Stocks waver amid valuation worry and bank earnings
Each reading came in ahead of Wall Street forecasts. The firm saw a drop in revenue in its fixed-income, currencies, and commodities trading revenue, but that decline was not out of line with industry peers. Goldman saw improvement in its investment-banking and lending divisions. Johnson & Johnson (JNJ) reported strong second-quarter results that exceeded both Morningstar analysts’ and consensus expectations largely because of stronger-than-expected pharmaceutical sales. In particular, sales of hepatitis C drug Olysio significantly outperformed expectations.
View photo An electronic board displaying movements in major indices is seen at Johannesburg stock exchange in Sandton JOHANNESBURG (Reuters) – South African stocks hit record highs on Wednesday, with index heavyweights such as FirstRand gaining after investor confidence was bolstered by expectations the United States will continue with its massive stimulus programme. But the advances were limited by concerns equities are overpriced after a series of record finishes this year. Investors were also looking ahead to South Africa’s central bank policy decision on Thursday. U.S. Federal Reserve Chair Janet Yellen on Tuesday signalled the Fed will keep monetary policy loose until hiring and wage data improve.
South Africa stocks at record high, but valuations a concern – Yahoo News
A link has been sent. Done US stocks slip as investors digest earnings By The Associated Press 3 hours ago 0 shares . View photo FILE – In http://www.todayhotstocks.com this Feb. 10, 2011 file photo, American flags fly in front of the New York Stock Exchange, in New York.
US stocks slip as investors digest earnings – Yahoo News
On the New York Mercantile Exchange, oil futures fell below $100 a barrel for the first time since the middle of May, losing 95 cents to settle at $99.96 a barrel. Gold futures erased initial gains, dropping $9.60, or 0.7 percent, to finish at $1,297.10 an ounce. Read More The reason Yellen’s comments sent gold lower The dollar edged higher against the currencies of major U.S. trading partners; the 10-year Treasury yield used to figure mortgage rates and other consumer loans fell a basis point to 2.542 percent.