“The market hovered just above the breakeven line for much of the day, but that all came to an end after the Federal Open Market Committee (FOMC) minutes were released at 2 p.m. ET,” observed Schaeffer’s Senior Equity Analyst
Applied Materials ‘ ( AMAT ) fiscal fourth quarter pro forma earnings of 19 cents beat the Zacks Consensus Estimate by a penny, or 5.6%. Revenues were particularly strong, beating by 16.2%. There have been both
Brooklyn, why can’t Mr. Market quit you, baby? Last week it was Janet Yellen, native of New York’s most populous borough, who hogged headlines. Yesterday, stocks reeled from a last hour bombshell about a business bigwig born in the