Stocks continue to cling to modest gains in afternoon trading, in what has been a largely volatile session.
Economic Reports: No reports today.
Hewlett-Packard Co. reports fiscal 3rd-qtr earnings of $0.80/share, up from $0.66/share in the same qtr last year - Full story.
BJ's Wholesale reports 2nd-qtr earnings of $0.61/share, up from $0.55/share in the year ago period - Full story.
Ross Stores, Inc. reports 2nd-qtr net earnings of $0.54/share, up from $0.37/share in the same period last year - Full story.
The Mortgage Bankers Association reports that mortgage application volume has fallen to its lowest level in nearly eight years - Full story.
Oil prices have pared earlier gains after the government reported a massive 9.4 million barrel increase in crude stockpiles - Full story.
Major overseas markets have posted mostly higher results for Wednesday. London's FTSE was up 0.97%, Frankfurt's DAX closed up 0.56%, and Paris' CAC finished up 0.76%. Japan's Nikkei was down 0.10%, Hong Kong's Hang Seng closed up 2.18%, and
Sydney's All Ordinaries Index finished up 1.36%.
Economic Calendar:
Thurs: Initial Jobless Claims, Leading Indicators, and Philadelphia Fed;
Fri: No Reports Today.
Aaron Jacobs - News Editor
aaron.jacobs@mworld.com
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| | Market Overview (08/20/2008 01:37 PM ET) | | Trading Volume(mil): | | NYSE: 561 | | NASDAQ: 1054 |
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| | Key Indicators | | | World Markets: | | Amsterdam EOE | 402.6 | +3.8 | Wed 11:55 | | Brazil Bovespa | 54,749.0 | +1,110.3 | Wed 13:20 | | Frankfurt DAX | 6,317.8 | +35.4 | Wed 11:45 | | FTSE™ 100 | 5,371.8 | +51.4 | Wed 11:35 | | Hang Seng | 20,931.3 | +446.9 | Wed 05:37 | | Madrid General | 1,223.9 | +3.4 | Wed 11:30 | | Mexican IPC | 26,888.9 | +156.8 | Wed 13:27 | | Milan Stock Exchange | 21,659.0 | -71.0 | Wed 11:40 | | Nikkei Dow | 12,851.7 | -13.4 | Wed 02:45 | | Paris CAC 40 | 4,365.9 | +33.1 | Wed 12:10 | | Seoul Composite | 1,540.7 | -0.7 | Wed 03:21 | | Shanghai Composite | 2,523.3 | +178.8 | Wed 03:00 | | Stockholm General | 272.3 | +1.1 | Wed 11:46 | | Straits Times | 2,751.8 | +23.4 | Wed 05:10 | | Swiss Zurich | 7,100.0 | -15.2 | Wed 11:31 | | Sydney All Ord | 4,997.5 | +67.1 | Wed 02:46 | | Toronto Exchg | 13,275.0 | +212.0 | Wed 13:20 |
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