Hank Smith News
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Europe’s fiscal crisis and China’s slower growth weighed down first-quarter earnings at U.S. companies reliant on overseas sales, threatening to temper a recovery that pushed the Standard & Poor’s 500 Index to records.
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U.S. stocks rose on better-than- forecast earnings from companies including Pfizer Inc. and Valero Energy Corp., returning benchmark indexes to five-year highs. Oil helped lead a rally in commodities as global reports boosted economic confidence, while the dollar fell.
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Microsoft Corp. is paying a dot-com era price for Skype Technologies SA, almost 40 percent more than the world’s most popular Internet calling service itself says the business is worth.
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The benchmark gauge for U.S. stock options rose the most 15 months as minutes from the Federal Reserve’s last meeting showed a debate over the monetary stimulus that has fueled a four-year bull market in equities.
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U.S. stocks pared most of their earlier losses in the final hour of trading as the House of Representatives planned a session on Dec. 30, fueling optimism a budget deal will be reached.
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U.S. stocks fell, trimming the best September rally for the Standard & Poor’s 500 Index since 1939, amid concern that Europe’s debt crisis will worsen and the profit outlook for banks and retailers is deteriorating.
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U.S. stocks rose, recovering from earlier losses, as European governments considered deploying $1.3 trillion in funds to tame the sovereign debt crisis.
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In the busiest year for medical products takeovers, potential acquirers can now scoop up Becton, Dickinson & Co. at the cheapest valuation since 1993.
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U.S. stocks fell, sending the Standard & Poor’s 500 Index to the lowest level in a month, as Alcoa Inc.’s forecast fueled concern over corporate earnings and global economic growth.
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Oct. 24 (Bloomberg) -- Haverford Trust CIO Hank Smith and Oppenheimer & Co. Chief market Strategist John Stoltzfus discuss the impact on the markets of the 2012 presidential election. They speak on Bloomberg Television's "In The Loop." (Source: Bloomberg)
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