Thursday, February 01, 2007

All Signs Look Up

The day after the Fed held rates steady the market look like they could be in for a good day. Google posted earning three times greater than a year ago beating forecasts. Dell announced that Michael Dell would be back in the CEO post. Dell said his company needed to execute better. Starbucks and Royal Dutch Shell both posted improved earnings.

Oil is hovering around the $58 per barrel range after recent comments from OPEC.

In economic news, incomes rose 0.5 percent in December and spending by individuals rose 0.7 percent, both in line with economist’s forecasts.

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