World Economic Movement

U.S. Stocks Gain, Erasing Losses From Rout, on Profit Optimism

G-7 Confident Global Trade, Growth Gaps Shrinking

The US stock market seems to keep pushing upward. The companies keep reporting profits that are increasing. Unemployment seems to be holding steady and possibly dropping from historic levels. Even with all of our issues we are maintaining a solid long term growth.

The world's economy is now pulling the US along a bit. The regions are starting to grow in significance. The world is no longer so influenced by the movement of one country. A multi pole universe will lead to a greater amount of stability and growth. Hopefully people will live better lives...

`Reassuring'

First-quarter earnings among S&P 500 companies probably rose 3.1 percent, ending a 14-quarter streak of at least 10 percent growth, according to analyst estimates compiled by Bloomberg. That streak is the longest since 1950.

Full-year earnings growth may slow to 6.2 percent, before reaccelerating to 10.9 percent in 2008, analyst estimates show.