Home Wealth  Money Dell Gets The Party Started, Fed Talks Last Call

Dell Gets The Party Started, Fed Talks Last Call

Posted: May. 19th, 2011  |  By Forbes

powered by Forbes

RSS Syndicated News Email a Friend Suggest an Article Share Visit Website

Stocks held on to most of their earlier gains as investors digested a Fed announcement at 2:00 p.m. The Fed said raising interest rates to curb inflation was discussed at its meeting in April, but will not have to start anytime soon.

A stellar earnings report from Dell (nasdaq: DELL - news - people ) jump-started the rally this morning. Analog Devices (nyse: ADI - news - people ) also surprised investors with better than expected earnings. Retailers Target (nyse: TGT - news - people ) , WalMart (nyse: WMT - news - people ) and BJ's Wholesale Club (nyse: BJ - news - people ) all beat analyst estimates. That news was followed by a slew of analyst upgrades including American Electric Power (nyse: AEP - news - people ) and Ford .

Among losers, Staples (nasdaq: SPLS - news - people ) () posted disappointing profits and revenues for its first quarter.

All three major averages closed in positive territory for the first time in several trading sessions.

Market News Video produces and distributes online videos about stocks and investing.

Share on Facebook Share
See Next Article
Need to Get Away?
Top 10 Business Hotels
Who says you can’t mix business with pleasure?
Read More
More Articles from Forbes.com

Quick Links
Real Estate
Luxury Travel
Search Real Estate
Find Your Dream Home
Search for homes by
State, Country or Style.
Event Calendar
Current News & Features
Dined at the Best Michelin Starred Restaurants in Asia Yet?
A Passion For Wine, Redefined
Olympic Star Torah Bright Drives Hard With Porsche
Get An Inside Look At Bang & Olufsen's Design Process
Understanding the History & Profiles of Southwest France Wines
Singapore Luxury Real Estate: Back to a Buyer's Market
Sail The Seven Seas With Ease In The Oyster 625 Bandido
The Montblanc Meisterstück Is On Point
The Winning Wines of the 2015 En Primeur Campaign
Say Hello To The iPad Pro
See the complete list
Featured Photo Gallery
See the complete list