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Top Stories Earnings Watch: Updates, advisories and surprises A roundup of the latest corporate earnings reports and what companies are saying about future quarters.
Tech Stocks: Tech stocks active ahead of Facebook debut Social networking giant ready to start trading at $38 a share; Yahoo reportedly in deal to sell at least some of its Alibaba assets back to the Chinese e-commerce company.
Metals Stocks: Gold futures trade higher as dollar weakens June gold is back on the rise, within hailing distance of $1,600, as the dollar turns lower following a long winning streak for the greenback.
Europe Markets: Europe stocks choppy after Spain bank downgrades Europe stocks traded choppy with losses for miners and drinks makers, while banks rebounded from earlier losses related to a downgrade of Spanish banks by Moody’s Investors Service late the prior day, amid talk of a ban on short selling of those institutions.
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May 18, 2012 11:21 AM EDT
Financials may have been down, but that hasn’t stopped the market from kicking them. The weak Euro, which I’ll get into, was one catalyst weighing on the sector. However, there were two individual company news items that hit the stocks, putting pressure on the ETF, leading the market lower. Goldman Sachs GS (-2.5%) was a major contributor, after receiving a subpoena from the ... full story >>