NEW YORK: Wall Street squeaked into positive territory Thursday as investors fretted that the corporate earnings season will trample on signs of recovery from the severe recession.The Dow Jones Industrial Average edged up 4.76 points (0.06 per cent) to finish at 8,183.17.
The tech-heavy Nasdaq composite gained 5.38 points (0.31 per cent) to 1,752.55 and the broad-market Standard & Poor’s 500 index climbed 3.12 points (0.35 per cent) to 882.68.After opening higher, stocks spent most of the session in the red in choppy trading.
“With Wall Street nearly shaking in its boots ahead of a new round of corporate earnings, Alcoa Inc’s better-than-expected quarterly report came as a breath of fresh air,” said Joseph Hargett of Schaeffer’s Investment Research.After the closing bell Wednesday, Alcoa reported a net loss of US$454 million in the second quarter, which was not as bad as feared. -- AFP
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
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