Thursday, February 19, 2009
U.S. stock investors eye another test of bear-market lows
U.S. stock investors eye another test of bear-market lows
The U.S. stock market's climb on Thursday had investors steering clear
of three-month lows hit earlier in the week, with the bear-market
bottom called by some in November holding for now. But not all believe
the three-month lows will stand.
ECONOMIC REPORT: U.S. WEEKLY INITIAL JOBLESS CLAIMS UNCHANGED AT 627,000
First-time claims for state jobless benefits were unchanged in the
latest week,but remain at a high not seen since the early 1980s, the
Labor Department
reports.
H-P SHARES SLUMP AS EARNINGS, OUTLOOK DISAPPOINT
Shares of Hewlett-Packard to open lower as investors react to
financial results showing the blue-chip tech giant posting a 13%
decline in first-quarter profit and offering up a lackluster outlook
for the second quarter of fiscal 2009.
SPRINT POSTS ANOTHER LOSS BUT SAYS RECOVERY STARTS TO TAKE HOLD
Sprint Nextel posts another quarterly loss after shedding 1.3 million
wireless customers, reflecting the company's difficulty in turning its
business around, especially in a deep U.S. recession.
ECONOMIC REPORT: U.S. PRODUCER PRICES RISE 0.8% IN JANUARY
U.S. producer prices in January rise for the first time since July,
the Labor Department reports, as energy prices stage a comeback and
propel the overall producer price index higher.
HOW THE OBAMA MORTGAGE PLAN WILL AFFECT BORROWERS
Some homeowners who are underwater on their mortgages and those stuck
in high-cost subprime loans could soon be eligible for a lower
mortgage rate, according to an Obama administration plan announced on
Wednesday.
