Microsoft Corp. (MSFT) and Tax Stimulus Boost Investor Confidence
Stock index futures rose on Friday as strong earnings from Microsoft Corp (NasdaqGS:MSFT - News) and a speedy agreement on a U.S. economic stimulus package helped boost investor confidence.
Shares of Ambac Financial Group Inc's (NYSE:ABK - News) rose on a London newspaper report that investor Wilbur Ross is in serious talks to take over the bond insurer. Concerns insurers might lose their top credit ratings forcing massive bond losses for investors have weighed on global markets all week.
Microsoft raised its full-year earnings outlook above Wall Street targets and reported a 79 percent rise in quarterly profit.
Shares of Ambac Financial Group Inc's (NYSE:ABK - News) rose on a London newspaper report that investor Wilbur Ross is in serious talks to take over the bond insurer. Concerns insurers might lose their top credit ratings forcing massive bond losses for investors have weighed on global markets all week.
Microsoft raised its full-year earnings outlook above Wall Street targets and reported a 79 percent rise in quarterly profit.
Labels: ABK, Ambac Fiancial Group Inc., Microsoft Corp., MSFT, Tax Stimulus
posted by Stock Administrator @ 8:40 AM
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