Friday, November 02, 2007
U.S. stocks end volatile session with gains
DJIA
13,595
+27.23
S&P
1,509
+1.21
NASDAQ
2,810
+15.55
10Yr
4.29%
-0.070
U.S. stocks end volatile session with gains
NEW YORK
U.S. stocks on Friday capped a volatile trading day with modest gains
after investors weighed a surprisingly strong October jobs report and an
unexpected rise in factory orders against ongoing credit-related
upheaval in the financial sector.
Financial Stocks: Merrill, WaMu lead sector lower as practices
questioned
NEW YORK
After hitting five-year lows a day earlier, financial stocks continued
to slide on Friday as investor concerns focused on Merrill Lynch and
Washington Mutual.
Economic Report: October job growth strongest since May
WASHINGTON
Shaking off fears about weakness in housing and credit, the U.S. economy
created 166,000 net jobs in October, the best job growth since May, the
Labor Department reported Friday.
Writers Guild calls strike; walkout could begin Monday
LOS ANGELES
A walkout by Hollywood screenwriters may occur as early as Monday as the
Writers Guild of America has called for a strike.
The Ratings Game: Street views sharply divided over EA's results,
outlook
SAN FRANCISCO
Despite the fact that Electronic Arts Inc. issued better-than-expected
results for the September quarter and sees a strong performance for the
holiday season, Jeetil Patel of Deutsche Bank thinks it's time for
investors to start getting out of the stock.
