Microsoft, Altria and Ford Lead Headlines
Despite Wednesday's durable goods orders report (-0.5%), weekly mortgage activity (lower) and same-store sales data from the International Council of Shopping Centers (+1.5% year-to-year), corporate news dominates the video below. The piece focuses on breaking events at Microsoft (Nasdaq: MSFT), Altria Group (NYSE: MO) and Ford (NYSE: F). Oh, and oil caught a couple eyes today as well...
Just as petroleum touched a one-week low, an old geopolitical fire was rekindled by new threats against Nigerian production. As a result, crude futures moved back above $131. In turn, gasoline moved ever closer to $4 at the pump, reaching $3.94 on the national average. Fred Mishkin's resignation from the Federal Reserve can't be a good thing either! If Batman was a darker figure without Robin, how's Bernanke going to handle Congress without his sidekick?
Just as petroleum touched a one-week low, an old geopolitical fire was rekindled by new threats against Nigerian production. As a result, crude futures moved back above $131. In turn, gasoline moved ever closer to $4 at the pump, reaching $3.94 on the national average. Fred Mishkin's resignation from the Federal Reserve can't be a good thing either! If Batman was a darker figure without Robin, how's Bernanke going to handle Congress without his sidekick?
The opinions expressed within the video may not agree with the view of "The Greek." Article interests AMEX: DIA, AMEX: SPY, AMEX: DOG, AMEX: SDS, Nasdaq: QQQQ, AMEX: QLD. Please see our disclosure at the Wall Street Greek website.
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