Tuesday, October 30, 2007
U.S. stocks end lower ahead of Fed's next interest-rate move
DJIA
13,792
-77.79
S&P
1,531
-9.96
NASDAQ
2,816
-0.73
10Yr
4.38%
0.000
U.S. stocks end lower ahead of Fed's next interest-rate move
NEW YORK
Stocks declined Tuesday, with Apple Inc.'s sales offering a late lift to
technology stocks amid ongoing speculation about the Federal Reserve's
next interest-rate move, and on Procter & Gamble's warning that rising
commodity prices would dent profit.
Apple's Leopard leaps, but will Mac sales follow?
SAN FRANCISCO
Apple Inc. saw booming sales of the latest version of its operating
system over the weekend, which may help boost momentum for the company's
line of Mac computers during the holiday season.
Economic Report: Home prices falling at record pace in August:
Case-Shiller
WASHINGTON
The 13-month-long decline in home prices in 20 major U.S. cities
accelerated in August, with prices dropping a record 0.7% in the month,
according to the Case-Shiller price index released Tuesday by Standard &
Poor's Corp.
Procter & Gamble profit jumps 14%; sees margin pressure
SAN FRANCISCO
Consumer-products giant Procter & Gamble Co. said Tuesday quarterly
income grew 14% on the year, helped by sales of laundry products,
fragrances, razor blades and diapers.
Congress approves seven-year Internet tax ban
WASHINGTON
Internet-access taxes and other Web-related levies would remain
prohibited through 2014, according to legislation that cleared the House
without opposition Tuesday.
