Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Friday, April 27, 2007

Earnings!

There was more good earnings news on Wall Street today. Microsoft took the cake with their new Vista product. Their earnings rose 65%-- just what the techies have been waiting for! Chevron reported an increase of 18% (no surprise there). AT&T's long-time CEO is retiring and is taking a $158 million dollar retirement package with him. Whoa! All this good news was overshadowed a bit by the reporting of poor economic growth numbers. According to the economists, we are slowing down. You wouldn't know it by the earnings reports, though. Wall Street reacted to all this news with a sigh-- a relatively flat day. DJIA +15.44 NASDAQ +2.75 S&P 500 -0.18