Western Digital ( WDC ) announced earnings for its second fiscal quarter on January 22, reporting a 4% growth in revenues from the same period last year. The company’s net revenues in the quarter were almost $4 billion which
“The headlines may tell you that a slowdown in China was the driver for the market’s biggest drop since June,” noted Schaeffer’s Senior Technical Strategist Ryan Detrick, CMT. “I’m not totally buying that, but whatever the true reason China,
It’s another feeding frenzy on Wall Street today, with money flowing out of equities and into bonds and other interest rate sensitive markets as traders take advantage of growing currency instability in Turkey, Argentina and Thailand. U.S. stock indices