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Corporate Earnings Were Good &Nbsp; Dow Rose 0.69% On Wednesday.

2010/10/14 10:08:00 37

Corporate Earnings Are Good. Dow Jones Industrial Average Rose.


As of 4:00 pm Eastern time,

Dow Jones industrial average

Up 75.68 points.

Gain

From 0.69% to 11096.08, the Nasdaq composite index rose 23.31 points, or 0.96%, to 2441.23 points; the standard & Poor's 500 index rose 8.33 points, or 0.71%, to 1178.10 points.


  

Corporate earnings are good.

The Dow rose 0.69% on Wednesday.


Intel -T and J.P. Morgan and other companies have made good financial results and China's demand has raised investors' confidence in the global economic recovery. On Wednesday, US stocks rose higher and the Dow finally gained 75.68 points.


On the disk side, the raw materials and technology sectors are taking the lead.

Stocks, CISCO -T rose 2.48%, Microsoft rose 2.05%, HP rose 2.08%, Intel fell 2.68%, Bank of America fell 1.7%, Oracle Bone rose 2.33%, Apple Rose 0.54%, CSX rose 4.19%, Western Refining increased 14.81%, Morgan chase fell 1.39%, American Express increased 1.87%, standard standard chartered fell to 1.87%, MGM Resorts fell, WAL-MART fell.


The Fed's loose monetary expectations are rising, and European stocks are strong on Wednesday. The pan European Dow Jones index ended at 266.22 points, or 1.43%.

The index fell 0.3% on Tuesday.


On Wednesday, rising demand pushed oil prices up $1.34 to $83.01 a barrel, or 1.6%, and oil prices rose to $83.50 a barrel.

The Federal Reserve's loose money forecast pushed gold prices up 23.80 US dollars to 1370.50 US dollars per ounce, or 1.81%.

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economic data


At 8:30 a.m. Eastern time, data released by the US Department of labor showed that US import prices fell by 0.3% in September.

Import price increased by 0.3% in August.


Company news


LMT, a military giant, announced on Wednesday that it has agreed to sell its Enterprise Integration Group (EIG) division to private Holdings Company Veritas Capital Fund IV, which costs about $815 million in cash.


Standard Chartered will raise 3 billion 260 million euros ($5 billion 100 million) by issuing new shares to existing shareholders in order to meet new regulatory requirements for bank capital without sacrificing development opportunities in Asia and Africa.

Since 2010, the company's stock price has risen by more than 17%.


Apple's shares broke for $300 for the first time on Wednesday, thanks to the great success of iPad and iPhone sales.

In the pre trading session, the company's share price hit a record high of $301.96 and ended up at $300.14.


As credit costs continued to decline, mortgage default rates remained stable and loan losses were reduced, the net profit of JPM in the third quarter increased 23% to $4 billion 420 million, and the company's revenue fell to less than $23 billion 800 million in anticipation of Morgan.

In the same period last year, the company made a profit of 3 billion 590 million dollars and a revenue of 26 billion 600 million dollars.

The retail giant Wal-Mart Store Inc (WMT) announced on Wednesday that it will adjust the upper end of the 2011 financial year's expected capital expenditure down to 1 billion US dollars.


WAL-MART said that the new capital expenditure is expected to range from US $13 billion to US $14 billion, while the estimated capital expenditure in fiscal year 2012 will be between us $13 billion 500 million and US $14 billion 500 million.

Charles, executive vice president of WAL-MART, said in a statement that HOLLEY expects the overall sales growth rate to be 4% to 6%.

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