Stocks Rally On Strong Home Sales And Durable Goods
U S stocks surged as reports showed durable goods orders rose 2.1 percent in June and new home sales climbed to a 1.16 million annual rate. The Dow gained 172.06 points to 9,284.57, led by Alcoa Pfizer and Gateway while eBay fell after a weak earnings outlook. Major indexes posted weekly gains amid choppy trading and optimism of a sustained economic rebound.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Dow Jones Industrals
U.S
Saddam Hussein
Iraq
Brian Williamson
Boston Company Asset Management
Dow
Standard & Poor
S&p
Commerce Department
Saddam
Ray Odierno
Barry Berman
Robert W Baird & Co
Alcoa
Pfizer
Pharmacia Corp
Gateway
Internet
eBay
New York Stock Exchange
Japan
Europe
Britain
France
Germany
United States
Big-ticket orders and home sales buoy economy
U S manufacturers report a 2.1 percent June rise in durable goods orders, the strongest since January, while new single-family home sales hit a record high annual rate of 1.16 million in June. Existing home sales slipped 0.3 percent to 5.83 million, keeping June among the top monthly levels. The Fed cut rates to 1 percent on June 25, with officials signaling a hold at the August meeting as factories navigate post-recession recovery amid import competition.
MENTIONED IN THIS ARTICLE
Washington
America
Commerce Department
National Association of Realtors
Federal Reserve
Fed
Justice Dept probes Clear Channel over consolidation tactics
The Justice Department is investigating San Antonio based Clear Channel, the nation’s largest radio owner, over consolidation and coercive tactics. Officials would not reveal details. Clear Channel owns about 1,200 stations and says reviews of acquisitions are routine.
MENTIONED IN THIS ARTICLE
San Antonio
Justice Department
Clear Channel
R. Hewitt Pate
Antitrust
House
Crude prices hold steady after choppy session
NYs crude futures closed flat after a volatile day as traders waited for new market moving news. Benchmark light crude settled at 30.17 a barrel, with Brent at 28.18, and heating oil and gasoline easing modestly amid mixed demand signals.
MENTIONED IN THIS ARTICLE
New York
Bears
Tim Evans
FB Pegasus
New York Mercantile Exchange
London
International Petroleum Exchange
Brent
Evans
Nymex
Also Mentioned on This Page
By Hope Yen
The
Associated Press
Brian Wilamson
DOJ
Houston — Dynegy Inc
Belo
Dallas — Belo Corp
Dallas
Thomson First Call
Hi Oo
Dow Jones
Nasona
Labrzal Landry
PeiranFr
HOS Covansys
Halifax Ats
Lyondail
QM Tech
Souwal
McGnikis
Wario
E Insight
Marck NY
HomeState
South
Microsoft
Motorat
Pennil
Kyphon
Sabine
Storvone
ThewniTex
CalPizze
ConocPhil NY
Quaicom Nesd
Oranda
CrownHald RY
Dow Industrials Ie
Dow Utilities
GwithBio
ScemPt RY
Woelves
DowChra
DuPont NY
A Saxay
ABS
Ifac ST Active
Ston Ware
Duksday
Val
EnPro Bao Cp
Sfoa Amex
ATS
Wilshire
NortelNw
Nasd
Uni
SPDR
Cisco
Ford
Pet Seagatel
SunMicro
GenElec
Shco NY
Neme
Init Pfizer
BemaGold
Oracle
Gniot
Yoo
Chi
Chindiom
Ganditch
uPs& NY
American
IBIA
Micront
Nextel
Raliin NY
Ussies
Manus
Naval le
Shekhes Bydex
SP Wesks
Global Stack
Igres
Lippe Ins
Phil Flynn
Alaron Trading Corp
Chicago
Flynn
Venezuela
Nigeria
Barbers FE
Onals, Inc
Thayne Witfients
Egal
Preseroes
Jennifer Marcontell
Decker Baytown
Edwardjones
Edward Jones
Indie
Dembanaie
Et Euen
Eee
Ely
Texas
Hanasement
Baker Road
Stephen V. Takach
Alexander
Baytown
Bartomn
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!