The markets closed mixed today, as the Dow Jones managed to post a small gain of 12.26 points, while the Nasdaq slipped 8.18 points and the S&P 500 fell 1.17 points. The disappointing performance was blamed mostly on poor economic news: consumer confidence dropped to its lowest level since February, and while home prices managed to increase in May, analysts were doubtful that this gain was permanent. Some strong company earnings reports seem to have kept the markets from slipping even further. Crude oil for September delivery slipped nearly 2% falling to $77.50 a barrel, and gold for August delivery fell to a three-month low at $1,158 per ounce.
Word on the Street
Although U.S. Steel (X: Charts, News, Offers) reported a “sharp turn around”, the company posted a loss which was greater than expected, sending their stock down more than 6%.
E.I. du Pont de Nemours & Co. (DD: Charts, News, Offers), commonly called DuPont, pleased investors by blowing past expectations, nearly tripling their earnings and increasing their full-year earnings projection.
While the controversial practice of jailbreaking an Apple iPhone is now legal, that doesn’t necessarily mean it is a good idea. There are some things that you should consider before doing this, such as the voiding of Apple’s (AAPL: Charts, News, Offers) warranty.
Aflac (AFL: Charts, News, Offers) squeaked past expectations with an 85% increase in profit, based primarily on the company’s strong performance in Japan and the exchange rate of the yen.
Vacancy rates may have slightly improved from last quarter, but rates are still at nearly the same levels they have been during the worst of the recession.
The country was shocked to hear reports of yet another oil leak, at least the third in the last 100 days, supposedly caused by the well being hit by a barge.
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DuPont helps keep Dow Jones up, while Economy drags other indices down
By: InvestorGuide Staff, dated July 27th, 2010The markets closed mixed today, as the Dow Jones managed to post a small gain of 12.26 points, while the Nasdaq slipped 8.18 points and the S&P 500 fell 1.17 points. The disappointing performance was blamed mostly on poor economic news: consumer confidence dropped to its lowest level since February, and while home prices managed to increase in May, analysts were doubtful that this gain was permanent. Some strong company earnings reports seem to have kept the markets from slipping even further. Crude oil for September delivery slipped nearly 2% falling to $77.50 a barrel, and gold for August delivery fell to a three-month low at $1,158 per ounce.
Word on the Street
Although U.S. Steel (X: Charts, News, Offers) reported a “sharp turn around”, the company posted a loss which was greater than expected, sending their stock down more than 6%.
E.I. du Pont de Nemours & Co. (DD: Charts, News, Offers), commonly called DuPont, pleased investors by blowing past expectations, nearly tripling their earnings and increasing their full-year earnings projection.
While the controversial practice of jailbreaking an Apple iPhone is now legal, that doesn’t necessarily mean it is a good idea. There are some things that you should consider before doing this, such as the voiding of Apple’s (AAPL: Charts, News, Offers) warranty.
Aflac (AFL: Charts, News, Offers) squeaked past expectations with an 85% increase in profit, based primarily on the company’s strong performance in Japan and the exchange rate of the yen.
Vacancy rates may have slightly improved from last quarter, but rates are still at nearly the same levels they have been during the worst of the recession.
The country was shocked to hear reports of yet another oil leak, at least the third in the last 100 days, supposedly caused by the well being hit by a barge.
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The new Chevy Volt from General Motors announced today a starting price of $41,000, nearly twice the starting price of the hybrid Toyota Prius and more than $8,000 more than the upcoming Nissan Leaf.
They make HOW much?? – A look at the earnings of some top celebrities.
Would you like to take a college course on Twitter and Facebook? Students in some business programs are getting an education in social media.
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