Nasdaq posts seven straight gains on rising factory orders
Nasdaq notched its longest winning streak in over three years as factory orders rose 1.6 percent and productivity jumped 6.8 percent in the second quarter. Dow and S P 500 edged higher while jobless claims climbed to 413000. Analysts cite improving economy and increased tech buying, though caution remains about earnings. Procter & Gamble rose to 91.43 after beating forecasts for the July September quarter.
MENTIONED IN THIS ARTICLE
Nasdaq
New York
Peter Dunny
Mar
Ket
Wall Street Access
Standard & Poor
Commerce Department
U.S
Labor Department
Tech
Dunny
Procter & Gamble Co
Consumer-Products
Productivity jumps as firms keep staff lean in strong quarter
U S productivity rose 6.8 percent in the April to June quarter, the largest since early 2002, while unemployment claims edged higher to 413,000. Businesses shed 170,000 jobs, yet demand perks persist with retailers and manufacturers reporting gains. Economists caution hiring remains restrained and the Fed may keep rates at 1 percent, with a potential easing if job growth stalls.
MENTIONED IN THIS ARTICLE
Washington
America
Labor Department
Department
Carl Tannenbaum
LaSalle Bank
U.S
Commerce Department
Dallas Fed president sight unemployment has peaked
Federal Reserve Bank of Dallas President Robert McTeer said the economy is growing fast enough to start eating into unemployment and that July’s 6.2 percent national rate may mark the beginning of a downward trend. He cited 3.1 percent second-quarter growth and rising stock market signals as reasons for optimism, though technology jobs may not fully recover. The Beige Book noted overall improvement nationwide except in the Dallas district.
MENTIONED IN THIS ARTICLE
Fed
Ben Bernanke
Federal Reserve
Bernanke
Dallas
Federal Reserve Bank of Dallas
Texas
Robert McTeer
McTeer
Louisiania
New Mexico
Lisa Turnbull
Three
Turnbull
Crude falls below 29 as supplies rise on data
Oil prices dropped to 28.98 a barrel as government data showed a rise in national crude and gasoline stocks. Crude inventories rose to 280.4 million barrels for the week ending Aug 29 while imports averaged 10.1 million bpd over the past four weeks, and gasoline stocks stood at 191.9 million barrels, below last year’s levels.
MENTIONED IN THIS ARTICLE
New York Mercantile Exchange
London
Energy Department
United States
Tom Beniz
BNP Paribas Commodity Futures
New York
AMEX
Dabnda
Kroger
Landrys
Ashland Hl
HOS Lupeat
Elast
Wilshre
Acacia
Atmel
Atmel Nasd 4.85 +09 IRF Lyordet NY 30 a4. 1641 +E Milacran 294 2493 +20. WaiGrd
BiuDolp
BP PLC NY
MeDnids
MetrisCas
HES Emersonk
ExofAm Sat
AW Co Men NY Ae
CooperCas
ixieGrp
BellSouth
Microsofts NASA
Singimgh
Ondreon
MomSt
Solutia
Motor Ny
hawGp
Burinsf Wy al
SBT
VaxGen
Cardo NY
QuoPet NY
teqPlatt
ADS Penney NY
Cisco
PepsiCo
PamtSys NY
Fai
Famer NY
Carmel
CerusCp
ConAgra
Procis Ny
Rayalsun
Caracop
iFek
ConacPh
Quikon Nash
Pier
HameLoin
Telewest
Ealing Nashmas
SBC Com
Oneida
VaipeyFsh
EMS
Dial NY
Kookrain
Paxsng
Gadzooks
Disney
Schimb NY
AS Bis
Sears RY
JanusCap
Siuss Nash Bacal ‘DukoEgg
ENC Co
EnPro
Lucent
Microsoft
JOS
Netetc
Halibin
O.E Psb
Oyal Amd
BemaGold
ApidMall
Hewlett
Ussiest NY
Motorola
Crystiegn
ConisGp
Hemetip Ug Wee
Veritas
Verizon
Walvart
Heian Wat
Quinn
Rancrees
Lourres
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HOPE
Todd Leone
Steven Goldman
Weeden & Co
Greenwich
Conn
SG Cowen Securities
Jeannine Aversa
The
Associated Press
Dallas Fed
By David Koenig
CHE
Tre
Dow Industria
Sap
Fussell
Wilshire
Obj
Smins
Amercan Fonds
Ingor P
Amancan Funds
Aicaad IC
Wsha
Fidelity Invest
Fideity
Invest Magalin le
Witaw
Fydex Invetor
Nova
la Ain
Gera
Thayne Willams
Baers Hl High Schock
Stephen V. Takach
Alexander Dr. Baytown
Mae Ioe
Edward Ones Ay le
Jennifer Marcontell
Wawedwardiones
Edward Jones
Teme
Texas Brokerage Zasset Management
Baker Road
Baytown
Texasbrokerage.com
the Bartown Sun
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