Monday, September 24, 2007
U.S. stocks close lower as Fed-fueled rally ends
DJIA
13,759
-61.13
S&P
1,517
-8.02
NASDAQ
2,667
-3.27
10Yr
4.62%
-0.008
U.S. stocks close lower as Fed-fueled rally ends
NEW YORK
U.S. stocks fell on Monday, save for pockets of strength among
technology shares, as investors consolidated strong gains seen last week
after the Federal Reserve's hefty rate cut.
Strike shuts down GM as labor talks grind on
SAN FRANCISCO
United Auto Workers walked off their jobs Monday at General Motors Corp.
after more than a week of intense negotiations failed to produce a new
labor contract.
Housing market may face more bad news in data, builder earnings
BOSTON
The housing market will again be in focus this week as investors brace
for expected reports on August new- and existing-home sales, while two
of the nation's largest home builders are slated to report financial
results that will likely include quarterly losses and write-downs.
BHP gains on optimism over potential for big gold discovery
LONDON
Shares of BHP Billiton climbed to a record high in Sydney on Monday and
traded strongly in London on a report that the mining giant was expected
to announce what's the potentially largest gold resource in the world at
its Olympic Dam mine in South Australia.
