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Stock impact report

Dow falls from high, Micron earnings: Market Domination Overtime [Yahoo! Finance Canada]

Synovus Financial Corp. (SNV) 
Last synovus financial corp. earnings: 4/24 06:30 am Check Earnings Report
US:NYSE Investor Relations: investor.synovus.com
The Dow Jones Industrial Average ( ^DJI ) and the S&P 500 ( ^GSPC ) have pulled back from their all-time highs, with the Dow snapping its four-day winning streak. Citi US equity strategist Drew Pettit believes the Federal Reserve's interest rate cut is behind the most recent market action. He explains, "I think the Fed, and honestly heading into the Fed decision, interest rates across the curve coming down gave people more confidence to look through some potential softness in the labor market, maybe a little bit of softness in earnings macro data, even the housing data today, out the other side to say, 'Hey, the Fed isn't going to be as far behind the curve. That's OK. I can start positioning for the recovery.' And we've seen not just the secular stories work, but we've seen some of the cyclical stories start to work, at least since the mid-July interim peak." Micron ( MU ) reported fiscal fourth quarter results that topped estimates on both the top and bottom lines . The stock soa Show less Read more
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