Weak dollar illusory; trade shows gains

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Filed under: Indices, DJIAIf you sense that the U.S. stock market recently seems to trade up one day on a good data point, then trade down the next, when a negative data point is released, you're not the only one. Further, look for the Dow to remain range-bound, with rallies and pull-backs containing little conviction, until the U.S. economic outlook ha […]

Filed under: Eastman Kodak (EK), Calif Pizza Kitchen (CPKI)Yesterday was a mixed day, and today was just a down day. Durable goods were a disappointment in negative territory. Earnings were mixed. The negative bias of the Fed's Beige Book coincides with the sell-off at 2:00 PM but this still just brings in the notion that there is going to be a slow rec […]

HOUSTON/MIAMI (Reuters) - BP Plc may permanently shut the well that caused the worst off-shore oil spill in U.S. history as early as Monday, the company said as speculation grew over assets it might sell to cover mounting costs. […]

Filed under: duPont(E.I.)deNemours (DD)On Tuesday, July 27, E.I. du Pont de Nemours & Company (DD) reported a blowout quarterly earnings report. The company earned $1.159 billion, or $1.26 per share, compared to $417 million, or $0.46 per share, in the year ago period. On an adjusted basis, net income attributable to the company was $1.1 billion or $1.17 […]