Stocks Higher as Earnings Offset Dollar Worries
Wall Street rose as Morgan Stanley and other earnings offset concerns about a weak dollar. Defense shares fell after a Smith Barney downgrade. The Dow gained 40.83 points to 9576.04 as traders awaited the next move before the third quarter results.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Morgan Stanley
Smith Barney
Oy Munis
Bryan Piskorowski
Wachovia Lecs
Dow Jones
Met
Peter Cardillo
Global Partner Securities Inc
Lehman Brothers Holdings Inc
Verizon Communications Inc
Tax cuts alone won't spur business investment says Deloitte
Deloitte & Touche surveyed 224 senior tax executives and found that a single tax reduction is unlikely to drive capital investments. The report notes executives consider broad economic climate, not tax policy alone, when deciding on equipment and capital spending. Stocks rose modestly with Nasdaq up 1.5% to 1901.72 and S and P 500 at 1029.03 amid a cautious earnings season.
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Deloitte & Touche
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Rcan
Clint Stretch
Southwest Bank of Texas wins Bronze Eagle Award
Southwest Bank of Texas earned a Bronze Eagle Award in the Best of Community Banking Awards at the IBAT convention for its Teaching Excellence Awards. The program, run with The Baytown Sun, honors teachers across Goose Creek and Barbers Hill districts with $1,000 cash prizes, recognizing 23 of 29 campuses.
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IBAT
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Christopher Williston
Texas Bankers Foundation
Texas Bankers Association
Oil prices wobble as OPEC meets amid supply fears
Oil futures fell on Tuesday with November Light crude at 27.13 and Brent at 25.52 as traders awaited Wednesday OPEC talks in Vienna and U.S. inventory data. Analysts warn of bear momentum and potential oversupply if builds persist, despite hopeful buying.
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New York
Andrew Lebow
Ivan Financial
New York Mercantile Exchange
London
International Petroleum Exchange
Organization of Petroleum Exporting Countries
Vienna
U.S
OPEC
Lebow
Energy Information Administration
Lehow
Dow Jones
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