After news of a slow-paced recovery in the U.S., stocks pared earlier gains but major U.S. indices held on to close with modest gains for the session.
Economic Reports:
- Fed's Beige Book for the month of September - Full story;
- Consumer Credit shows a decrease of $3.6 billion in the month of July, down from a revised $1.0 billion decrease the prior month - Full story.
Ciena Corp. reports a 3rd-qtr net loss of $1.18/share, down from a loss of $0.29/share in the same qtr last year - Full story.
Jackson Hewitt Tax Service Inc. reports a fiscal 1st-qtr net loss of $0.67/diluted share, improved from a loss of $0.76/share in the same period last year - Full story.
Navistar International Corp. reports 3rd-qtr net income of $1.83/diluted share, solidly up from a net loss of $0.16/share in the year ago period - Full story.
The Pep Boys - Manny, Moe & Jack reports fiscal 2nd-qtr earnings of $0.20/share, up from $0.15/share in the year ago qtr - Full story.
Smithfield Foods, Inc. reports fiscal 1st-qtr net income of $0.46/diluted share, improved from a loss of $0.75/share in the prior year period - Full story.
Phillips-Van Heusen Corp. reports a fiscal 2nd-qtr net loss of $0.83/share, down from income of $0.51/share in the same qtr last year - Full story.
The Talbots, Inc. reports fiscal 2nd-qtr income of $0.01/share, up from a loss of $0.38/share in the same period last year - Full story.
United Natural Foods, Inc. reports fiscal 4th-qtr net income of $0.40/diluted share, up from $0.36/share in the year ago period - Full story.
BP PLC reports that multiple companies and work teams contributed to the massive oil spill in the Gulf of Mexico - Full story.
Bristol-Myers Squibb Co. has agreed to acquire biotechnology partner ZymoGenetics Inc. for approximately $885 million - Full story.
Hewlett-Packard Co. is suing former CEO Mark Hurd in order to prevent him from taking a top job at rival Oracle Corp. - Full story.
Major world markets posted mostly lower results for Wednesday. Frankfurt's DAX closed up 0.76% and Paris' CAC finished up 0.92%, Japan's Nikkei 225 was down 2.18%, Hong Kong's
Hang Seng closed down 1.46%, and Sydney's All Ordinaries Index finished down 0.75%.
Economic Calendar:
Thurs: Initial Jobless Claims and Trade Balance;
Fri: Wholesale Inventories.
Aaron Jacobs - News Editor
Macro*World Research
aaron.jacobs@mworld.com
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Market Overview (09/08/2010 04:02 PM ET)| Trading Volume(mil): | | NASDAQ: 2,049 | | NYSE: 880 |
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Key Indicators
World Markets
| Amsterdam EOE | 331.43 | +3.67 | Wed 12:03 | | Brazil Bovespa | 66,407.28 | -340.02 | Wed 16:13 | | Frankfurt DAX | 6,164.44 | +46.55 | Wed 11:45 | | Hang Seng | 21,088.86 | -312.93 | Wed 04:01 | | Madrid General | 1,092.67 | +10.64 | Wed 11:36 | | Mexican IPC | 32,409.60 | -38.80 | Wed 16:00 | | Nikkei Dow | 9,024.60 | -201.40 | Wed 02:28 | | Paris CAC 40 | 3,677.21 | +33.40 | Wed 12:13 | | Seoul Composite | 1,779.22 | -8.52 | Wed 05:03 | | Shanghai Composite | 2,695.29 | -3.07 | Wed 07:37 | | Stockholm General | 331.17 | +3.24 | Wed 12:43 | | Swiss Zurich | 6,386.95 | +26.75 | Wed 11:31 | | Sydney All Ord | 4,578.30 | -34.70 | Wed 02:37 | | Toronto Exchg | 12,042.26 | -59.72 | Wed 16:31 |
U.S. Treasury Rates
Securities In Bulletin
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