The markets were flat earlier today ahead of the Federal Reserve policy decision, and stocks bounced back and forth between gains and losses after the announcement from the Fed to extend its asset purchase program Operation Twist.
Financials gained after the announcement, led by JP Morgan Chase (JPM) which said it has sold off most of the position which caused major losses for the bank.
Shares of Proctor and Gamble (NYSE:PG) tumbled today, after the company cut its fourth quarter earnings and revenue forecasts, citing unfavorable foreign exchange rates.
Adobe Systems (NASDAQ:ADBE) also lowered its full-year revenue outlook, as the company said demand in Europe has been weak.
More doom and gloom for Research in Motion (RIMM) as the BlackBerry maker begins layoffs as part of its restructuring plan, sending shares sharply lower today.
Walgreen (NYSE:WAG) announced it would acquire nearly half of European pharmacy giant Alliance Boots in a deal worth $6.7 billion.
Tomorrow, we'll take a look at the numbers for weekly jobless claims as well as earnings from ConAgra (NYSE:CAG) and Rite Aid (NYSE:RAD).
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
ValueForum has meant the difference between mediocre
Launch related slideshow:
Friday 5/17 Insider Buying Report: CONE, ERII
Friday 5/17 Insider Buying Report: WFR, VSTM
Thursday 5/16 Insider Buying Report: SIX, MRIN
Daily Wrap: May 17, 2013
Donaldson Shares Slip On Lowered Guidance
Daily Wrap: May 16, 2013
Analyst Moves: AMAT, ARUN, DE
Analyst Moves: NOC, GM, GILD
Analyst Moves: WSM, LTD, ADSK
Friday Sector Leaders: Education & Training Services, Auto Parts
Friday Sector Laggards: Precious Metals, Rental, Royalty Trusts
Thursday Sector Leaders: Shipping, Education & Training Services
Friday's ETF with Unusual Volume: IYK
Friday's ETF Movers: PSCM, PSAU
HYG, RUSS: Big ETF Outflows
Daily Dividend Report: AET, DV, RWT, BGS, WMB
Daily Dividend Report: SYY, VTR, HIG, ESS, XEC
Daily Dividend Report: COH, STT, WDC, KSS, DPS
Initial Jobless Claims Jump by 32k
Jobless Claims Fall to Five Year Low
Hiring Picture Improves In April
Weekly Market Wrap: May 17, 2013
Weekly Market Wrap: May 10, 2013
Weekly Market Wrap: May 3, 2013
Week Ahead Market Report: May 13, 2013
Week Ahead Market Report: May 6, 2013
Week Ahead Market Report: April 29, 2013