Fed's Tapering May Be Sooner Than Expected; MSFT Aims High
Stocks fell once again today after news broke that the Fed may begin tapering their buying habits sooner than expected. Credit card late payments are rising marginally from 1.27% to 1.36% due to an increase number of Americans falling behind on their credit card payments. This is in part due to the increase of spending, partially due to back-to-school shopping in the third quarter. Home Depot (HD) isn't the only home improvement store that is showing recent success, Lowe's (LOW) overall revenue beat its forecast but its shares fell a $0.01 below Wall Street's expectations.
Word on the Street
- Is punishing banks a smart move for the economy?
- Dick's Sporting Goods (DKS) reports better-than-expected 3Q earnings.
- Bernanke leadership through tough times receives good reviews.
- Wall Street banks need to adjust their business model, ditch 'cottage industry' mold
- Lead by auto sales, U.S. retail sales improved in October.
- Home sales continue to fall, October numbers were worse than expected.
- Home Depot (HD) earnings beat estimates, raises forecast.
Published on Nov 20, 2013By InvestorGuide Staff