Lunchtime reading - 11:55AM

Morgan Stanley Sets Aside 72% of Revenue for Employees’ Pay - Bloomberg CIT Hit With Interest Rate More Than 25 Times Libor (Update2) - Bloomberg Wells Fargo’s Bad Loans Rise in Quarter; Shares Drop (Update2) - Bloomberg Morgan Stanley Loss Misses Estimates on Debt Costs (Update2) - Bloomberg Week-to-week mortgage filings up 2.8% as rates rise: MBA - MarketWatch Whirlpool shares off 10% as profit falls on weaker demand - MarketWatch Apple smashes profit forecasts, iPhone shines - Reuters

Market wrap - 4:15PM

The market didn't see the CAT earnings quite as good as CNBC. The stock traded lower for the day after a large run up pre-market. All indexes were down most of the morning due to dollar weakness and the Bernanke testimony. Around 1:00 or a little after the steady climb upward, to close at: Dow 8,915.19 +67.04 (0.76%) S&P 500 954.54 +3.41 (0.36%) Nasdaq 1,916.20 +6.91 (0.36%) Gold 947 -2 -0.20% Oil 64.72 +0.74 +1.16% Today by sector: Today's heatmap:

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After the bell earnings - AAPL, AMD,SBUX,YHOO