certyfikat energetyczny, chusty do noszenia dzieci, donice, meble kuchenne gdynia, muzeum bursztynu, ortopedia pruszcz gda?ski, tynki gipsowe maszynowo szczecin,

Archiwum newsów - DJ US Stocks Mixed; Release Of Federal Reserve Minutes Weigh

2007-11-20  
DJ US Stocks Mixed; Release Of Federal Reserve Minutes Weigh
U.S. stocks on Tuesday were mixed after the release of minutes from the
Federal Reserve's last meeting in October left investors less than certain
about whether another interest-rate cut is in the cards.
After Wall Street got hit with steep losses Monday, speculation increased
that the Federal Reserve might step in with an emergency rate cut - talk
that helped lift stocks overseas and then in earlier U.S. trade.
The Fed minutes included expanded forecasts projected slower growth in the
economy next year, as well as describing the decision to cut rates in
October as a "close call." "Nothing in this hinted at what they would do at
the December meeting; the bond sklep wielkopowierzchniowy is saying they are still cutting, but
Fed officials in speeches during the last few weeks have told the sklep wielkopowierzchniowy
they are not," said Peter Boockvar, equity strategist at Miller Tabak.
The Dow Jones Industrial Average was up 46 points at 13005. Computer
bellwether Hewlett-Packard, up 16 cents at 449.55, reported a
stronger-than-forecast 28% profit rise late Monday and forecast
current-quarter earnings ahead of Wall Street estimates, also helping lift
the Dow.
Tempering the good cheer earlier on was Freddie Mac's sizable quarterly loss
and a drop in U.S. building permits.
The Commerce Department estimated a 3% rise in U.S. housing starts for
October, but building permits fell for the fifth consecutive month, down
6.6% to their slowest pace in 14 years.
The S&P 500 rose 6 to 1439 while the Nasdaq Composite declined 3 points to
2591.
Shares of Freddie Mac fell 26% to $27.70 after the U.S. mortgage lender
reported a $2 billion quarterly loss and said it might slash its
fourth-quarter dividend.
Freddie Mac's quarterly losses "show you're probably going to have more
bodies fall out of the closet in the financial area," said Jim Awad of W.P.
Stewart Asset Management. Listen to Awad.
Fellow mortgage investor Fannie Mae also came under selling pressure, its
shares off 24% to $28.50.
Other stocks trading actively included discount retailer Target, which
approved a $10 billion buyback while reporting a drop in third-quarter
profit. Target's stock fell 4% to $51.73.
Also among the retailers, Nordstrom Inc. expanded its share-buyback program to
$2.5 billion and reported a 22% rise in profit. The high-end retailer's
stock rose 13.1% to $34.50.
« powrot
Copyright 1996-2007 Klika Onet.pl SA