Shares of Xerox (XRX) are soaring today, and set a new 52 week high today after posting better than expected first quarter numbers. Going into this mornings earnings report, analysts were forecasting $0.15 per share, verses $0.05 during the same period last year. Actual earnings came in well above estimates, at $0.18 per share excluding special items. Revenues were up by 33% during the quarter to $4.7 billion. Analysts had forecast revenues of ...

The market closed in the red today, as poor earnings from General Electric (NYSE: GE) and Bank of America (NYSE: BAC) brought out the bears. The DOW closed the session down 0.67%, the NASDAQ ended the day down 0.76%, while the S&P slipped by 0.8%. General Electric started off the day off on a bad note when the company reported revenues that came up short of analyst estimates. GE was able to ...

The DOW closed above the psychological 10,000 mark today for the first time in a year, and ended the day up 1.47% to 10,115.86. The first time that the DOW rose above the 10,000 mark was all the way back in 1999, and at that time investors celebrated, and drank champagne, but this time it was not so much a reason to celebrate as a reason to relax a bit, as ...

After yesterday's rally, and President Obama's speech last night, it would have been nice to see another strong day for the market, but that was not the case as sellers came back in and sent all the major markets lower in today's trading. As we know, the housing market has been a major drain on the overall economy, and the real estate market got some more bad news today as we ...

Another tough day ahead of us on Wall Street, as international markets have sold off about 4% today on widening fears over the slowing global economy. Look for another sell off on Wall Street, as futures are indicating a very sharp drop at the open. After the volatile week last week, many of us had some hopes that the Bush approved $700 billion bailout plan that was passed late on Friday ...

Yesterday was brutal on the stock market, with the largest one day drop in history, as the DOW fell 777 points, a decline of nearly 7. The Nasdaq dropped by even more on a percentage basis, with a decline of 9.14%, and the S&P gave back 8.8% yesterday. Futures are trading higher today, but it is going to take a lot more than one day of upside to make up what ...

Shares of troubled consumer retailer Circuit City (NYSE: CC) are surging this morning in the premarket. Shares of Circuit City are up 59% in premarket trading this morning on news that Blockbuster (NYSE: BBI) is looking to acquire the company. Blockbuster announced that it was offering $6 a share for Circuit City (Circuit City closed last Friday at $3.90) . The bid amounts to over $1 billion. Blockbuster stated that it has ...

Gasoline prices moved up overnight to set a new record high last night... the second record high in as many days. According to AAA, the national average for a gallon of regular unleaded has now reached record levels of $3.303 for a gallon. The current price of gasoline has been rising in reaction to the recent run up of oil prices and the weak dollar, and resulted in a 22% jump ...

Wall Street has been rallying today, and enjoying the strong start to the week is Wal-Mart Stores Inc. (NYSE: WMT), which hit a new 52 week high in today's action. The stock traded up as high as $54.15, and is currently trading up 1.3% to $53.95. The past few months have been a little rocky for investors, as traders have been trying to deal with a weak housing market, a falling ...