published on Aug 22, 2012
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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