"Buy, buy, buy! Oh, everyone's buying? Then sell, sell, sell!"
— Al Czervik, “Caddyshack”
After being up as much as 154 points, a late day sell left the Dow up 96 points. Wednesday we watch the Fed.
Market Musings By CNBC Market Guru Robert Hum
The Word on the Street
ADOBE EARNINGS BEAT, BUT SHARES FALL ON GUIDANCE /Reuters w/ CNBC.com: “Adobe Systems , maker of Photoshop and Acrobat software, reported a quarterly profit that beat expectations but fell slightly, as costs rose 8 percent Shares fell in extended-hours trading after the company handed in disappointing guidance for the third quarter.”
DIMON: JPMORGAN DIDN'T MISLEAD INVESTORS /Reuters w/ CNBC.com: “JPMorgan Chase Jamie Dimon told lawmakers Tuesday his bank was upfront with investors about its multibillion-dollar trading loss, even as regulators investigate whether JPMorgan disguised a dramatic rise in risk-taking.”Page 1 of 6 | Next Page