Thursday, September 06, 2007
U.S. stocks close higher boosted by economic data
DJIA
13,363
+57.88
S&P
1,478
+6.26
NASDAQ
2,614
+8.37
10Yr
4.50%
+0.008
U.S. stocks close higher boosted by economic data
NEW YORK
U.S. stocks rose Thursday, boosted by mostly positive economic data and
better-than-expected August sales at U.S. retail chains including Dow
component Wal-Mart stores.
Apple's Jobs apologizes over iPhone price cut
SAN FRANCISCO
Apple Inc. Chief Executive Steve Jobs responded to customer
dissatisfaction over the company cutting the price of its high-end
iPhone by apologizing and offering iPhone buyers a $100 store credit
toward any Apple product.
New foreclosures set record in latest MBA survey
CHICAGO
The number of mortgage loans entering the foreclosure process in the
second quarter set another record, according to the latest data from the
Mortgage Bankers Association.
The Fed: Fed officials upbeat on economic conditions
WASHINGTON
Federal Reserve officials said Thursday that current economic conditions
are good and the financial turmoil hasn't hurt Main Street.
Back-to-school and luxury shopping lifts August sales
NEW YORK
Back-to-school purchases and luxury shopping fueled U.S. retail chains'
better-than-expected August sales, defying a widespread concern that a
slowing housing market and a credit crunch would crimp consumer
spending.
