NEW YORK (Reuters) – Stocks fell on Thursday as investors turned cautious before the government’s crucial July jobs report, and took profits after a recent rally. The Dow Jones industrial average (DJI:^DJI – News) slipped 24.71 points, or 0.27 percent, to end unofficial…
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Profits embolden US companies, but revenue lacking
Posted on: July 26th 2009 in Market News.
NEW YORK: Corporate America is turning a profit again, but only by spending less, not making more. While recent bullish profit reports have fueled the stock market, a true economic revival will depend on consumers opening their wallets. So far, there’s little evidence of that. Big…
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