Earnings of 6. 99 a share trumped estimates by 29 cents. Revenue of 17. 7 billion. Just about in line with forecasts but was 11 higher than last year. Investors like what they saw sending shares spiking in initial after hours trading as you see right there. John fort has the one key thing in the report investors need to watch. One take away from the google earnings calls that youtube is a big star in this report. Cfo reporting that viewing time of youtube videos was up 60 year over year. Thats the best growth rate in two years. Mobile viewing time was up 100 and that helped google despite the currency headwinds that knocked revenue down 1. 1 billion. It would have been 1. 1 billion higher. That combined with expense discipline sent the stock a lot higher after hours. Guys back to you. John thank you. Upbeat earnings and progress in greece helped send the nasdaq composite to a new high. By the close the Dow Jones Industrial average was 70 points higher to finish at 18,120. Nasdaq was 64
Numbers, plus his thoughts on the minimum wage. Well see how those new oreo donuts are selling. Fbi cracking down on chinese corporate espionage. The economic bellwethers, caterpillar, 3m moving lower on the back of earnings. Caterpillar ceo was on squawk box earlier and spoke to the global head winds holding back not only the economy but his own business. For us to drive sales and drive employment we need 2. 5 to 3 . Having said that we are doing an awful lot of things internally to make sure we are strong strengthening our company for the future. Its all those things. Weve got oil price cut in half. Commodities are at their lowest for quite a few years. Global growth is slow. All those things combine for a lot of winds buffeting around right now in front of us. Joining us for reaction and how it impacts company our team. Doug isnt the only one warning about the Global Economy and actually showing the results from weakness in china, in brazil, russia and in india. Clearly, this is sha
The government trying to prevent a collapse of the countrys markets which lost nearly 30 since june. The news helping to spark a rally today. A gain of more than 3 in shanghai and shenzhen we have seen the imagine higher by nearly 5 . Keep in mind you go down 30 you have to go up a lot more than that in order to recover. Heres the greek stock exchange. Market there open for a second straight day after its five week closure. Down by only 1 today after the big pummeling it took yesterday after reopening and the u. S. Futures at this hour suggest that were going to have slightly negative open. The dow lower by 15 points and s p by 2 and nasdaq by 4. He is dismissing claims that oversupply is driving down prices and he believes the end of the broader commoditys route is in sight. Lets Check Oil Prices right now. You can see above 45, not by that much. Up by one and three quarters per cent. Its a nice gain after the sell off in recent days. Brent had gone below 50. That was the big headline
Into a head fake and selling intensified into the close. Today sbirs came out in force, snapping six days of dramatic selling. At the close the Dow Jones Industrial average soared 619 points to 16,285. The nasdaq rose 281 points. And the s p 500 rallied nearly 73 and has emerged out of correction territory. With questions about Global Growth still lingering, was wall street satisfied with that rally . The report from the new york stock exchange. It was another wild day but with a very different ending. It started like yesterday with a 300 point move in the dow at the open. Unlike yesterday, we began rallying midday and kept going. The issue yesterday was not much of a factor today. After 3 00 p. M. Yesterday, waves of orders to sell stocks at the close started hitting the floor. Very large numbers. When traders saw this sell imbalance, they sold ahead of it. That exacerbated the big selloff yesterday. That did not happen today. Sell orders at the close were relatively muted. So is this
Into a head fake and selling intensified into the close. Today sbirs came out in force, snapping six days of dramatic selling. At the close the Dow Jones Industrial average soared 619 points to 16,285. The nasdaq rose 281 points. And the s p 500 rallied nearly 73 and has emerged out of correction territory. With questions about Global Growth still lingering, was wall street satisfied with that rally . The report from the new york stock exchange. It was another wild day but with a very different ending. It started like yesterday with a 300 point move in the dow at the open. Unlike yesterday, we began rallying midday and kept going. The issue yesterday was not much of a factor today. After 3 00 p. M. Yesterday, waves of orders to sell stocks at the close started hitting the floor. Very large numbers. When traders saw this sell imbalance, they sold ahead of it. That exacerbated the big selloff yesterday. That did not happen today. Sell orders at the o close were relatively muted. So is th