Friday, November 16, 2007
U.S. stocks close with weekly gains after volatile week
DJIA
13,176
+66.74
S&P
1,458
+7.59
NASDAQ
2,637
+18.73
10Yr
4.15%
-0.009
U.S. stocks close with weekly gains after volatile week
NEW YORK
U.S. stocks shifted gears yet again Friday to close with modest weekly
gains as an erratic market closed a roller coaster ride focused on the
credit crunch and its impact on the financial sector and the overall
economy.
The myth of the strong British pound
LONDON
Ed Yardeni, the prominent U.S. economist, made a trip to Britain
recently and was startled by the prices he saw.
The Fed: Fed's Kroszner: rates low enough to help with 'rough patch'
WASHINGTON
Interest rates are low enough to get the economy through a coming "rough
patch," said Federal Reserve Governor Randall Kroszner on Friday.
Starbucks shares scalded by lowered targets
NEW YORK
Starbucks Corp. shares fell Friday after the coffee-shop operator posted
a rise in quarterly profit but trimmed its fiscal-year forecast.
