More Earnings Today, House Hearing on Regulation
European stocks are up today, after the French government announced it would provide $14 billion in loans to banks there to stabilize them. France's CAC index is up more than 3 percent so far, while London's FTSE is up one percent and the DJ Stoxx index is up just under one percent. In Asia, stocks are more mixed, with Japan's Nikkei up 3.3 percent and Hong Kong's Hang Seng down 1.8 percent.
So maybe yesterday's market news in the U.S. was more the exception than the rule. Stocks headed north at the opening bell and, for the most part, continued steadily on that course throughout the day, ending with the Dow closing up 5 percent. The rule of late has been volatility, with the markets swinging dramatically into positive and negative territory in the same trading day and spooking the average investor. Today's story by Renae Merle explains the wild swings that we've been seeing over the past several weeks and what that might mean going forward.
Today, the earnings reports continue to appear. It's the technology sector's turn today, with Yahoo and Apple reporting, as well as United Airlines' parent UAL Corp. and Lockheed Martin.
This morning, we'll be covering the House Financial Services committee hearing, which begins at 10 am, and will examine regulation needed in light of the current financial crisis. Stay tuned.
The comments to this entry are closed.