Dow dips 50 ahead of Bernanke; Dell profit tops $733M
CBS News
Transcript
[Music] Wall Street will have one eye on Jackson hle Wyoming today that's where Federal Reserve chairman Ben banki will be to address the central bank's annual conference investors will be listening for signs at the FED might cut interest rates at next month's meeting on Wall Street Thursday news that the economy grew at its fastest Pace in a year failed to spark a rally in the end the DOW Industrials gave back 50 points the NASDAQ Composite inched up to strong earnings from Dell could help keep tech stocks afloat today the world's number two PC maker beat analyst estimates with quarterly profits of $733 million sales were also better than expected at 15 billion helping the bottom line Dell's recent deal to sell its PCS at Walmart and it wasn't price gouging that pushed prices at the pump higher Federal Regulators say rising demand Refinery outages and soaring crude prices are to blame for record prices at the pump this spring and last summer the ftc's probe found no evidence of a conspiracy to choke Supply and it is a little cheaper this week to finance the American dream the average interest rate on a 30-year mortgage fell to 6.45% that's down from 6.52% last week and for a 15-year loan the average rate is now 6.12% that's your money watch log on to cbsnews.com for more in New York I'm Alexis christopherus