U.S. stocks spent most of the morning well into positive territory, a welcome change of pace from the cautious tone that has typified most of the week. Though earnings season is under way, and updated select economic data were released throughout the week, today’s inauguration ceremony has been the primary concern for investors. But, as trading began and the bears and bulls jostled for control, the latter asserted dominance.
StockHighlightsDow 30 Earnings Procter and Gamble Second Quarter Fiscal 2017Household goods conglomerate Procter & Gamble (PG Free P&G Stock Report) recently reported fiscal second quarter earnings (year ends June 30th). Share net increased almost 4% year over year, to $1.08,
Industrial conglomerate General Electric (GE) has reported results for the fourth quarter and full year of 2016. The company's showing fell short on the revenue side of the coin, but was about on par with Wall Street's reduced expectations on the earnings front. Troubles in the oil & gas patch were the top line's primary challenge, though a coming merger with Baker Hughes should help in that regard.