The US markets rebounded on the first trading day of the month after a sharp sell-off yesterday. While the US government has officially shut down, investors remain bullish on the overall strength of the markets. At last check, equities were higher, while gold, oil and 10-year treasury notes were all lower.
In corporate news, Walgreen (NYSE:WAG) reported fiscal fourth quarter earnings of $657 million, or 69 cents per share, as revenue climbed by 5% to $17.94 billion. Excluding one-time items and adjustments, the company would have earned 73 cents per share in the quarter, topping Wall Street estimates by a penny. And Campbell Soup (NYSE:CPB) announced it is selling its European simple meal operations to private equity firm CVC Capital Partners for approximately $542 million. The deal includes all of the major national brands for soups, sauces and other simple meals across France, Germany, Belgium and Sweden.
After the bell today, investors will have earnings reports from Global Payments (NYSE:GPN) and tomorrow morning, investors will review reports from Monsanto (NYSE:MON) and Village Super Market (NASDAQ:VLGEA).
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