Independent, Fee-Only Financial Advisor
Thursday, April 28, 2005
Oil prices dropped below $50 per barrel this morning... good news, you would think. Despite this, markets fell this morning. Exxon had great news on the earnings front, but other companies faltered. Bristol Myers Squibb's earnings fell as they face competition on some of their fronts. Daimler Chrysler also saw an earnings decline. Procter and Gamble, on the other hand, saw an increase of 13% and boosted their projections for the year. It's a mixed bag today. It all comes down to the GDP numbers, the lowest in 2 years. Stay tuned for further developments.