First to our lead. In other wild ride in the markets for u. S. Markets erasing gains made earlier in the day. Tech stocks faring better than the rest. Straight to matt miller for the latest action at the close. Apple, netflix, facebook, amazon, best buy, these were the addingners on the s p fractions of index points at the close. We were up 3 on the s p after the huge drops weve seen in the last five trading days in the stocks out rally after the close. Old Economy Companies like gm, merck, johnson johnson, those companies along with microsoft, which some would think it is an old economy as well, way down on the embe index. Now we are in in a situation where today is the sixth trading day. The Dow Jones Industrial average was up 540 points. Slowly chipped away at that gain until we finished down at a loss of 200. It is anybodys guess as to what happens tomorrow. Maybe they think we are too pricey. We would have to wait and see how asia opens up tomorrow night. We will be watching that.
Another wild ride in the markets erasing gains made earlier in , the day. Tech stocks faring better than the rest. Straight to matt miller for the latest action at the close. Break it down. Matt apple, netflix, facebook, amazon, best buy, these were the big winners on the s p adding index points, or fractions of index points at the close. We were up almost 3 on the s p after the huge drops weve seen in the last five trading days in the tech stocks helped rally after the close. Old Economy Companies like gm, merck, johnson johnson, those companies along with microsoft, which some would think it is an old economy as well, way down on the index. Brought us to a loss of 1. 3 at the end of the day. Now we are in in a situation where today is the sixth trading day. Innovaro for drops. The Dow Jones Industrial average was up 540 points. Slowly chipped away at that gain until we finished down at a loss of 200. It is anybodys guess as to what happens tomorrow. Maybe they think we are too pricey
Markets for u. S. Markets erasing gains made earlier in the day. Tech stocks faring better than the rest. Straight to matt miller for the latest action at the close. Matt apple, netflix, facebook, amazon, best buy, these were the big winners on the s p adding fractions of index points at the close. Close. We were up 3 on the s p after the huge drops weve seen in the last five trading days in the tech stocks out rally after the close. Old Economy Companies like gm, merck, johnson johnson, those companies along with microsoft, which some would think it is an old economy as well, way down on the index. [inaudible] [no audio] we were up 3 on the s p after the huge drops weve seen in the last five trading days in the tech stocks out rally after the close. Old Economy Companies like gm, merck, johnson johnson, those companies along with microsoft, which some would think it is an old economy as well, way down on the index. Now we are in in a situation where today is the sixth trading day. The
In talks about a possible takeover. Almosta market value of 23 billion. It is earning season. The first major bank to report is wells fargo. They just read Just Announced their results. Ending a streak of rising earningspershare. It was 1. 01. Another number we are keeping a close eye. 21. 1 billion in revenue for the quarter. That is higher than what analysts were looking for which 20in the neighborhood of billion. That is a number you want to keep an eye on. That revenue number to give you how American Companies are doing in the second quarter. In terms of cost cutting, efficiency ratio is something we are keeping a close eye on. His way of managing its expenses. Wells fargo did not do as well as they had planned. Annis were looking at an improvement. Basically one percentage point. There was no improvement. A number analysts will continue to look for. This is his most Capital Markets look at that efficiency rating to go down more. Wells fargo reports a 500 million room reserve early