Panic Defused in Stocks With Sharpest VIX Drop Since 2009

Posted by Forexsq 2 days ago (
img Four consecutive advances in the Standard & Poor’s 500 Index (SPX) have pushed the gauge up 4.2 percent since Oct. 15, recouping half the losses from a selloff that began in mid-September. After surging to a 28-month high last week, the Chicago Board Options Exchange Volatility Index (VIX) has fallen at least a point a day starting Oct. 16, reflecting a dissipation of investor concern that hasn’t

Wall Street rallies on Caterpillar, 3M results

Posted by Forexsq 1 day 8 hours ago (
img U.S. stocks jumped 1 percent on Thursday as a number of strong results, including from a pair of Dow components, reassured investors that corporations continued to fare well despite concerns about global economic growth.

Shares of both Caterpillar Inc (CAT.N) and 3M Co (MMM.N) rose following their results, with heavy machinery maker Caterpillar also raising its full-year profit view. Caterpill

Stocks Rally After 3M, Caterpillar Profits Beat Estimates

Posted by Forexsq 1 day 8 hours ago (
img U.S. stocks jumped, recovering from yesterday’s retreat, as earnings from Caterpillar (CAT) Inc. to 3M Co. exceeded analysts’ estimates and data signaled stronger growth in the European economy.

Caterpillar, the largest construction equipment maker, added 4.4 percent after raising its full-year earnings forecast amid higher sales of construction machinery in North America. 3M Co. climbed 5.5 p

Wall St. little changed as Microsoft offsets Amazon

Posted by Forexsq 7 hours ago (
img U.S. stocks were little changed on Friday, as disappointing earnings from Amazon were offset by gains in Microsoft after its quarterly results.

Amazon (AMZN.O) plunged 7.3 percent to $290.45 as the biggest drag on both the S&P 500 and Nasdaq 100 .NDX after the online retailer's sales projections for the crucial holiday quarter disappointed Wall Street and third-quarter results missed forecasts

U.S. Stocks Extend Rally on Earnings; Dollar Declines

Posted by Forexsq 7 hours ago (
img The Standard & Poor’s 500 Index extended its best weekly rally since January 2013 amid better-than-estimated corporate results. The dollar weakened after a doctor in New York tested positive for Ebola and oil sank.

The S&P 500 gained 0.3 percent at 11:36 a.m. in New York, extending its gain this week to 3.7 percent. The Stoxx Europe 600 Index lost 0.3 percent. Brazil’s Ibovespa Index surged 3.

Amazon CEO Bezos Faces Season of Worsts as Losses Mount

Posted by Forexsq 7 hours ago (
img For Inc. (AMZN) Chief Executive Officer Jeff Bezos, it’s turning into a season of worsts.

As Amazon heads into the lucrative end-of-year shopping period, the company yesterday posted its biggest quarterly net loss since at least 2003, according to data compiled by Bloomberg. It also forecast sales and profit for the fourth quarter that missed analysts’ projections. That puts Amazon

S&P 500 Fluctuates as Yahoo Climbs on Sales; Biogen Sinks

Posted by Forexsq 2 days ago (
img U.S. stocks fluctuated after the Standard & Poor’s 500 Index rose the most in a year yesterday, companies reported better-than-estimated results and data showed inflation remains tame.

Yahoo! Inc. added 5.9 percent after third-quarter sales topped estimates. Broadcom Corp., a maker of communications chips, jumped 6.2 percent after reporting earnings that beat analysts’ estimates and giving a f

S&P 500 Climbs for 4th Day on Stimulus Signs, Earnings

Posted by Forexsq 3 days ago (
img U.S. stocks rose for a fourth day as investors speculated the European Central Bank will boost economic stimulus and companies from Apple Inc. (AAPL) to Travelers Cos. reported earnings.

The Standard & Poor’s 500 Index rose 0.6 percent to 1,916.05 at 9:31 a.m. in New York. The Dow Jones Industrial Average climbed 58.31 points, or 0.4 percent, to 16,457.98. The Nasdaq Composite Index was up 1 p

Yahoo profit soars following the Alibaba IPO

Posted by Forexsq 2 days ago (
img Yahoo can't hide behind Alibaba anymore.

The Web giant's profit soared in the third quarter, after earning $6.3 billion from selling part of its stake in Alibaba (BABA, Tech30), the Chinese e-commerce giant. Alibaba debuted last month on the New York Stock Exchange in the largest IPO in Wall Street history.

Yahoo (YHOO, Tech30), whose stock had been buoyed by the pre-IPO hype, has already c

McDonald’s profit falls 30% on U.S., China woes

Posted by Forexsq 3 days ago (
img McDonald’s Corp. said its third-quarter earnings fell a worse-than-expected 30% as the fast-food giant continues to struggle in the U.S. and other parts of the world.

“McDonald’s third-quarter results reflect a significant decline versus a year ago, with our business and financial performance pressured by a variety of factors--from a higher effective tax rate, to unusual events in the operatin

European Stocks Decline After Four-Week Rout as SAP Drops

Posted by Forexsq 4 days ago (
img European stocks fell, following their longest streak of weekly losses in more than a year, as worse-than-estimated financial results added to concerns over the region’s economic recovery.

SAP SE lost 4.2 percent after the world’s largest supplier of business-management software cut its full-year earnings forecast. Royal Philips NV declined 4.1 percent after third-quarter sales and profit misse

Most U.S. Stocks Advance as Apple Overshadows IBM

Posted by Forexsq 4 days ago (
img Most U.S. stocks rose as gains in Apple Inc. (AAPL) and consumer companies overshadowed International Business Machines Corp.’s plunge after withdrawing its profit forecast.

Apple Inc. advanced 1.7 percent before reporting quarterly results after markets close today. Consumer stocks including Hasbro Inc., Lennar Corp. and Netflix Inc. climbed more than 2.6 percent. IBM (IBM), the second-bigges

U.S. stocks rally; GE rises on earnings beat

Posted by Forexsq 7 days ago (
img U.S. stocks rallied on Friday, recovering some of the deep losses of the roller-coaster week, which had been colored by concerns about global growth and the spread of Ebola.

The main benchmarks were boosted by upbeat earnings reports from heavyweights, such as General Electric, Honeywell and Morgan Stanley.

S&P edges higher but IBM results drag Dow

Posted by Forexsq 4 days ago (
img U.S. stocks were mixed on Monday, with the S&P 500 and Nasdaq posting modest gains, but the Dow falling as quarterly results from IBM disappointed.

IBM (IBM.N) shares slumped 7.3 percent to $168.69 as the biggest drag on both the Dow and S&P 500 after the company's third-quarter earnings fell well short of Wall Street expectations. IBM had earlier said it would pay Globalfoundries $1.5 billion

Stocks turn mostly positive; Dow still in the red

Posted by Forexsq 4 days ago (
img U.S. stocks turned mostly positive in early trading Monday after starting out largely in the red. The S&P 500 SPX, +0.31% rose 0.2%, the tech-heavy Nasdaq COMP, +0.62% gained 0.4% and the small-cap Russell 2000 RUT, +0.65% rose 0.6%, as each index climbed out of negative territory. The Dow industrials DJIA, -0.26% remained lower, losing 64 points as it was hurt by IBM's IBM, -6.76% 7% loss after

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