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Services Sector Maintains Growth In July Amid New Orders
The growth rate in the vast services sector slighly gained in last month as new orders advanced, but jobs declined to its worst level in about a year, according to a recently released industry report. The Institute for Supply Management said its services index moved up from 52.1 in June to 52.6 in July, beating…
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S&P 500 On Track To Snap Four-Day Declining String; Citigroup Inc. (NYSE:C) And Morgan Stanley (NYSE:MS) Gains – C, IPG, MSFT
U.S. stocks climbed to a top level in three months after positive data on domestic job growth and service-sector activity. The S&P 500 Index (INDEXSP:.INX) was up about 26 points, at last check, ranging between 1,365.45 – 1,392.02 and moving on track to snap four day declines. Companies in the financial and energy sector paced…
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67% S&P 500 Companies Beats Estimates; Sprint Nextel’s (NYSE:S) Strong Rally And Apple Inc. (NASDAQ:AAPL) Struggles To Regain $600 Mark – C, S, WDC
So far in this earnings season, out of the total 215 companies in the S&P 500 that have released results, about 67% have surpassed Wall Street’s estimates, according to S&P Capital IQ. Most recently analysts predicted overall S&P 500 second-quarter earnings to fall 0.38%, snapping a 10-quarter gaining string. On the economic front investor confidence…