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UPDATE: Wells Fargo released their earnings yesterday, October 21st. The Wall Street Journal commented on Wells’ earnings by writing, Wells Fargo Leads Stocks Into The Red : Wells Fargo led stocks lower after a bearish analyst note triggered a selloff that took down J.P. Morgan Chase and other financial shares. The Dow Jones Industrial Average closed down 92.12 points, or 0.9%, to 9949.36, marking its second decline in a row. J.P. Morgan and Bank of America were two of its weaker compon

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Products like Apple’s iPhone have lifted the company’s quarterly profit and beat Wall Street’s forecasts. Andrew Torgan CNN Financial News Producer Stocks on Wall Street struggled amid a deluge of corporate earnings reports. More than a third of the companies that trade on the Dow Jones Industrial Average are reporting this week. Today we heard from Caterpillar, Coca-Cola, Pfizer, DuPont and United Technologies. And in the tech sector, we got solid results from Apple and Texas

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With buyers back in action, US stocks rose to their fresh one-year highs and remained near their high points as optimism grew that an economic recovery, helped by solid third-quarter earnings reports and increased M&A; activity, is on cards. The Dow Jones industrial average rose 96.28 points, or 0.96%, to close at 10,092.19. The broader S&P; 500 index jumped 10.23 points, or 0.94%, to 1,097.91 and the tech-heavy Nasdaq climbed 19.52 points, or 0.91%, to 2,176.32, its highest point si

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NEW YORK – The nation was focused on a tropical storm spinning off the Carolinas and a hurricane headed for Florida. People were gaming out how a political novice named Sarah Palin might upend the presidential campaign. The Dow Jones industrial average closed at 11,220 on Sept. 5, the Friday after Labor Day last year. There was an economic slowdown under way — no one doubted that. Whether it amounted to a bona fide recession was semantics, a question for economists. But on Sunday morning, the fe

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NEW YORK (Dow Jones)–Shares of Moody’s Corp . (MCO) and McGraw-Hill Cos. (MHP) remain under a cloud after bad news this week, though analysts say they see the slide as a buying opportunity. The shares’ decline comes after an unfavorable court ruling this week versus the companies’ ratings agencies and Warren Buffett ’s Berkshire Hathaway Inc. (BRKA) pared its stake in Moody’s for the second time in as many months. We all know how important the Apple Store’s décor is to the shoppin

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U.S. stocks traded Mixed Friday as the Dow Jones Industrial Average slipped 40 points to 9540, the Standard & Poor’s 500 fell 2.26 points to 1029 but the Nasdaq Composite rose 3.2 points to 2031.Netezza Corp.’s (NYSE:NZ, $9.85, +$0.85, 9.44%) fiscal second-quarter profit dropped 77% as product sales fell for the maker of data-warehouse appliances, though it said a new product has high potential and the market was getting less cloudy. The9 Ltd. (NASDAQ:NCTY, $8.25, -$0.88, -9.64%) swung to a seco

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“Goodbye safe havens, hello risky assets” seemed to be the theme during the past week as investors placed their bets on a global economic recovery, propelling stocks and other risky assets higher amid better-than-expected earnings reports and tentative signs of stabilization in the US job and housing markets. 26-07-09-01 Source: Jerry Holbert, Comics.com, July 23, 2009. Not only did the Dow Jones Industrial Index on Thursday breach 9,000 for the first time since January and the Nasdaq Comp

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