Wal-Mart Earnings Up, Wall Street Expected To Follow

AP:

Wall Street looked to rebound on Tuesday after Wal-Mart Stores Inc. posted better-than-expected earnings and hinted that consumer spending might be stronger than expected going into the holiday shopping season. Dow futures rose 92.00, or 0.70 percent, to 13,082.00, while Standard & Poor's 500 futures added 11.80, or 0.82 percent, to 1,452.10. Nasdaq 100 index futures rose 9.75, or 0.49 percent, to 1,999.25.

The world's largest retailer reported results that surpassed Wall Street projections. The results also showed that heavy discounting during the quarter did not hurt margins, which the company said bodes well for the fourth quarter.

Read the whole story: AP

Comments

[nomoredead]

F*** China-Mart

[ohiomark]

Get angry Libs, Wal Mart is making money. This CAN'T happen, let's tax the hell out of them.

We all know how you Libs like to punish success.