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Stocks took an upturn on Wall Street Thursday af
stanley cup ter bargain-hunting investors shrugged off another spate of profit warnings and fears that the economy is slowing down too much, reports CBS News Business Correspondent Anthony Mason.According to closing numbers from CBS MarketWatch, the Dow Jones industrial average rose 168.36 to 10,487.29, the Standard Poor s gained 10.12 to 1,274.86, and the Nasdaq edged up 7.34 to 2,340.12. We ve got a sense that a lot of the bad news has been priced into the marketplace. We are very oversold, said Arthur Hogan, chief market analyst for Jefferies Co. This is a bargain hunters market.Investors were optimistic that the newest sign of an economic slowdown w
stanley website ould prompt the Federal Reserve to reduce interest rates before it meets again at the end of January, analysts said. Such a decision would help boost disappointing corporate profits sooner rather than later.The government revised its annual growth rate from 2.4 percent to 2.2 percent in the summer, saying the gross domestic product was even weaker than previously b
stanley usa elieved as the trade deficit deteriorated further. Until the Federal Reserve lowers rates, investors are expected to continue to dump companies whose profit outlooks are weak.Investors, who are weary of trading on fears about earnings and the economy, want a sustainable rally but can t commit to setting one off yet, analysts said. Emotionally, investors are ready to do that. Whether there is a catalyst for them Uckf There Is an App Named Steven
If you heard a strange crackling noise, went outside, and noticed what seemed to be lightning attacking parts of your building, what would you do One man took a picture. Sonnblick Observatory in Austria serves as a focus for the famous St. Elmo Fire. Hermann Scheer, who snapped this picture, describes it as being a snowy day, but without any thunderstorm activity. Clearly something was brewing. St. Elmo Fire is one of the things that happens when plasma lights up. Plasma consists of gas atoms that have their outer electrons stripped off, either by an extreme electric field or by extreme heat. The electrons go wandering freely through the gas, which means that the gas is now a very good conductor of electricity. Unlike things like fire or lightning both of which have plasma components , St. Elmo Fire can be fairly cool. It was known for gathering around wooden ship masts without setting them on fire. St. Elmo Fire needs a major voltage difference, and so it tends to gather around points and corners, where the voltage difference is most dramatic. This is also why lightning tends to strike at the tips o
stanley cup f rods or trees. As you can see in the picture, it gathered around the two most dramatic curves on the building. Via AT Optics.
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