Tuesday, July 27, 2010

July 27th, 2010

The DOW is down a few points this morning on a see-saw of earnings coming into the stock market. The monthly consumer survey released today shows that consumer confidence is at the lowest point sine February. This is not promising as last week we saw big gains once again in the DOW and this week some companies are starting to gain some ground on the past recession. BP replaces CEO Tony Hayward with the companies first American CEO, Robert Dudley. They also reported a quarter loss of $17 billion dollars as they still try and cope with the oil spill.

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