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Mattel Shares on the Rise
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Description
FBN's Liz MacDonald breaks down mid-afternoon market news.
- Duration 0:59
- Date Jul 17, 2012
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Transcript
This transcript is automatically generated
This is great -- -- -- on Wall Street continues.
Around a strong earnings are pushing stocks higher in afternoon trading.
The markets had taken a downturn at the Federal Reserve Chairman Ben Bernanke offered few clues about another round of stimulus to support the economy.
Now Mattel shares are trading near their highest in a year after better than expected second quarter earnings.
The toy maker says it continued to build momentum with key brands including Barbie Fisher Price and hot wheels among its top sellers.
And the national association of homebuilders housing market index.
Surgeons -- a five year high in July.
They NAHB index climbing to 35 from June's reading -- twenty ninth also marks the largest month over month gain since September 22.
And that's the latest from the Fox Business Network.
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