Earnings fail to meet investors expectations in year
Investors overbid stocks this month hoping for strong third quarter earnings. With two thirds of the S and P 300 reporting, 87 percent met or beat forecasts, but overall results still lagged expectations by about 6.4 percent. Analysts warn the rally may ease as growth looks capped and fourth quarter prospects dim.
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New York
Wall Street
Bernie Schaeffer
Schaeffer
Cmeinnan
Standard & Poor
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Richard A. Dickson
Lowry’s
Palm Beach
Fla
Sam Burns
Ned Davis Research
Venice
Burns
S&p
Merck & Co
Nline
Amazon.com Inc
Amgen Inc
Microsoft Corp
Chuck Hill
Dow Jones hits record high near 11722 in 2008
The Dow Jones industrial average stands at 11,722.58 after a record run, reaching 90.39 points higher than the previous level as traders react to early 2008 gains. The milestone underscores a strong start to the year with investors optimistic about continued growth.
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Aw Jones Industress
Low Jones
Dow Jones
Jamie Dn
WweSiOi Nova
Rynex Investor
Rai
Tax receipts on the rise in Baytown area
State comptroller reports monthly sales tax payments to Baytown of 494240.05 dollars for August sales, up 2.06 percent from September. Mont Belvieu and Anahuac also posted changes, with local managers citing plant activity and swings in petrochemical-driven receipts amid a mixed fiscal year.
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Baytown
Gary Jackson
Jackson
Mont Belvieu
Bryan Easum
Basum
Anahuac
Stephone Taylor
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