Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Thursday, February 02, 2006

Thursday Clouds are Temporary

Amazon is under pressure after a large promotional effort, yet sales continue to increase 17%. Compared to the 43% drop in profits, however, they were unable to pull out a good day on the market. Year-end reports continue to be announced, and the Dow dropped .93% after one report showed a decline in worker productivity for the 2005 fourth quarter. Cloudy reports are only temporary, however, as retailers reported excellent sales for January, thanks to gift cards and warm weather. Wal-Mart led the way, with a 4.7% increase in sales. Speaking of the retail giant, did you know you can keep a wishlist handy for your relatives? Check out wishes to start your online Wal-Mart wishlist! DJIA: -101.97 Nasdaq: -28.99 S&P 500: -11.62