| Stocks Take a Breather After Big Rally |
| Apr-18-2012 |
| Keywords: stocks rally, corporate profit reports, spain, bond yields, german sentiment index, crude oil prices rise, obama, speculators |
The major U.S. stock indexes today take a breath after yesterday's 1.5% rally on Wall Street. Investors today continue to express concern over narrowing margins at Intel and IBM's weaker than expected quarterly sales results.
Sliding shares of technology heavyweight IBM held the blue chips solidly in the red, while the broader markets fell by a smaller margin.
Overall, market participants are beginning to question whether global central banks are going to reduce stimulus plans as the economy starts to recover and inflationary headwinds tick higher.
Minutes from the Bank of England showed that only one individual on the central bank's policy-setting board pushed for additional quantitative easing to help sooth financial markets and boost the Great Britain's economy.
Commodities were mostly in the red. The weekly inventory report from the Energy Department showed oil stocks jumping 3.9 million barrels last week. That news leading to a price drop of more than $1.50 - settling at a one week low of $102.67 a barrel.
Full Story: IBM Weighs Heavily on Dow |
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Posted by Lou Dobbs Staff at 10:10 AM Email to a friend |
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