Thursday, August 16, 2007
Stocks recover from steep losses to finish mixed
DJIA
12,845
-15.69
S&P
1,411
+4.55
NASDAQ
2,451
-7.76
10Yr
4.60%
-0.106
Stocks recover from steep losses to finish mixed
NEW YORK
U.S. stocks experienced a dramatic reversal in the final hour of trade
Thursday, helping the Dow industrials to recover most of a 340-point
deficit to finish only slightly lower.
H-P earnings jump 29% on strong PC sales
SAN FRANCISCO
Hewlett-Packard Co. said Thursday that earnings for the third-fiscal
quarter jumped 29%, thanks to strength in PC sales along with a decline
in prices for components such as memory chips.
Mining, metals companies hammered on debt jitters, M&A chill
SAN FRANCISCO
Shares of metals and mining stocks were hammered in the stock market
Thursday, as debt market jitters sank metals prices and the sector's M&A
frenzy seemed more likely to stall.
Bigger cash hoard doesn't mean Countrywide's safe yet
SAN FRANCISCO
Countrywide's move to draw down a $11.5 billion credit line gives the
largest U.S. home lender a needed shot in the arm as credit markets
tumble across the world.
Economic Report: U.S. housing starts hit 10-year low in July; permits
also lower
WASHINGTON
U.S. home builders cut back again in July, starting construction on the
fewest number of new homes in more than 10 years, the Commerce
Department reported Thursday.
