Massive Rally Stalls
After the biggest two-day rally in more than five years, stocks are modestly higher despite mixed economic news and a jump in oil prices.
U.S. home prices fell for the first time in 13-years during the third quarter (full story).
E*Trade Financial
(
ETFC |
Quote |
Chart |
News |
PowerRating) received a $2.55 billion cash injection from Citadel Investment Group.
Q2 net income rose 19% at H.J. Heinz
(
HNZ |
Quote |
Chart |
News |
PowerRating).
Sears Holdings
(
SHLD |
Quote |
Chart |
News |
PowerRating) is down sharply after missing earnings estimates.
VimpelCom
(
VIP |
Quote |
Chart |
News |
PowerRating) reported profit rose 71%, on revenue up 44% (read more).
Canada’s Toronto-Dominion Bank reported a 43% rise in Q4 profit (read more).
Staying in Canada, the Montreal Exchange is in negotiations with the TSX Group, operator of the Toronto Stock Exchange, about a possible merger (full story).
| Market Snapshot | ||||||||||||||||||||||||||||||||||||||||||||
|
|
Strongest/Weakest Industry Groups |
||||||||||||||||
|
Economic News |
|
|