| UPI NewsTrack Business
U.S. stocks close up after stumbling
NEW YORK, Nov. 20 (UPI) -- U.S. stock indexes closed up after stumbling during the day before and shortly after the U.S. Federal Reserve lowered its U.S. economic forecast for 2008.
The Dow Jones industrial average was up 51.70 points, or 0.4 percent, to close at 13,010.14. The broader Standard & Poor's 500 Index added 6.43 points, or 0.45 percent, at 1,439.70.
On the New York Stock Exchange, 1,984 stocks advanced and 1,031 declined, on volume of 4.9 billion shares traded.
The technology-heavy Nasdaq Composite Index advanced 3.43 points, or 0.13 percent, at 2,596.81.
The market started the day learning technology giant Hewlett-Packard Co. reported a stronger-than-forecast 28 percent profit increase and said current-quarter earnings would be ahead of Wall Street estimates.
Stocks bounce back
Stocks bounced Tuesday morning, recovering from a broad selloff, as investors welcomed Hewlett-Packard's earnings and geared up for the minutes from the last Fed meeting, due later in the day. The Dow Jones industrial average (Charts) added 0.7 percent in the early going, while the S&P 500 (Charts) index gained 0.9 percent. The Nasdaq composite (Charts) gained 1.1 percent. Stocks tumbled Monday, with the Dow falling below 13,000 for only the second time since August, as Goldman Sachs' dour outlook on the financial sector and a weak report on home builder confidence sparked a broad market selloff. After such a retreat, stocks bounced a bit Tuesday, aided by the news out of HP. Hewlett-Packard (Charts, Fortune 500) reported quarterly sales and revenue that topped expectations late Monday, sending shares modestly higher Tuesday morning.
UK children, age 15, 'being groomed for terror plots'
CHILDREN as young as 15 are being recruited for terrorist-related activity by al-Qaeda, the head of MI5 said yesterday - and he warned there are at least 2,000 in the UK who pose a threat to national security. In his first public speech Jonathan Evans, the agency's director-general, said teenagers were being "methodically targeted" and recruited through the internet. .
(AFX UK Focus) 2007-11-13 10:25 GMT: TFN NEWS BRIEFING: Macroeconomics highlights to 10:10 GMT
2007-11-13 10:05:46 German ZEW Nov economic expectations index -32.5 pts vs -18.1 in Oct MANNHEIN (Thomson Financial) - The ZEW research institute said its economic expectations index for Germany was at minus 32.5 points in November compared with -18.1 in October, way below the consensus estimate. 2007-11-13 10:02:03 Estonia: GDP growth slows down to 6.4 pct in Q3 TALLINN (Thomson Financial) - Estonia's growth rate slowed to 6.4 percent in the third quarter compared to the same period in 2006, the national statistics office said, citing preliminary figures. 2007-11-13 10:00:12 Euro zone Sept industrial output down 0.7 pct vs Aug, up 3.5 pct year-on-year BRUSSELS (Thomson Financial) - Euro zone new industrial output fell 0.7 pct in September from August and was up 3.5 pct year-on-year, EU statistics arm Eurostat said.
|
