Friday, June 26, 2009
Palm shares rally as investors look beyond losses
Palm shares rally as investors look beyond losses
Shares of Palm Inc. rally out of the box, sprinting 15% higher as investors
react favorably to the handset maker's fourth-quarter financial
results, which encompass the three months just prior to the launch of
the Pre smart phone.
U.S. STOCK STANDOUTS ARE CASINOS AND NURSING HOMES
One factor moving the stock market these days is
time, which fund managers are rapidly running out of if they wish to
finish the second quarter holding what propelled the market to
double-digit gains so far
for the period.
TREASURYS HEAD FOR BEST WEEK OF YEAR
Treasury prices gain Friday, pushing 10-year notes toward their best
weekly gain this year, after a government report on May personal
income showed the
lightest inflation since at least 1960.
