Hewlett-Packard Hits a Ten-Year Low and Warns on 2013 (HPQ)

On Wednesday, the ADP National Employment Report showed that the US added more jobs than was expected in September. Service sector activity picked up as well with new orders, suggesting that the economy is heading in the right direction. After the US data reports, the dollar gained against both the euro and the Japanese yen. In the spotlight today was Hewlett-Packard (HPQ), whose CEO warned of future under-performance and requested patience from traders. The company's shares hit a nine-year low after the outlook announcements.
All three major US indices gained from yesterday's session as investors await Spanish bailout developments and the first of three presidential debates broadcasting on Wednesday night.

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Published on Oct 3, 2012
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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