The Dow gained Thursday, with recently battered blue chips bouncing back, but the broader market was mixed as investors considered a weak June jobs report and a rise in interest rates in Europe.
The Dow added 73.03 points, or 0.6%, to 11,288.54, but lost 0.5% for the week and stayed in bear-market territory, off 20.3% from its October record high.The broader market was much worse, for the day...
London's FTSE 100 Index fell nearly 1% today as fresh fears surfaced over the banking sector and weak metals prices held back miners.The top share index dropped 41.7 points to 5434.9 by mid-session tr...
AP - Between surging oil prices, food inflation and a credit crunch that's depressed global growth, leaders from the Group of Eight economic powers face the gravest combination of economic woes in at least a decade when they gather next week.
Reuters - Deputy U.S. Treasury Secretary Robert
Kimmitt said on Friday he was confident about the United
States' economic fundamentals in the long term despite a
current rough patch and was quite optimistic about the future.
AP - The nation lost jobs for a sixth month in a row in June, a storm of pink slips drenching this year's July Fourth holiday for more than 60,000 Americans and leaving thousands more worried about the future.
Reuters - G8 leaders aim to present a united front
against global inflation, driven by soaring oil and food
prices, at a summit in Japan next week, but solving the problem
requires more than just a strong message from rich nations.
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