Latest Media Quote:
Mr. Sarhan was quoted by Dow Jones Newswire on Friday 1.15.10. The article was picked up by several major news outlets. Here are a few:
Wall Street Journal (WSJ.com): http://online.wsj.com/article/BT-CO-20100115-707328.html
Investor’s Business Daily (Investors.com): http://www.investors.com/NewsAndAnalysis/Article.aspx?id=106888049&source=Newsfeed&Ntt=
Market Watch: http://www.marketwatch.com/story/us-stocks-open-lower-as-financials-weigh-djia-off-25-2010-01-15
US Stocks Open Lower As Financials Weigh; DJIA Off 25
NEW YORK (MarketWatch) — U.S. stocks traded lower Friday despite Intel and J.P. Morgan Chase delivering fourth-quarter earnings above analysts’ estimates, as J.P. Morgan’s revenue missed expectations and its chief executive offered cautioning words.
Stock losses accelerated after a gauge of consumer confidence proved disappointing.The Dow Jones Industrial Average (INDU) fell 89 points, or 0.8%, to 10,621.40 in early trade.
The measure’s financial components led its decliners, with Bank of America (BAC) off 2.1% and J.P. Morgan (JPM) down 1.6%. J.P. Morgan’s fourth-quarter earnings quadrupled, but its revenue came in below analysts’ estimates and Chief Executive James Dimon warned the banking giant is cautious about the future, noting “consumer-credit costs remain high, and weak employment and home prices persist.” See J.P. Morgan story.