Hopes for QE3 Helps Stocks Reverse Course in Afternoon Trading(0) Stocks in the United States found traction after investors perused through the latest minutes from the Federal Open Markets Committee which hinted at another round of bond buying, a monetary practice called Quantitative Easing, or QE. Although it was a bit vague in detail, clearly the topic was in discussion at the latest FOMC meeting. Members spoke of “substantial” amounts of bond buying being Read More |
Stocks Continue Upward Path on Thursday(0) U.S. stocks acquired strength Thursday on another quiet trading day, as investors parsed through a mixed bag of economic data. The Dow Jones industrial average came from behind to gain 85.53 points to 13,250.11. The S&P 500 tacked-on 9.98 points to 1,415.51. The Nasdaq added 31.46 points to 3,062.39. Read More |
Dow Falls on Monday, Global Growth Weighs On Investors(0) U.S. stocks tumbled Monday as concerns about global growth weighed on the market. The Dow Jones industrial average came off its lows for the day, but still floundered 38.52 points to finish at 13,169.40. The S&P 500 dropped 1.76 points to 1,404.11. The Nasdaq fought its way into the green 1.66 points to end the day at 3,022.52. Read More |
Dow Falls for Fourth Straight Day(0) U.S. stocks faltered Tuesday as worries about corporate earnings falling short of expectations unnerved investors, with the Dow sliding more than 100 points in afternoon trading. Read More |
Hard to Overlook Longhai Steel and $608 Million in Revenue in 2011(0) Scrolling through another batch of earnings reports from big board companies in the steel business once again showcases the out of sync valuation with Longhai Steel, Inc. (OTCBB: LGHS) and its industry peers. Olympic Steel, Inc., (NASDAQ: ZEUS) reported net sales for the fourth quarter of 2011 totaled $319.9 million, the highest ever for a fourth quarter, and increased 48.7% from $215.2 million for the fourth quarter of 2010. Fourth quarter 2011 net income totaled $0.6 million, or $0.05 per diluted share, compared to Read More |
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