Wall Street opens higher in small
July 7, 2010 – 2:10 pmU.S. stocks opened higher Wednesday in a small market conservative, always worried about growth prospects.
In the first exchanges, the Dow Jones gained 0.2% or 20.14 points to 9767 points, while the Standard & Poor's 500 is 0.4% or 4.47 points to 1,032.53 points and the Nasdaq Composite advanced 0.7% or 15 points to 2108.
State Street jumped from 8% to $ 36. The bank announced that its second quarter results would exceed expectations, but it would take a charge of $ 251 million on securities lending. Excluding this charge, State Street is a profit of 93 cents and 87 cents with the load, while analysts expect EPS of 72 cents.
In contrast, Family Dollar 7% fall in 36.74 dollars.The discount retailer reported a profit forecast for the fourth quarter below expectations, blamed on the downturn in consumer spending. Family Dollar expects earnings per share between 46 and 51 cents, while analysts expected 53 cents.
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