Markets / Commentaries
The Federal Reserve Holds The Line On Interest Rates, But Sees Some Selective Pickup In The Economy
Harvey S. Katz | 07/27/2016
The two-day Federal Open Market Committee meeting concluded a little earlier this afternoon, with the central bank providing no surprises of note with its decision to leave short-term interest rates unchanged, within a range of 0.25% to 0.50%. The stock market, off slightly before the Fed decision and accompanying rate statement, improved slightly in the first few minutes of trading, but, in general, set off few buy or sell programs initially.
Stocks / HighlightsDow 30 Earnings: Coca-Cola Second Quarter 2016
Robert M. Greene | 07/27/2016
Beverage giant Coca-Cola failed to impress investors with its June-quarter results. Coke shares have been solid performers throughout most of 2016, but support faltered noticeably after the company reported its fifth-consecutive negative earnings comparison.
Stocks / HighlightsDow 30 Earnings: Apple Inc. Third Quarter Fiscal 2016
Justin Hellman | 07/27/2016
Apple shares, which have become a major battleground between Wall Street's bulls and bears, rebounded sharply, past the $100 mark, after the technology heavyweight posted better-than-anticipated results for the third quarter of fiscal 2016 (year ends September 24th) and issued upbeat near-term guidance.
Stocks / HighlightsDow 30 Earnings: Boeing Second Quarter 2016
Ian Gendler | 07/27/2016
Dow-30 component The Boeing Company (BA) has reported solid June-quarter financial results. Revenues at the world's largest aerospace/defense company were $24.8 billion, which was 1% higher than the year-earlier figure. On a GAAP basis, the bottom line was a deficit of $0.44, but that included a couple of sizable, one-time charges that we have excluded from our financial presentation.
Markets / CommentariesStock Market Today: July 27, 2016
Harvey S. Katz and Simon E. Shnayder | 07/27/2016
Stocks ended the day mixed, with the Dow Jones Industrial Average down one point, the NASDAQ up 30 points, and the S&P 500 down three points. The advance/decline ratio was roughly even on the NYSE, as advancing stocks mostly matched declining issues.
Markets / CommentariesConsumer Confidence Outperforms in July; New Home Sales Strengthen In June
Harvey S. Katz | 07/26/2016
Good news continues to flow in about the nation's economy. On point, just days after we received upbeat tidings on housing starts, sales of existing homes, and the leading indicators, the Conference Board and the Commerce Department released upbeat figures on consumer confidence and sales of new homes, respectively.
Stocks / HighlightsDow 30 Earnings: Verizon Communications Second Quarter 2016
Kenneth A. Nugent | 07/26/2016
Verizon stock dipped slightly after the telecom giant and Dow-30 component reported disappointing second-quarter financial results.
Stocks / HighlightsDow 30 Earnings: 3M Company Second Quarter 2016
Andre Costanza | 07/26/2016
Diversified products maker 3M's second-quarter results did not live up to expectations. Share earnings came in at $2.08, 3% better than the year-earlier tally, but a couple of pennies shy of our estimate, despite an aggressive stock-buyback program.
Stocks / HighlightsDow 30 Earnings: McDonalds Corporation Second Quarter 2016
Matthew E. Spencer | 07/26/2016
Shares of McDonalds (MCD) fell after the restaurant operator released second-quarter results that did not live up to expectations. While the interim marked the fourth-consecutive quarter of positive comps, management noted a “challenging environment in several key markets.