Friday, September 07, 2007
U.S. stock indexes end with weekly losses
DJIA
13,113
-249.97
S&P
1,453
-25.00
NASDAQ
2,565
-48.62
10Yr
4.37%
-0.132
U.S. stock indexes end with weekly losses
NEW YORK
U.S. stocks sold off Friday, with the major indexes all ending with
weekly losses, after a jolting decline in August employment -- the first
such drop in nearly four years -- sparked worries the country could be
headed for a recession.
John Dvorak's Second Opinion: The iPhone ignited smart-phone mania, for
the moment
BERKELEY, Calif.
A couple of years back, nobody except Research In Motion Ltd. with its
BlackBerry could get much traction with a so-called smart phone. Now,
because of the iPhone, everybody's taking another run at the category.
Economic Report: U.S. nonfarm payrolls drop by 4,000 in August
WASHINGTON
U.S. employers cut back their hiring in August for the first time in
four years, government data released on Friday showed, a major surprise
that undercuts optimism about the economic outlook and makes a Federal
Reserve interest rate cut later this month much more likely.
Commodities Corner: OPEC walks a tightrope as oil prices near a record
SAN FRANCISCO
The world's major oil producers have a big decision to make when they
meet next week: how to deal with signs of softening global economies and
the usual run up in fourth-quarter oil demand as crude prices head
toward record levels.
Hovnanian, Beazer news caps tough week for home builders
BOSTON
Residential builder stocks, which were hit earlier this week by a plunge
in pending home sales, were under pressure again Friday on quarterly
losses and renewed bankruptcy fears.
