Stocks Make Modest Gains (GE, CSCO)

Major indexes were up today, with industrial stocks leading the pack. Among these, General Electric (GE) made a strong showing with a 2.1 percent gain in stock price. The larger economic picture still doesn’t look good, however, as new data from the Census Bureau reveals that the US poverty rate is at 15 percent, the highest since 1993. The federal budget deficit rose by $134 billion last month and is projected to be around $1.28 trillion by the end of the budget year this month. In corporate news, Cisco (CSCO) cut their long term sales forecasts, but its shares rose by 2.2 percent nevertheless.

Word on the Street

• Stocks were slightly up today.
• Cisco (CSCO) cut its long term sales growth forecast.
• General Electric (GE) stock was up 2.1 percent today along with other industrial companies.
• The Census Bureau revealed the the US poverty rate is at its worse since 1993.
• Gold was up on a weaker dollar amid debt concerns.
• The federal budget deficit was up to $1.23 trillion in August.

Interesting Tidbits

• Are you training yourself to fail?
• How self-control is the skill that matters most.

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