Top 10 News Items: First Reading of Q2 GDP; Fed's Bullard Concerned with Japan-Like Deflation, BP's Tony Hayward Finally Pushed Out of CEO Role
30. 7. 2010 23:01 - Streetinsider.com
Here is a recap of the top news items on Wall Street this week:
1. Investors got their first glimpse of Q2 GDP this week, up 2.4% versus the economist estimate of up 2.6%. This level of growth is just slightly below the 2.7% that came in with the last reading from Q1, however this number was revised sharply higher with today's report, to 3.7%. Stocks traded lower at Friday's open but buyers stepped into the market during the last hour of trading but couldn't hang on and the Dow closed down a point. Notably, the Nasdaq and S&P 500 both
