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World Market Overview Report 24/03/2011

U.S. stocks staged an afternoon rally Wednesday, led by materials companies, though investors continued to eye several overseas trouble spots warily.The Dow Jones Industrial Average rose 89 points, or 0.7%, to 12108 in late afternoon trade, led by Alcoa, which rose 3.3%. The gains were kept in check by a 1.5% decline for Bank of America, which said the Federal Reserve didn't allow it to boost its dividend. Wal-Mart Stores also was weak, falling 0.8%, as was DuPont, down 0.4%.
Adobe

Analysts Cut Adobe Profit View

At least three brokerages have cut the profit forecasts of Adobe Systems (NASDAQ: ADBE), a day after the software company reduced its second quarter outlook by $50 million.
Britain's Chancellor of the Exchequer George Osborne, holds his budget case for the cameras outside number 11 Downing Street, before delivering his budget to the House of Commons in London March 23, 2011.

UK budget fiscally neutral: Capital Economics

The UK budget, which was unveiled on Wednesday, has revealed no significant changes to the deficit-reduction plans set out by the coalition Government just after last summer’s election, an analyst has commented.
foreclosed home

US Feb. new home sales plummet

Sales of single-family houses in the US fell unexpectedly in February, showing continued weakness in the housing industry recovery.
AOL logo is seen on the outside of the building housing the companies corporate headquarters in New York May 28, 2009.

AOL Upgraded at UBS Securities

UBS Securities upgraded its rating on shares of AOL Inc. (NYSE: AOL) to buy from neutral with a price target of $25. The brokerage attributed the upgrade on positive catalysts and compelling valuation.
Traders work on the floor of the New York Stock Exchange

US stocks decline on euro zone debt worries

U.S. stocks declined in early trade on Wednesday as renewed concerns over the euro zone’s sovereign debt crisis and higher than expected rebuilding costs in Japan weighed on the sentiment.
Bertrand Serlet

Mac OS X Guru Leaving Apple, Shares Down

Apple said that Bertrand Serlet -- senior vice president of Mac Software Engineering -- will be leaving the company and would be replaced by Craig Federighi, who is currently the vice president of Mac Software Engineering.
Traders work on the floor of the New York Stock Exchange

U.S. Equity Strategy: Intermediate-term low is near

RBC Capital Markets said the ultimate low in the U.S. equity markets might not have been reached, but a bottoming process has probably started. The brokerage said most of the technical indicators suggest that an intermediate-term low is near. Readings from sentiment, positioning and internal momentum indicators reveal much more damage under the hood than at the index level.
Traders work on the floor of the New York Stock Exchange

US Earnings Watch For March 23 (GIS, PAYX, RHT, FUL, SAI, SCS, TXI, WATG, OMN)

The top U.S. companies that are reporting earnings before the market opens on March 23 are: General Mills, Texas Industries, and Wonder Auto Technology. The top U.S. companies that are reporting earnings after the market close on March 23 are: Paychex, Red Hat, SAIC, Steelcase, HB Fuller, and OMNOVA Solutions.
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World Market Overview 23/03/2011

U.S. stocks pulled back in a sleepy session Tuesday as investors paused after a three day rally that helped the market regain ground after several weeks dominated by unrest in the Middle East and Japan's earthquake.
A foreign exchange dealer works at a trading room of a foreign exchange trading company in Tokyo

A Sense of Calm is Returning to the Markets: Omnivest

There is a clear sense of calm returning to the financial markets after the horrific earthquake in Japan and the leveling of the playing field in Libya. Though the damage associated with Japan’s earthquake is clearly immense, its economic impact will mostly be localized.
Traders work on the floor of the New York Stock Exchange

US stocks waver in early trade

US stocks wavered between small gains and losses in early trade on Tuesday as investors watched with caution geopolitical developments in Japan and Libya.

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