The earnings hit parade keeps on rolling, but not in the directions bulls wanted or expected. And with stocks priced well beyond perfection, today's reaction should hardly be a surprise. Yet, treasury yields soared once again in spite of poor earnings, and in spite of a flat industrial production report.
Wal-Mart, Macy's, Kohl's Cut Profit Outlook
The former head of the United States' Central Intelligence Agency Michael Hayden said on Friday it "goes without saying" that Chinese telecoms giant Huawei spies for Beijing. Speaking to the Australian Financial Review, Hayden claimed China was engaged in unrestricted espionage against the West and said it was his belief that Huawei would have shared information with state agencies.