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Closing Bell: Earnings keep swine scares in check (BAC, GSK, HUM, EWW, QCOM, WFMI)

Posted Apr 27th 2009 4:10PM by Jon Ogg (RSS feed)
Filed under: General Motors (GM), Bank of America (BAC), Whole Foods Market (WFMI), QUALCOMM Inc (QCOM)

Today was just a weird day as we sold off, but marginally compared to elsewhere. Parts of Asia and Europe, as well as Latin America, saw their equity markets hit hard over fears of a pandemic swine flu outbreak. Many traders feel this is a notion that will pass as a footnote rather than as a catastrophe, and this was a very light day for data. Sheila Bair at FDIC did manage to call the bank liquidity crisis over.

Here are today's unofficial closing bell levels:

Dow 8,025.00 -51.29 (-0.64%)
S&P 500 857.51 -8.72 (-1.01%)
Nasdaq 1,679.41 -14.88 (-0.88%)

Top Analyst Upgrades
Top Analyst Downgrades

Continue reading Closing Bell: Earnings keep swine scares in check (BAC, GSK, HUM, EWW, QCOM, WFMI)

Hey Barack: People start companies in order to profit

Posted Feb 25th 2008 4:31PM by Aaron Katsman (RSS feed)
Filed under: Mexico, Entrepreneurs, Politics, Presidential elections

In an attempt to explain his position regarding trade, Democratic presidential front-runner Barack Obama said that he did not oppose free trade, despite making increasingly critical comments about multilateral deals such as NAFTA.

Asked how other countries should interpret his position, Obama responded that he supported free trade but wanted it to be fair.

"What the world should interpret is my consistent position, which is I believe in trade," he said after meeting with workers at a manufacturing plant in Ohio.

"I just want to make sure that the rules of the road apply to everybody and they are fair and that they reflect the interests of workers and not just corporate profits."

Well why, Senator Obama, do companies want to engage in trade? The answer is because both sides feel that they can gain from the deal. Corporations engage in trade to profit. Period. Entrepreneurs start companies because they think they can make a buck. On the other side, poorer countries want to trade to help create wealth.

Continue reading Hey Barack: People start companies in order to profit

Symbol Lookup
IndexesChangePrice
DJIA+30.6910,464.40
NASDAQ+6.872,176.05
S&P 500+4.981,110.63

Last updated: November 26, 2009: 06:40 AM

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