After a wild third quarter, the market seems to have stabilized a bit this week, in spite of a late Friday drop. With little macro-data news, investors turned their focus to Europe's debt crisis and third-quarter earnings season. Company-specific news drove stocks; here's a closer look at some of the S&P 500's most notable movers.
Goodyear this week announced it's developing a tire that automatically stays inflated to the proper tire pressure, thanks to an embedded miniature pump. The technology will help motorists save on gas and also will mean they won't have to change their tires as frequently, the company says.
Investors might be atwitter over the so-called Hindenburg Omen, a technical indicator flashing a red alert for an imminent market crash. But the odds of it being right are long to non-existent, experts say.
Goodyear Tire & Rubber reported Thursday it earned $107 million, or 44 cents a share, reversing a year-ago fourth-quarter loss of $330 million, or $1.37 a share. Despite a challenging economy, the tire maker handily beat analysts' estimates of a loss of 9 cents a share.
