Friday, August 17, 2007
Stocks close with daily gains, weekly losses
DJIA
13,079
+233.30
S&P
1,445
+34.67
NASDAQ
2,505
+53.96
10Yr
4.67%
+0.073
Stocks close with daily gains, weekly losses
NEW YORK
U.S. stocks surged Friday, with the Dow adding more than 200 points,
after the Federal Reserve's unexpected intervention, yet still ended
with weekly losses.
Oil drillers brace for Hurricane Dean
NEW YORK
Oil drillers began pulling employees from the Gulf of Mexico on Friday
as Wall Street trains its eye on Hurricane Dean's path in coming days.
Fed cut to discount rate won't impact major industrials
NEW YORK
Large-equipment manufacturers using unsecured, short-term debt, or
commercial paper, for everything from payroll to funding customer
transactions aren't likely to benefit directly from Friday's Federal
Reserve cut to the discount rate.
The Fed: Will the Fed's Friday rate cut work to restore calm?
WASHINGTON
The Federal Reserve took a bold step Friday in cutting the discount rate
and offering to be the lender of last resort to a shaky financial
system, but most observers on Wall Street think the Fed has more work to
do to comfort shaky financial markets and prevent more serious problems
from developing in the economy.
John Shinal's Tech Investor: While Wall Street panics, Silicon Valley
hums along
SAN FRANCISCO
In a turnabout from seven years ago, the latest bubble to burst is more
of a New York thing.
