- HP Second Quarter Earnings Beat, Shares Pop After Hours Reuters
Hewlett-Packard Co's quarterly profit slid 32% but the world's largest personal computer maker raised the lower end of its full-year outlook as revenue from services to corporations slightly offset shrinking PC sales.
- PIMCO's Gross Says Fed Likely to Ease Stimulus in September Reuters
Bill Gross, co-chief investment officer of bond giant PIMCO, said on Wednesday the U.S. Federal Reserve will likely begin tapering its monetary stimulus in September and that bond investors might have already anticipated the move.
- Related: 3 Things to Fear More Than the Fed
- Wall Street Falters in Volatile Session on Fed Worries Reuters
Stocks fell on Wednesday with the S&P 500 posting its biggest decline in three weeks, after minutes from the latest U.S. Federal Reserve meeting showed some officials were open to tapering large-scale asset purchases as early as June.
Hewlett-Packard's nearly 50% gain has left it atop the 30 companies that make up the Dow, and yet, its support on Wall Street is razor thin.