Binary Options Daily Review July 22, 2010
SPOTLIGHT
Microsoft earnings report out today
Among the companies whose shares are expected to see active trading in Thursday’s session is Microsoft Corp. Microsoft is expected to report earnings of 46 cents per share and revenue of $15.2 billion for the fourth quarter of 2010.
Yahoo! tumbles after disappointing earnings
Shares of Yahoo Inc. tumbled Wednesday, one day after the company reported a sharp rise in second-quarter profit, but also delivered sales figures that fell short of Wall Street’s expectations. Shares of Yahoo! were down nearly 8% to $14 in afternoon trading.
U.S. stocks dropped sharply on Wednesday
U.S. stocks dropped sharply Wednesday after Federal Reserve Chairman Ben Bernanke called the economic outlook “unusually uncertain” but avoided naming any new steps to jump-start growth, and after mixed earnings results from Yahoo Inc., Coca-Cola Co. and others.
Copper rallies 3%
Gold futures settled virtually unchanged Wednesday amid light volume. Copper, however, rose 3%, the red metal’s biggest one-day increase since mid-June.
Oil falls after surprise increase in inventories
Oil futures dropped below $77 a barrel on Wednesday after a strong opening on an unexpected increase in oil inventories and an uncertain economic outlook.
