The Miami Heat overpowered the New York Knicks 99-89 Friday night at American Airlines Arena in Miami,bringing their record up to 14-5.After missing six games with a bad ankle,Dwayne Wade returned to the court for Miami.The story here is Dwayne Wade,said commentator and NBA great Magic Johnson.He makes everybody on the Heat team that much better.Wade scored 28 points on the night.
New York's Billy Walker was outstanding from a distance,shooting a career high seven three-pointers,ending up with a total of 21 points.As a team,the Knicks hit a remarkable 18 threes on the evening.They did little else well,however,missing their star Carmelo Anthony,who was sidelined with wrist and thumb injuries.
The market was nondescript this week,with the broadly based S&P 500 Index basically flat with a tiny weekly gain of 0.07%.Several mixed earnings reports were received from the likes of Ford,3M and AT&T,and GDP growth was a disappointing 2.8,missing the estimate of 3.0 for Q4 2011.So far this earnings season,only 59% of reports have exceeded estimates,which is below average.
Next week,earnings from Exxon Mobil,Pfizer,Qualcomm and Sony are on the calendar,as well as the important monthly readings from the Institute for Supply Management and the January employment report.The sports scene will be in the grip of pre-Super Bowl excitement as the New York Giants and New England Patriots complete their preparations for the mega American football game.
The S&P futures dropped 2.80 Friday evening,and bond index futures rose.
Exxon Mobil(XOM),Pfizer(PFE),Qualcomm(QCOM),Sony(SNE)
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