Posted on 04/17/2013 7:54:41 AM PDT by John W
NEW YORK (MarketWatch) — U.S. stocks fell hard on Wednesday, retreating after the prior day’s rally amid disappointing results from companies including Bank of America Corp.
B. of A. shares slid 4.1% after the lender reported first-quarter earnings below Wall Street’s estimates as its mortgage business weighed.
Caterpillar Inc.was down 2.4% after Macquarie downgraded the construction-equipment maker to neutral from outperform.
At 2 p.m. Eastern, the Federal Reserve will release its Beige Book, which offers an economic analysis of its 12 districts.
(Excerpt) Read more at marketwatch.com ...
Yahoo is up right now.
The article says Yahoo Inc. edged higher after Bank of America Merrill Lynch upgraded the Internet company to buy from neutral, a day after Yahoo forecast second-quarter sales below expectations.
Before an earthquake there are trimmers... do you feel the shaking yet?
LLS
Trimmers...as in lawn trimmers? How about tremors?
Looking for that big down DJIA day Obama has been saved from every time it appeared it was going to happen or should have happened.
Hey I am a redneck... what do you expect? Posting in between customers. I will watch carefully for your next mistake.
LLS
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