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Stocks Rebound in Late Trading
Stocks Rebound in Late Trading - Trends
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had reached a tentative settlement with the FTC. Choppy trading followed last week's sharp decline and another troubling housing market report this morning, offset by some market-positive deal news. Tech sector earnings from IBM and Texas Instruments ( TXN ) are due out in the after-hours session. Economic uncertainty persists. The National Association of Home Builders said its confidence index sank to 14, its lowest level since March 2009. A reading below 50 indicates homebuilders have a negative view of the housing market. Shares of IBM Inc. ( IBM ) are higher ahead of the company's second quarter earnings ...
The Dow Jones industrial average ended the day down 22.82 points, or 0.23 percent, to 10,043.75. The S&P 500 gained 0.38 points, or 0.04 percent, to 1,074.03. The NASDAQ slipped 2.60 points, to 0.12 percent, to 2,210.95. The Dow plummeted nearly 300 points in early trading as investors feared the European Union’s proposed measures for financial reform could note stabilize the global economy. Turmoil in the Koreas also sent global markets reeling for the second day in a row. Four Spanish savings banks have announced plans to merge amid concerns over solvency in the sector. ... Read More
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STOCKS REBOUND IN LATE TRADING
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