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FOMC Minutes: Now for something completely different
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Tag Archives: europe
The grass is always greener in the future
Stocks lost more ground today over worries that European troubles and a slowing Chinese economy could weigh on earnings. Helping to prompt those worries was Advanced Micro Devices’ (AMD) earnings warning that its second-quarter sales fell because of lower demand from China and Europe. The chipmaker’s shares fell 11%, while the broader Philadelphia Semiconductor Index fell 2%.
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2012 mid-year outlook: Looking past the cliff
We’re halfway through 2012 and our capital markets strategists are here to share their thoughts on what we may expect over the next six months:
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Americans punch the clock on the Time Use Survey
Stocks were listless today after a pair of economic releases indicated a manufacturing slowdown in the U.S. and China.
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Crime doesn’t pay (much)
A report showing an improvement in the housing market gave stocks a boost, but concerns about Europe and a disappointing consumer confidence report kept gains modest.
The Dow advanced 32 points, well off of its highs, with 16 of its 30 components gaining ground; the S&P 500 rose 6; and the Nasdaq was higher by 17. Advancers led decliners by seven to four on the NYSE and four to three on the Nasdaq. The prices of Treasuries weakened. Gold futures fell $13.50 to close at $1,574.90 an ounce, and the price of crude oil staged a last-minute recovery, rising 15 cents to settle at $79.36 a barrel.
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