Post by unlawflcombatnt on Oct 29, 2007 15:49:46 GMT -6
from Yahoo News:
Market Summary
"The Dow Jones industrial average rose 63.56, or 0.46 percent, to 13,870.26.
Broader stock indicators also gained. The Standard & Poor's 500 index rose 5.70, or 0.37 percent, to 1,540.98, while the Nasdaq composite index rose 13.25, or 0.47 percent, to 2,817.44.
Treasury bond prices rose modestly.... The yield on the 10-year Treasury note, which moves inversely to the price, slipped to 4.38 percent, from 4.41 percent late Friday...."
(Which means investor demand has Increased, and investors are buying Treasuries)
"The dollar was mixed against rival currencies, while gold prices rose to 27-year highs.
Light, sweet crude for December rose $1.67 to settle at a record $93.53 a barrel on the New York Mercantile Exchange after rising as high as $93.80.
Though record-high crude prices and rising metal prices hurt consumers, they helped boost the stocks of companies who sell commodities. ExxonMobil Corp. and Alcoa Inc. were among the biggest gainers in the Dow.
Alcoa rose $1.08, or 2.7 percent, to $40.43, and ExxonMobil rose $1.40 to $93.61.
...an earnings report from electronics retailer RadioShack Corp. encouraged Wall Street. RadioShack, after swinging to a third-quarter profit thanks to reduced expenses and improved inventory, rose 4.1 percent....
Worries about Office Depot Inc...caused the retailer's shares to drop...14.1 percent... Three analysts downgraded the stock after the company said it will postpone its third-quarter earnings report."
(To keep potential buyers in the dark about the company's sinking status. How's that for "transparency.")
"Earnings so far have generally shown weakness in the financial and housing sectors....
Nearly 300 companies in the S&P 500 reported 3rd-quarter earnings by last Friday, and on average posted a
profit decline of 4.9 percent, said Nick Raich, director of equity research for National City's private client group...."
300 S&P companies reported an average earnings DECLINE of -4.9%.
Market Summary
"The Dow Jones industrial average rose 63.56, or 0.46 percent, to 13,870.26.
Broader stock indicators also gained. The Standard & Poor's 500 index rose 5.70, or 0.37 percent, to 1,540.98, while the Nasdaq composite index rose 13.25, or 0.47 percent, to 2,817.44.
Treasury bond prices rose modestly.... The yield on the 10-year Treasury note, which moves inversely to the price, slipped to 4.38 percent, from 4.41 percent late Friday...."
(Which means investor demand has Increased, and investors are buying Treasuries)
"The dollar was mixed against rival currencies, while gold prices rose to 27-year highs.
Light, sweet crude for December rose $1.67 to settle at a record $93.53 a barrel on the New York Mercantile Exchange after rising as high as $93.80.
Though record-high crude prices and rising metal prices hurt consumers, they helped boost the stocks of companies who sell commodities. ExxonMobil Corp. and Alcoa Inc. were among the biggest gainers in the Dow.
Alcoa rose $1.08, or 2.7 percent, to $40.43, and ExxonMobil rose $1.40 to $93.61.
...an earnings report from electronics retailer RadioShack Corp. encouraged Wall Street. RadioShack, after swinging to a third-quarter profit thanks to reduced expenses and improved inventory, rose 4.1 percent....
Worries about Office Depot Inc...caused the retailer's shares to drop...14.1 percent... Three analysts downgraded the stock after the company said it will postpone its third-quarter earnings report."
(To keep potential buyers in the dark about the company's sinking status. How's that for "transparency.")
"Earnings so far have generally shown weakness in the financial and housing sectors....
Nearly 300 companies in the S&P 500 reported 3rd-quarter earnings by last Friday, and on average posted a
profit decline of 4.9 percent, said Nick Raich, director of equity research for National City's private client group...."
300 S&P companies reported an average earnings DECLINE of -4.9%.