Corporate sector earnings

2011-10-24 12:00:26

On Friday, October 21, 2011 several large companies including McDonalds reported their earnings for the third quarter, indicating stable, higher-
than-forecasted growth. The combination of stronger earnings, better economic news and a sense that European officials were taking the debt crisis
more seriously have helped lift stocks. The encouraging corporate news was in line with recent signs that the U.S. economy strengthened in
September after a very weak summer. On Friday the government said unemployment fell last month in half of U.S. states and was unchanged in 11.
That's much better than in August, when unemployment rose in 26 states. UAIndex increased as the result of positive news on the global level.