Friday, May 1, 2009

Wall Street Slipped At The Opening But Finally Rose Again (May 1, 2009)

U.S. stock market slipped at the opening due to many negative economic datas and profit taking action made by investors. But at the time this article was written, the stock market has increased again becaused of consumer sentiment's increase.

MasterCard Inc said that their first quarter earnings fell 18 percent to $367 million ($2.80 per share), whereas previosly they earned $447 million ($3.37 per share) last year. The results beat Wall Street expectations, but MasterCard said that their revenue would be lower than expected this year.

Hartford Investment Group reported its first quarter loss of around $1.21 billion($3.77 per share). The result was worse-than-expectation ($3.05 per share).

Chevron said that its first quarter earnings fell to $1.84 billion (92 cents per share), whereas previously it earned $5.17 billion ($2.48 per share) last year.

But the stock market rebounded after The Reuters/University of Michigan Surveys of Consumers said its final index of confidence climbed to 65.1 in April from 57.3 in March.

Stay alert!


Twitter Delicious Facebook Digg Stumbleupon Favorites More

Design by Free WordPress Themes | Bloggerized by Lasantha - Premium Blogger Themes | Free Samples By Mail