U.S. stocks opened higher today after European Central Bank president Mario Draghi delivered pointed reminder that the bank would take any step in order to preserve the euro. Draghi was speaking at an investment conference held in London where his comments indicate the ECB may start buying notes again with an aim to help bring down hiking loan costs. Yesterday the blue-chip benchmark ended three-day falling streak after losing over 100 points in each of the prior three sessions.
The Dow Jones Industrial Average (INDEXDJX:.DJI) is gaining the most among three key indexes and, at last check, was up +178.95 points. Exxon Mobil Corporation (NYSE:XOM) is up today after its earnings grew 49% to $15.9 billion during the second quarter. The great figure, which would be by far the best quarterly net income ever for any company, took into account a special gain for divestitures.
General Electric Company (NYSE:GE)
GE recently tested a sample Interior Permanent Magnet traction motor, developed as part of a $5.6MM U.S. Dept. of Energy (DoE) project, that could help enlarge the range EVs and hybrids can voyage before revitalizing or needing gasoline.
GE Capital’s Office Imaging (OI) business also declared the launch of the mobile edition of Leasingsource, its inclusive online sales production instrument. Dealers will be capable to propose and track deals using iPads and iPhones and receive credit endorsements in minutes.
[article_detail_ad_1]During Mid-Day trading, shares of General Electric Company (NYSE:GE) surged +2.20% to $20.43 following its news of new commencements, with the total traded volume of 19.45 million shares. GE has earnings per share of $1.24 and its price to earnings ratio ended at 16.46.
Microsoft Corporation (NASDAQ:MSFT)
Shares of Microsoft Corporation (NASDAQ:MSFT) moved up after it announced that it has collaborated with Sports brand Nike for a new Xbox 360 video game called Nike+ Kinect Training. Nike+ Kinect Training will be released on November 2nd and will permit users to carry on fit by means of the Kinect motion sensing game accessory.
Microsoft Corporation (NASDAQ:MSFT) jumped +0.99% to $29.12 and total traded volume was 16.41 million shares. MSFT has earnings per share of $2.00 with the net profit margin of 23.03% and operating margin of 29.52%.
Cisco Systems, Inc. (NASDAQ:CSCO)
Cisco Systems, Inc. (NASDAQ:CSCO) declared that it has started a contract with the Federation of Canadian Municipalities (FCM) to raise knowledge, understanding and to give education on the benefits of new innovation and technology. The impact of this concord is the expansion of Canada’s 21st century leading cities and communities.
Cisco Systems, Inc. (NASDAQ:CSCO) gained +0.52% to $15.50 and with the total traded volume of 20.17 million shares in mid day trading. Its fifty two week range was $15.30-$21.30. The total market capitalization remained $83.06 billion. Company’s current year earnings per share grew with 12.16% while the five year EPS growth rate was +5.57%.