Stocks looked set to make their best monthly advance since November on Friday in a seesaw session as a drop in the U.S. dollar offset economic reports that came in mostly weaker than expected.
Wall Street edges up in low volume on mixed economic data (Reuters)
February - 26 - 2010
NuVasive shares rise after insurer OKs coverage (AP)
February - 26 - 2010
Shares of NuVasive Inc. soared Friday after the medical device maker said an insurer has decided to cover the company’s XLIF spinal surgery procedure.
USD Lower, GDP Revised Higher, Existing Homes Sale Drop
February - 26 - 2010
The USD traded lower Friday pressured by a modest improvement in risk sentiment as equity markets rally in reaction to report of an upward revision in UK and US Q4 GDP, stronger industrial production and retail sales in Japan and strong private sector credit demand from Australia. USD was also…
Croc shares drop after news of CEO’s departure (AP)
February - 26 - 2010
Shares of shoemaker Crocs Inc. plunged Friday, a day after the company announced its CEO would leave the company and posting another loss.
Vital Images shares rise on Oppenheimer upgrade (AP)
February - 26 - 2010
Shares of Vital Images Inc., which makes medical imaging and analysis software, jumped Friday after an Oppenheimer analyst upgraded the stock, citing confidence in the company.
Rosetta Stone shares surge on solid quarter, strong outlook (Reuters)
February - 26 - 2010
Shares Rosetta Stone Inc surged as much as 32 percent Friday, a day after the language-training software maker posted a strong quarterly profit, as investors cheered the solid growth in its international business and the push toward a recurring-revenue model.
The Sensationalist WSJ
February - 26 - 2010
Felix Salmon submits:
Here’s the front page of today’s Wall Street Journal; I think it says a lot about where owner Rupert Murdoch and managing editor Robert Thomson are taking the paper.
There are three main items on the page. The big headline splashed across the top is “Hedge Funds Pound Euro” — a story which, in its online telling, is weakened significantly to “Hedge Funds Try ‘Career Trade’ Against Euro”, although the headline on the home page remains the same.
Business events scheduled for the coming month (AP)
February - 26 - 2010
MONDAY, March 1 WASHINGTON — Commerce Department releases personal income and spending for January, 8:30 a.m.; Commerce Department releases construction spending for January, 10 a.m.