Thursday, August 30, 2007
Stocks end mostly lower; market awaits Bernanke
DJIA
13,238
-50.56
S&P
1,457
-6.12
NASDAQ
2,565
+2.14
10Yr
4.50%
-0.051
Stocks end mostly lower; market awaits Bernanke
NEW YORK
U.S. stocks finished a volatile trading session mostly lower Thursday,
as jitters dominated sentiment ahead of Federal Reserve Chairman Ben
Bernanke's speech tomorrow, with Wal-Mart Stores leading the Dow lower
after the retailer's shares were cut to sell by Merrill Lynch.
Dell's profit rises 46% as sales show slight increase
SAN FRANCISCO
Dell Inc. reported a 46% gain in second-quarter earnings Thursday, which
the world's No. 2 computer company credited to strong sales of computer
servers and notebook PCs.
Justice Department, states split on Microsoft's behavior
SAN FRANCISCO
Regulators at the U.S. Justice Department on Thursday gave Microsoft
Corp. a passing grade on its competitive behavior since 2002, but a
group of states had a more negative assessment of the software giant
some three months ahead of the scheduled expiration of an antitrust
settlement.
The Fed: Bernanke not likely to signal rate cut, Fed watchers say
WASHINGTON
With Wall Street in turmoil weeks after the Fed took extraordinary steps
to calm the financial markets, investors will be closely watching a
speech by Federal Reserve Chairman Ben Bernanke on Friday for hints that
the Fed will lower its key overnight lending rate.
Normally safe commercial paper market can't escape credit crunch
SAN FRANCISCO
Before this summer, few investors probably bothered to understand a
rather staid and highly specialized part of modern financing: commercial
paper.
