Investors are dismayed by weak outlooks from Chevron and Alcoa. Costco and Yum results cheer, and Wal-Mart cites strong back-to-school sales. 3rd-quarter PC sales slump. In a modestly improving economy, the Fed sees new housing activity.
Worries about the global economy and Europe keep stocks in check. FedEx cuts its guidance. Apple reaches $702; Google nearly reaches $719. Crude oil drops; so do retail gas prices. Homebuilders are increasingly optimistic.
The Dow falls 104 in its third straight day of triple-digit losses as earnings season continues to disapppoint. Apple earnings miss Street estimates. AT&T sees lower iPhone sales. UPS says international business is softening.
The week ahead starts with Apple's plans on what to do with its cash. It features earnings from Oracle, Nike, Lululemon, FedEx, Tiffany and General Mills. A host of housing reports may give stocks a push. Watch interest rates and oil prices.
The package carrier is a leading indicator as investor focus returns to the domestic economy in the week ahead. Europe won't go away. The Fed will acknowledge a stronger economy. Best Buy, Joy Global, and Research In Motion report quarterly results.
An early decline gives way to decent gains as traders shrug off worries about Europe and higher Chinese interest rates. The ISM non-manufacturing index slips. Oil moves lower; transports flirt with record highs. Netflix gets a downgrade.
Important earnings are due from Best Buy, FedEx, General Mills, Oracle and Research In Motion. The Fed will weigh in on the economy's health in a week of big economic reports.
Bargain-hunting boosts shares after investor worries about European financial woes drive markets lower. Retailers see a strong weekend of holiday sales.
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