The 2013 forecast has been left the same at 1.8% but the economy is only expected to grow by 0.6% in 2012, down from previous forecast of 0.8%.
Some cable orders just being reported, with decent dip-buying interest around 1.5760 and sell orders also reported near 1.5890.
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CVLT dips 4.2% on hold rating; SNOW +3.4% on GPT 5.5. NVDA +3.6% on AI sentiment.
Biogen's Q1 revenue seen down 8.3% YoY. Last quarter beat, but peers up 11% while BIIB dips 3.9%.
HHH revenue down 36.5% despite beat, stock drops 20.9%. REAX revenue up 44.1% but stock down 26.2%.
FirstEnergy's Q1 earnings up 7.5% on infrastructure spend. Predictable returns via formula rates.
OXY's revenue fell 20.7%, missing estimates, yet its stock is up 21.5%. Peers saw mixed results, with E&P stocks up 11.7% avg.
Qatar offers 40% business support amid regional risks. IMF forecasts -8.6% GDP contraction.
General Mills stock drops 27.5% on shrinking volumes & EPS decline. Valuation is fair, but risks outweigh.
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