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The Markets Now: Stocks Rise, Hewlett-Packard Surges 10%
Stocks rose after two days of declines. Hewlett-Packard (NYSE:HPQ) surged 10.12% to $18.8 after first-quarter earnings fell but beat Wall Street expectations earning $1.2 billion or $0.63 per share compared to $1.5 billion or $0.73 per share a year ago. Revenue also dropped by 6% to $28 billion from $30 billion a year earlier. It is predicted that the economy in the eurozone will shrink for the second year European Union economists say. The eurozone is expected to shrink 0.3% this year down from November's outlook of 0.1% growth. But it is also predicted that the economy will improve ...
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