Tuesday, September 11, 2007
Wall Street snaps two-day losing streak; Fed rate cut in focus
DJIA
13,308
+180.54
S&P
1,471
+19.79
NASDAQ
2,597
+38.36
10Yr
4.36%
+0.040
Wall Street snaps two-day losing streak; Fed rate cut in focus
NEW YORK
Stocks closed higher Tuesday, snapping a two-day losing streak, with the
Dow industrials buttressed by fast-food giant McDonald's Corp.'s solid
August sales and word from General Motors Corp. that it is enticing
buyers with fewer incentives.
Commodities Corner: OPEC's raising output, but oil prices rally anyway
SAN FRANCISCO
It's a bit of a mystery why crude futures closed at a record level
Tuesday, even after some of the world's biggest oil producers agreed to
a hefty increase in oil output levels.
Futures Movers: Crude futures close at a record high after OPEC move
SAN FRANCISCO
Crude-oil futures marked their highest closing level ever for a
benchmark contract on the New York Mercantile Exchange Tuesday after
some of the world's major oil producers decided to raise their daily
output by 500,000 barrels per day, starting Nov. 1.
The Fed: Bernanke sees progress in cutting global imbalances
WASHINGTON
Federal Reserve Board Chairman Ben Bernanke said there has been some
progress in recent months in reducing the global trade imbalances.
Vital Signs: Growth in health-plan costs slows, but still up 6.1%
SAN FRANCISCO
Employers' health-insurance premiums grew 6.1% in 2007, marking the
slowest annual growth rate since 1999 but still outstripping increases
in workers' earnings and general inflation, according to a widely
tracked study.
