Monday, October 22, 2007
Wall Street rebounds, revived by technology stocks
DJIA
13,566
+44.95
S&P
1,506
+5.70
NASDAQ
2,753
+28.77
10Yr
4.39%
-0.008
Wall Street rebounds, revived by technology stocks
NEW YORK
Stocks rebounded Monday on strength in technology stocks with investors
expecting solid numbers from two of the sector's larger players, both
scheduled to report on profits after the closing bell.
Futures Movers: Crude falls on profit-taking, reports of ceasefire
NEW YORK
Crude-oil futures fell 1% on Monday, pressured lower by profit-taking
after the recent record-breaking advance in prices as well as by reports
that Kurdish rebels in Turkey are about to announce a cease-fire.
Thousands evacuated as fires burn in Southern California
LOS ANGELES
One person was killed and tens of thousands of Southern California
residents were being evacuated from their homes Monday, as wildfires
burned out of control across seven counties, stretching from the Mexican
border north to Santa Barbara County.
Trimming U.S. store growth may be good for Wal-Mart: analysts
NEW YORK
Wal-Mart Stores Inc., facing slowing U.S. sales, may benefit from
further trimming its U.S. store and square footage growth, and using the
saved capital to buy back shares or pay dividends, analysts said.
FundWatch: BlackRock fund manager bullish on crude prices, oil stocks
NEW YORK
BlackRock fund manager Bob Shearer says he remains bullish on crude
prices and major oil stocks even as some players such as ConocoPhillips
are
expected to turn in lower profit in coming days.
