Thursday, October 04, 2007
U.S. stocks finish with small gains before employment data
DJIA
13,974
+6.26
S&P
1,542
+3.25
NASDAQ
2,733
+4.14
10Yr
4.52%
-0.020
U.S. stocks finish with small gains before employment data
NEW YORK
U.S. stocks on Thursday finished with modest gains after lingering on
either side of unchanged for much of the day, with investors reluctant
to make big moves ahead of Friday's employment report, which could
determine whether the Federal Reserve again cuts interest rates at the
end of October.
Economic Outlook: Private-sector payrolls is the number to watch
WASHINGTON
Job growth will probably look much better in the September data than it
did in August, but economists don't think the improvement will say much
one way or the other about how the economy is doing.
Research in Motion earnings double in second quarter
SAN FRANCISCO
Research in Motion doubled its bottom line in its second fiscal quarter
thanks to strong sales of its BlackBerry line of smart phones.
Commercial paper rises for first time since credit crunch
WASHINGTON
The level of outstanding commercial paper -- top-rated short-term debts
issued by corporations -- increased on a seasonally adjusted basis for
the first time in eight weeks in the week ending Wednesday, the Federal
Reserve said Thursday.
Number of minority home buyers down in 2006
CHICAGO
The total number of minority home buyers who took out a mortgage dropped
7.1% in 2006, led by a 21.5% decrease in the number of Asian-American
buyers. But the number of African-American home buyers actually rose
slightly last year, reflecting a 0.6% increase over 2005, according to a
study released on Thursday.
