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Politics : Liberalism: Do You Agree We've Had Enough of It?
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To: Kenneth E. Phillipps who wrote (87826)7/20/2010 8:51:08 AM
From: Hope Praytochange   of 224759
 
Following the report, Dow Jones Industrial Average futures dropped 84 points, while Standard & Poor's 500-share futures slipped 10 points and Nasdaq Composite futures fell 17 points. Prior to the data, Dow futures had slid 105 points, while S&P 500 futures fell 12 and Nasdaq futures shed 19. Changes in futures do not always accurately predict stock market movements after the opening bell.
A cache of big-name companies reporting earnings disappointed investors on Tuesday as second-quarter revenues failed to meet expectations. Goldman Sachs Group sank 2.8% in premarket trading after the bank's second-quarter earnings slid 82% as the giant investment bank was socked by its settlement with the Securities and Exchange Commission and the U.K.'s payroll tax, though adjusted results beat Wall Street forecasts.
International Business Machines slid 4.6% after reporting a 9% gain in second- quarter profit, but sales fell short of Wall Street expectations. Texas Instruments' shares fell 6% in post-market trading after the company reported second-quarter revenue and profit just below Wall Street expectations. Standard & Poor's cut its equity rating on the company to hold from buy.
Johnson & Johnson's second-quarter earnings rose 7.5% amid slightly higher sales, but the health-care products giant cut its 2010 earnings forecast by 15 cents a share on the ongoing recalls of various over-the-counter medicines. Shares were down 1.7% in premarket trading. idiot odumba took BP $$$$$$$$$$ and destroys pension funds
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