Tuesday, September 25, 2007
U.S. stocks finish mixed to higher; tech stocks gain
DJIA
13,778
+19.59
S&P
1,517
-0.52
NASDAQ
2,683
+15.50
10Yr
4.61%
-0.010
U.S. stocks finish mixed to higher; tech stocks gain
NEW YORK
U.S. stocks finished mixed to higher Tuesday with the Nasdaq leading
tech-fueled gains, but with some weakness seen in the broad market after
reduced sales forecasts from two major retailers and
better-than-expected existing home sales for August.
Economic Report: Glut of unsold homes rises to 18-year high even as
prices fall
WASHINGTON
In a sign that the housing slump is far from over, home resales slipped
for the sixth month in a row in August as the credit squeeze forced many
sales to fall through, the National Association of Realtors reported
Tuesday.
Lowe's to continue expansion despite weaker housing market
NEW YORK
Lowe's Cos. is keeping its expansion plans on track, with a focus on
opening new stores in cities and surrounding areas as it struggles with
the weak housing market and cautious consumers.
Target cuts sales forecast; analysts prune estimates
NEW YORK
Target Corp. slashed its forecast for September sales at stores open
more than a year, citing weaker-than-expected traffic, prompting some
analysts to trim forecasts for the discount retailer.
Low-cost carriers add lounges, leather seats to woo high fliers
LONDON
Lounges, leather seats, extra leg room, speedy boarding and
frequent-flyer miles: new-style, low-cost airlines aren't skimping on
the extras in their effort to woo high fliers.
