Postal Service Announces End to Saturday Delivery; Global Stocks Stall

Stocks ended mixed on Wednesday as the tech industry struggled. Despite the small changes on Wall Street today, the S&P 500 has now gained 6% so far this year and continues to push the equity market upward. European stocks fell to two-month lows ahead of an ECB meeting that could reveal concern over the economic stability and question the strength of the euro. On the other hand, the markets in Asia rallied with Japanese stocks reaching the highest level in almost five years. Both Disney (DIS) and Time Warner (TWX) beat investor expectations and saw shares climb.
After the bell Green Mountain Coffee Roasters (GMCR) announced net profit that beat the same quarter one year ago, while Expedia (EXPE) slipped on a rating cut due to stronger industry competition. Currently GOP lawmakers in the US are working on a plan for budget cuts in the federal workforce in order to avoid an automatic cut policy that resulted in 2011.

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Published on Feb 6, 2013
By InvestorGuide Staff

Copyrighted 2020. Content published with author's permission.

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