Stocks Fall, ECB Injects $500B
U.S. stocks are slightly lower, adding further losses to what was already the biggest two-day decline in more than a month. The ECB injected more than $500 billion into the banking system in an effort to ease problems in the credit market. The BoE offered $20 billion to U.K. based banks.
Goldman Sachs
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PowerRating) reported a rise in Q4 profit which beat estimates (read more).
Best Buy
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PowerRating) reported Q3 earnings that also beat expectations, and raised its full-year outlook (read more).
Shares of Adobe Systems
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PowerRating) are trading higher after the company reported higher Q4 profit, raised Q1 guidance, and approved the buyback of an additional 30 million shares (read more).
Crude oil is up almost 1%, currently trading at $91.46 per barrel.
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