18 min ago [BRIEFING.COM] The indices inch into the open with small gains, as a couple of strong earnings reports temporarily shift the market's focus from macro-economic concerns to corporate profits, especially in the absence of notable economic data and no scheduled Fed speak. Morgan Stanley (MS 58.50 +1.48) more than doubled its Q2 bottom line while FedEx (FDX 110.49 +2.17) grew Q4 profits 27%, offering some reassurance that profitability so far is holding up despite rising interest rates. Ford Motor's (F 6.48 +0.08) CEO reiterating his commitment of returning to profitability in 2008, countering early reports that suggested otherwise, has also improved sentiment.
DOW Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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