Consumer Credit Growth Slows as Dow Tops 15,000 for the First Time
On Tuesday it was announced that job openings in the US have fallen from the five-year high hit in March. The Labor Department noted more firing and less hiring in the job market as well. Also indicators are showing that consumer worries over the future of the economy continue to grow. HSBC (HBC) reported earnings on Tuesday that nearly doubled profit made during the same quarter of 2012. Citigroup (C) filed a lawsuit against Barclays PLC (BCS) involving the collapse of Lehman Brothers Holdings.Electronic Arts (EA) announced a drop in sales and earnings for its fourth quarter, though the company was in line with expectations. Consumer credit increased in March but it was by the smallest amount since last July and was below expectations on Wall Street.
Word on the Street
- Global stocks are close to a five-year high on unexpectedly strong data.
- EOG (EOG) leads other energy stocks after beating earnings estimates.
- A trade deal between the US and the EU for Africa is being considered by the TTIP.
- Consumer credit has the smallest increase in about eight months.
- Facebook's (FB) Firm First Quarter Earnings.
Published on May 7, 2013By InvestorGuide Staff