Fox Business
Expand
Browse All Video
Watch Live

You're watching...

Morning Business Outlook: 1/11

Details

  • Description

    Investors snap up stocks on anticipation of positive profit reports

  • Duration 1:37
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

Good morning -- a rally continues on Wall Street stocks snapped out of a tight trading range with a big advanced Tuesday that pushed the Dow Industrials to the highest level since late July.

Huge gains in China and a fairly upbeat earnings outlook from aluminum giant Alcoa started the bulls off and running.

Investors snapped up stocks on this news in anticipation of more positive profit reports.

As -- -- he gets underway in earnest for corporate America.

Now the downside to an improving economy here and in China.

Fuel prices continue rising oil futures in New York rose almost a dollar topping under two bucks a barrel Tuesday.

Higher prices at the -- -- sap some spending power.

Triple A reports national average for gasoline is three dollars 37 cents a gallon up a dime from last week and 28 cents higher than it was a year ago.

Investors today are watching earnings in the consumer and home building sector Hershey store operator Supervalu and home builder Lennar both report their quarterly results today it will offer some.

In -- for investors into these key industry.

The Federal Reserve also release its Beige Book report at 2 PM eastern this anecdotal update on the US economy offers some insight into the Fed's view of regional economic activity.

And a virtual land grab was about to get under -- at the nonprofit that oversees Internet domain names start taking applications on Thursday.

For new top level addresses those of the domains that appear at the end of web locations.

Such as dot com or dot award.

I can't charged 185 grand -- domain owners that's more than twice the amount charged in 2000.

The last time it -- applications.

For more business -- log on to foxbusiness.com.

In New York I'm Robert great.

Load More