Join The Discussion

 

RadioShack sees stock jump on investment report

Fort Worth-based RadioShack saw its stock increase as much as 45 percent on Friday as investor Standard General LP said it was continuing talks on new financing for the electronics retailer.

read more >

Fort Worth couple gets in 'Shark Tank,' comes out with deal

A Fort Worth couple who started a business when they couldn’t sleep, were the first entrepreneurs to get a deal on ABC’s Shark Tank in the season premiere on Sept. 26.

read more >

20 from Dallas-Fort Worth on Forbes wealthiest list

There are 20 Dallas-Fort Worth residents listed among the 400 richest Americans, according to the Forbes 400 list of The Richest People in America 2014.

read more >

Internal audit says EPA mismanaged Fort Worth project

FORT WORTH, Texas (AP) — An internal audit by the U.S. Environmental Protection Agency reveals the agency mismanaged an experiment using new ways to demolish asbestos-ridden buildings.

read more >

Texas Wesleyan acquires two strip shopping centers on East Rosedale

Texas Wesleyan University has purchased two strip shopping centers on East Rosedale Street across from its Southeast Fort Worth campus, the university’s president said Friday.

read more >

Stocks: Nothing holding the market back
 

By Gregory Wallace

NEW YORK (CNNMoney) — With the government shutdown and debt ceiling showdown in the rear view, investors can breathe a sigh of relief — for now.

They'll turn their attention back to the economy and earnings.

The September jobs report, delayed by the government shutdown, will finally be released Tuesday. The report was originally scheduled to come out on October 4. According to economists surveyed by Briefing.com, it is expected that 183,000 jobs were added last month and that unemployment rate remained steady, at 7.3 percent.

This report won't provide any clues as to the effects of the government shutdown. But weekly jobless claims reports have already shown that impact. Last week's report, which covered the first portion of the shutdown, revealed unemployment filings from about 70,000 federal workers. Many will be forced to pay the benefits they received back, as Congress has approved to retroactively pay federal workers.

Stocks may also set some more records. The major U.S. indexes are all up sharply this year and held up well despite fears of a possible debt default. The S&P 500 ended the week at an all-time high while the Dow is about 2% off its peak of 15,709.60 from last month. The tech-heavy Nasdaq was even above 3,900. It hasn't been that high since the dot-com bubble burst in 2000.

Last week, the Nasdaq gained 3 percent, including 1percent growth on Friday. The S&P added 2 percent — and posted only one losing day last week — and the Dow was up about 1 percent on the week.

Keeping an eye on earnings: The federal government shut down after the third quarter closed, but two of the largest federal government contractors may give some clues about the damage that was done during their latest earnings reports.

Lockheed Martin Corp., which reports results Tuesday morning, received almost $40 billion in government contracts last year and blamed the shutdown for causing at least 3,000 employee furloughs at the company. Dow component Boeing releases earnings Wednesday morning. It landed nearly $30 billion in contracts last year, according to the General Services Administration.

Many other several high-profile companies are on tap to report their latest numbers, including McDonalds, Netflix, Caterpillar, Ford Motor, AT&T, Microsoft and Amazon.com.

New iPads coming? The biggest tech event of the week isn't likely to be an earnings report. Apple, which isn't set to release its latest results until October 28, is holding an event on Tuesday. The company is widely expected to unveil its latest iterations of its iPad tablet. Apple's stock is still well below its all-time highs from September 2012. But shares have rebounded lately and are back above $500 thanks to indications of strong demand for its new iPhone 5S. Apple investors will be hoping that the new iPads will continue its recent hot streak.

 

< back

Email   email
hide
Arena
What do you think of the new plans for a new Will Rogers arena and changes at the Convention Center?