TradingMarkets 7 Stocks You Need to Know for Friday
American household net worth increasing by $2 trillion dollars in the second quarter was not enough to counteract the selling pressure in the stock market today. Disturbing news of a labor report signaling that the recovery may be slower than initially forecast triggered the selling. Worse than expected earning results from Oracle and Federal Express did its part to help the bears. The DJIA slipped 7.79, the tech heavy Nasdaq dipped 6.40 and the broad based S&P 500 fell 3.27.
Here are 7 stocks you need to know for Friday.
Rating agencies Moody’s
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PowerRating), Standard & Poor’s McGraw-Hill Companies
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PowerRating) and Fitch Ratings have come under fire from the SEC who is currently discussing stronger disclosure requirements due to their giving junk assets strong ratings.
After the NYSE Euronext
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PowerRating), Nasdaq OMX
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PowerRating) and BATS Global
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PowerRating) voluntarily stopped using flash orders last month, the SEC is considering a complete ban to stop their use by such firms as Direct Edge Holdings LLC.
Good news from the parent of American Airlines AMR Corp
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PowerRating) that they raised $2.9 billion dollars in cash and plan on expanding helped ease the downward pressure.
Palm Inc
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PowerRating) beat earnings estimates and is planning an aggressive stock offering.
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