Thursday, November 08, 2007
Wall Street ends lower after financials help trim losses
DJIA
13,266
-33.73
S&P
1,474
-0.85
NASDAQ
2,696
-52.76
10Yr
4.27%
-0.061
Wall Street ends lower after financials help trim losses
NEW YORK
U.S. stocks extended losses Thursday after Federal Reserve Chairman Ben
Bernanke painted a perilous economic outlook, and worries about Cisco
Systems Inc.'s quarter helped fuel a sell-off in the technology sector.
Will Cisco catch what's ailing U.S. markets?
SAN FRANCISCO
Despite the spate of bad news coming out of Wall Street, Cisco Systems
Inc. Chief Executive John Chambers sounded confident that, with its huge
presence overseas and a broad product portfolio, the tech giant is well
immunized against any bugs in the U.S market.
Capitol Report: Markets like half of Bernanke's message
WASHINGTON
A funny thing happened to Ben Bernanke on the way the Joint Economic
Committee of Congress on Thursday: He gave financial markets some good
news and some bad news.
First Solar rallies as analysts cheer earnings boost
SAN FRANCISCO
First Solar on Thursday rallied 34% to a new closing high Thursday,
after the thin-film solar module maker blasted past its earning
estimates and drew cheers from analysts.
Retailers post worst October sales in 12 years
NEW YORK
Portending a competitive holiday season to come, U.S. retailers reported
their worst October sales in 12 years, hurt by unseasonably warm
weather, record high oil prices, and consumer worries about the housing
and credit markets.
