Strong earnings news, US growth lift stocks

[Omaha Steve]

Source: AP-Excite

NEW YORK (AP) — U.S. stocks are opening higher after several companies reported better earnings than investors were expecting.

Traders were also encouraged by the U.S. government's initial estimate that the economy surged ahead at a 4 percent annual rate in the April-June quarter.

Twitter, Hess and Pitney Bowes all rose sharply after beating analysts' profit forecasts.

The Standard & Poor's 500 index rose eight points, or 0.4 percent, to 1,977 in the first few minutes of trading Wednesday.

FULL story at link.



Trader James Dresch, right, works on the floor of the New York Stock Exchange, Monday, June 30, 2014. European stocks were lower Wednesday July 30, 2014 ahead of U.S. economic data while cheery earnings from major Japanese companies such as Honda Motor Co. boosted Asian markets.(AP Photo/Richard Drew)

Read more: http://apnews.excite.com/article/20140730/financial-markets-us-open-1df0f575f2.html

[upaloopa]

1. The rich get richer, the poor get told they should

be happy about it.
I never understood the news programs who say, "now the news about your money," then tell me why the stock market went up or down. I have a retirement plan so I guess if Daddy Warbucks made another billion today I should be happy but my life won't change any because of it.

[KG]

2. Well, hoo-fucking-ray for the parasite class...

[winstars]

3. Thanks Obama

[jakeXT]

4. U.S. Stocks Fall as Early Rally Fades Before Fed Decision

U.S. stocks fell for a second day as an early rally sparked by better-than-forecast economic growth faded before a Federal Reserve decision on monetary policy.

http://money.msn.com/business-news/article.aspx?feed=BLOOM&date=20140730&id=17817879

[Populist_Prole]

5. Must have been another surge in layoffs, pay cuts, or offshoring

Why else would champagne corks pop on Wall St?

In fairness though, it's not the president's doing when it goes down either though, as so many wingnuts like to aver.

[JaneyVee]

6. IMPEACH!