While worries about Greece continue to loom in the background, investors were encouraged after a reading on Germany's business conditions rose for a fourth straight month. Greece secured additional bailout funds earlier this week that will help it avoid default in the immediate term. The National Association of Realtors reported that the median price in January fell 2% from December. Hewlett-Packard said late Wednesday that its profit fell by a dramatic 44% while sales sank 7% in its Q1. Rival Dell suffered a similar fate over the past three months, posting earnings and an outlook on Tuesday that disappointed Wall Street investors.
Thursday, February 23, 2012
Drifting lower
While worries about Greece continue to loom in the background, investors were encouraged after a reading on Germany's business conditions rose for a fourth straight month. Greece secured additional bailout funds earlier this week that will help it avoid default in the immediate term. The National Association of Realtors reported that the median price in January fell 2% from December. Hewlett-Packard said late Wednesday that its profit fell by a dramatic 44% while sales sank 7% in its Q1. Rival Dell suffered a similar fate over the past three months, posting earnings and an outlook on Tuesday that disappointed Wall Street investors.
