Showing posts with label General Electric. Show all posts
Showing posts with label General Electric. Show all posts
Friday, July 16, 2010
Down Jones Industrial Average
At early morning most stocks are declining on the Dow Jones. Bank of America is down over 6%. BAC reported a profit of nearly 3 billion and stated that non performing loans declined as charge-offs of loans gone sour fell. Traders sent BAC lower on skepticism of their ability to execute in the future. General Electric reported a profit of over 3 billion. GE's top line growth fell from the previous year which is in focus today by the markets. The markets have sent GE shares spinning 3%. Alcoa is down another 1.3% today in trading news. There is a quiet whisper on Wall Street that Alcoa will be replaced in the Dow Jones. Pfizer is currently level on the day with a quiet whisper on their ability to develop new drugs. This has sent Merck tumbling .36% as a new push by Pfizer means declining sales for Merck.
Labels:
AA,
Alcoa,
BAC,
Bank of America,
DJIA,
Dow Jones,
GE,
General Electric,
Merck,
MRK,
PFE,
Pfizer
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