While you were sleeping US jobs data beats estimates

Thu, 25 Apr 2013

By Margreet Dietz April 26 (BusinessDesk) - Better-than-expected US jobs data helped propel Wall Street as did corporate earnings that exceeded expectations such as from United Parcel Service. "Companies have gotten very good at controlling expectations. This has been a pattern of crunching down of estimates prior to earnings being released, and when earnings come out, they beat the number," Stephen Massocca, managing director at Wedbush Equity Management in San Francisco, told Reuters. "Every earnings season, the bar is somewhere where they...

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