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Stocks falling after consumer spending slides
Jul 16th, 2012
Stocks slipped Monday morning on Wall Street after a disappointing report on retail spending suggested that U.S. consumers may once again be heading for shelter. (Source: Associated Press) -
By Ian Chua SYDNEY (Reuters) - Asian stocks rose on Wednesday following a positive lead from Wall Street with Japan's Nikkei reaching a 5-1/2 year high, while the yen took a defensive stance ahead of the outcome of the Bank of Japan's (BOJ) policy meeting. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 percent, r... [Full Article]
NEW YORK (Reuters) - Consumer sentiment rebounded in early May to the highest level in nearly six years as Americans felt better about their financial and economic prospects, particularly among upper-income households, a survey released on Friday showed. The Thomson Reuters/University of Michigan's preliminary reading on the overall index on c... [Full Article]
NEW YORK (AP) - Technology companies led the stock market higher Monday, pushing the Standard & Poor's 500 index back up to the record high it reached earlier this month. (Source: Associated Press)... [Full Article]
SAN FRANCISCO (Reuters) - Dell Inc, the subject of a takeover battle between activist investor Carl Icahn and the company's billionaire founder, reported a 79 percent slide in profit as personal computer sales continue to shrink. Revenue in its fiscal first quarter ended May 3 fell to $14.1 billion, while net income fell to $130 million, Dell ... [Full Article]
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