| Mid-Day Recap: Stocks Off the Lows of the Day
October 16, 2009 at 2:27 pm
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| Equities opened lower this morning following disappointing earnings results from Bank of America, and losses were extended 25 minutes into the session when it was reported that consumer sentiment took a dip in the first two weeks of October, suggesting retail sales in the holiday period could be weaker than forecasts assumed. After being down more than 1.00% in the lunch hour, stocks are making a small comeback from the lows of the day. As of 2:00pm, the S&P 500 is down 0.82% to 1,087, the NASDAQ is down 0.65% to 2,159, and the Dow is trading 0.69% lower at 9,993. On Wednesday and Thursday the Dow closed above 10,000 for the first time in a year. ...(read more) |
| The Day Ahead: Stocks Dip on Earnings, Much Data Ahead
October 16, 2009 at 8:19 am
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| US equities are looking to open lower after an earnings report from Bank of America missed the mark this morning. On the week the S&P 500 remains up 2.8%. Bank of America, the nation's largest lender, showed a Q3 loss per share of $0.26, against calls for a $0.21 shortfall. Revenue was $26.04 billion, compared to the Street's$ 27.65 billion forecast....(read more) | | | 
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