CNN/Money One for credit card only hard offer form at $9.95 One for risk-free form at $14.95 w/ $9.95 upsell  
Markets & Stocks
graphic

Stocks inch higher
Markets advance following strong earnings from Lehman, Goldman, improved housing info.
September 21, 2004: 9:46 AM EDT

NEW YORK (CNN/Money) - Higher-than-expected earnings from a pair of brokerages and a surprisingly strong housing starts report were among the factors giving stocks a slight lift early Tuesday.

After 10 minutes of trading, the Dow Jones industrial average (down 79.57 to 10,204.89, Charts), the Standard & Poor's 500 (up 1.50 to 1,123.70, Charts) index and the Nasdaq composite (up 5.58 to 1,913.65, Charts) all added a few points.

Goldman Sachs (GS: unchanged at $91.68, Research, Estimates) and Lehman Brothers (LEH: unchanged at $76.02, Research, Estimates) both posted third-quarter earnings that were higher than expected. Goldman's earnings grew from a year earlier, while Lehman's fell. Stocks of both companies rose in early trading.

In other earnings news, Adobe Systems (ADBE: up $2.23 to $50.18, Research, Estimates) reported earnings of 43 cents per share after the close Monday. That was more than expected and up from a year earlier.

Also adding early support: the morning release of a August homebuilding report. Housing starts rose to a 2 million unit annual rate from an upwardly revised 1.988 million unit rate in July. Economists expected starts to fall.

Building permits fell to a 1.952 million unit annual rate in August, down from a 2.066 million unit rate in July and a steeper fall than what analysts surveyed by Briefing.com were expecting.

Tuesday's biggest event is the Federal Reserve meeting and decision on interest rates, due at around 2:15 p.m. ET.

The central bank is meeting to discuss short-term interest rates, and is widely expected to boost the fed funds rate, a key overnight bank lending rate, by a quarter-percentage point to 1.75 percent. What the Fed says about future rate hikes will be closely watched as well.

YOUR E-MAIL ALERTS
Stocks
Economy
Shareholder Relations
Economic Indicators

Treasury prices fell, pushing the 10-year note yield up to 4.07 percent from 4.05 percent late Monday. Treasury prices and yields move in opposite directions.

In currency trading, the dollar was mixed versus the yen and euro.

Oil prices inched higher in the early going, with Brent oil futures up 22 cents to $43.12 a barrel in London trading.

In global trade, Asian-Pacific markets closed mixed, and European stocks rose at midday  Top of page




  More on MARKETS
The Winklevoss twins are Bitcoin bulls
Stocks finish higher for fourth straight week
Boeing is the new hedge fund favorite
  TODAY'S TOP STORIES
I started my business in 2013!
Signs of new housing bubble
Federal workers under fire




graphic graphic
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2013 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2013 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2013. All rights reserved. Most stock quote data provided by BATS.
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2013 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2013 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2013. All rights reserved. Most stock quote data provided by BATS.