Boy, I needed some good news today. Now they need to start hiring.
NEW YORK - U.S. stocks resumed their rally Wednesday after a series of earnings reports came in better than expected.
Target Corp., Staples Inc. and Dell Inc. all reported earnings for last quarter that were above analysts' forecasts. Companies in the Standard & Poor's 500 are on track to report higher profits for a ninth straight quarter. But economic growth is weak around the world, and some economists worry that a second recession may be coming. That could pull down future results.
Target and Staples both gave profit forecasts that were above Wall Street's expectations, but Dell cut its prediction for revenue growth this year.