Thursday, October 11, 2007
U.S. stocks end lower as techs lead sharp reversal
DJIA
14,015
-63.57
S&P
1,554
-8.06
NASDAQ
2,772
-39.41
10Yr
4.66%
+0.012
U.S. stocks end lower as techs lead sharp reversal
NEW YORK
U.S. stocks saw a dramatic reversal to finish lower on Thursday, with
the Dow first sitting at record highs on a gain of over 100 points
before plunging to a loss of over 100 points, with traders citing
profit-taking in technology shares as the main culprit.
The Fed: Discount window borrowing remains rare
WASHINGTON
U.S. banks tapped the Federal Reserve's discount window for $40 million
on Wednesday, the Fed said Thursday, indicating that borrowing from the
Fed remains very rare.
Ahead of the Curve: Auto workers may face a tougher fight at Ford
SAN FRANCISCO
The United Auto Workers, fresh off two short strikes and two significant
labor deals, has saved the toughest for last.
Wal-Mart raises profit forecast; shares up 3%
NEW YORK
Wal-Mart Stores Inc., the world's largest retailer, raised its
third-quarter profit forecast, benefited by cost controls even amid
sales shortfall. Wal-Mart shares rose 2.9%.
