Stocks seesaw on earnings, mixed economic data
Stocks fluctuate amid better results from Goldman, mixed economic data
On Tuesday July 14, 2009, 3:06 pm EDT
Investors got the solid results from Goldman Sachs they had been looking for Tuesday, but found little else to calm their nerves about the fragile state of the economy.
BAC 12.91 -0.08
C 2.89 +0.11
CIT 1.54 +0.19
CSX 34.80 +2.26
DELL 11.94 -1.08
GS 148.86 -0.58
INTC 16.78 +0.30
JNJ 58.18 +0.46
JPM 34.70 -0.01
Investors were pleased that Goldman Sachs Group Inc.'s second-quarter earnings easily surpassed analysts' forecasts thanks to big gains in trading and underwriting.
Johnson & Johnson also had better-than-expected results, although its profits fell 3.5 percent.
Investors were also uneasy after a separate report showing wholesale prices rose far more than expected last month and the most since November 2007, due partly to higher energy prices. That sent Treasurys falling and their yields climbing.
6 million shares, down from 677.1 million at the same time the day before.
Goldman shares fell 52 cents to $148.92. Later this week, investors will get reports from JPMorgan Chase & Co., Bank of America Corp. and Citigroup Inc.
Railroad operator CSX Corp. said it expects shipping demand to sink by double-digits again this quarter, but not as drastically as the 21 percent decline in the second quarter. Shares jumped $2.11, or 6.5 percent, to $34.65.
The dollar fell against other major currencies, while gold prices rose.
Oil prices reversed early gains and slipped 23 cents to $59.46 a barrel on the New York Mercantile Exchange.
http://finance.yahoo.com/news/Stocks-seesaw-on-earnings-apf-879362838.html?x=0&sec=topStories&pos=1&asset=&ccode=
Stocks fluctuate amid better results from Goldman, mixed economic data
On Tuesday July 14, 2009, 3:06 pm EDT
Investors got the solid results from Goldman Sachs they had been looking for Tuesday, but found little else to calm their nerves about the fragile state of the economy.
BAC 12.91 -0.08
C 2.89 +0.11
CIT 1.54 +0.19
CSX 34.80 +2.26
DELL 11.94 -1.08
GS 148.86 -0.58
INTC 16.78 +0.30
JNJ 58.18 +0.46
JPM 34.70 -0.01
Investors were pleased that Goldman Sachs Group Inc.'s second-quarter earnings easily surpassed analysts' forecasts thanks to big gains in trading and underwriting.
Johnson & Johnson also had better-than-expected results, although its profits fell 3.5 percent.
Investors were also uneasy after a separate report showing wholesale prices rose far more than expected last month and the most since November 2007, due partly to higher energy prices. That sent Treasurys falling and their yields climbing.
6 million shares, down from 677.1 million at the same time the day before.
Goldman shares fell 52 cents to $148.92. Later this week, investors will get reports from JPMorgan Chase & Co., Bank of America Corp. and Citigroup Inc.
Railroad operator CSX Corp. said it expects shipping demand to sink by double-digits again this quarter, but not as drastically as the 21 percent decline in the second quarter. Shares jumped $2.11, or 6.5 percent, to $34.65.
The dollar fell against other major currencies, while gold prices rose.
Oil prices reversed early gains and slipped 23 cents to $59.46 a barrel on the New York Mercantile Exchange.
http://finance.yahoo.com/news/Stocks-seesaw-on-earnings-apf-879362838.html?x=0&sec=topStories&pos=1&asset=&ccode=
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