Monday, April 30, 2007

S&P 500 Futures Rise on Earnings, Inflation; RadioShack, Verizon Advance

(Bloomberg) -- Futures on the Standard & Poor's 500 Index gained after earnings beat estimates and a measure of inflation was unchanged, bearing out the Federal Reserve's prediction that price increases will ease as the economy slows.

RadioShack Corp. advanced after the third-largest U.S. electronics retailer said first-quarter profit rose fivefold because of reduced costs. Verizon Communications Inc. rose after revenue at the nation's second-biggest phone company topped analysts' projections.


Read more at Bloomberg Stocks News

No comments: