It was a big week for GE as the manufacturing titan reported a great Q4.GE had a big jump in orders and its first revenue increase in two years.It's a sign of rising capital expenditure and a recovering industrial base as companies purchase GE's broad range of big products.
The New York Knicks had a small Friday night in San Antonio as the Spurs dealt them a 101-92 loss at AT&T Center.The Spurs have the best record in the NBA at 37-6.Tony Parker shot 21 points with 13 assists for the victors on a pleasant Texas night.It was the Spurs' eighth straight win.For the Knicks,Danielo Gallinari shot 16 points,while Amare Stoudemire had 23 points and Raymond Felton 18,respectively.
The Mid-Atlantic region was partly cloudy and chilled into the teens or single digits Friday night,with Saturday night expected to fall likewise.
For the week,the Dow rose 84.46,while the S&P dropped 9.89 and the NASDAQ stumbled 65.76,or 2.4%.The S&P futures pointed up 3.50 Friday evening,and the 10 year bond futures yield rose as well.Next week,Caterpillar and American Express will report their earnings.
General Electric(GE),Caterpillar(CAT),American Express(AXP)
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