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Stocks Mostly Higher After Seesaw Day
NEW YORK, NY (AP) -- Wall Street finished an extremely volatile session mostly higher Tuesday after investors, still jittery about mortgage-related problems at the nation's major lenders, decided to interpret comments from the Federal Reserve as suggestive of another interest rate cut. .
(AFX UK Focus) 2007-11-15 07:06 GMT: London shares outlook - down as NY closes lower, M&A, earnings news focus
LONDON (Thomson Financial) - Leading shares are expected to open lower as Wall Street fell back overnight with M&A activity and earnings news likely to be dominate features with a slew of companies reporting. Spread bettors IG Index expect the FTSE 100 index to open 30 points lower at 6,404 having closed last night 69.7 points ahead at 6,432.1. Overnight in Wall Street, an uneasy session closed lower yesterday as investors, uncertain if the worst of the credit crisis is over, refrained from extending Tuesday's huge advance. The Dow Jones Industrial Average index fell back 76.08 to 13,231.01, while the Standard & Poor's 500 index was down 10.47 at 1,470.58 and the Nasdaq composite index closed down 103.26 points at 15,396.30. Today in the US, investors will be waiting to take any cues from the October reading of the consumer price index (CPI) and whether or not it will signal the Fed to cut interest rates.
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