Bargain buyers lift markets on upbeat McDonald outlook
Bargain hunters spurred a broad rally Monday as the Dow Jones rose 213.21 points to 9,687.42 and the S&P 500 climbed 28.90 to 1,036.17, erasing losses from last week. McDonald’s outlook boosted sentiment along with upgrades for Amgen and Georgia-Pacific, while Wal-Mart and tech names joined the advance on improving profits expectations. Analysts cited signs of an improving economy and potential real recovery in earnings into the second half of the year.
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New York Stock Exchange
Comerica
IBM
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Associated Press
New York
Standard & Poor
David Sowerby
Loomis, Sayles & Co
Dow
McDonald’s
Wal-Mart
Jim Weiss
Equities
State Street Research and Management Co
Boston
Home Depot cuts off government business nationwide
Home Depot Inc has ordered about 1 400 stores to stop handling government credit cards purchase orders or cash used by federal agencies The policy aims to avoid federal contracting and was confirmed by spokesman Tom Gray who called it an old policy Readings from 38 stores across 11 states found widespread adherence with two exceptions and officials declined further comment
MENTIONED IN THIS ARTICLE
Ome Depot Inc
Hizstor
U.S
Post-Dispatch
Home Depot
Tom Gray
FBI
St. Louis
Environmental Protection Agency
Seattle
Ohio
Gray
Deere and Company to lay off 300, close two plants
Deere & Company will reduce about 300 jobs, close plants in James City County Virginia and Jeffersonville Indiana, and trim production at Horicon Wisconsin as part of a cost cutting streamlining plan. Williamsburg and Jeffersonville plants may close by Oct 31.
MENTIONED IN THIS ARTICLE
Moline, Ill
Deere & Company
James City
Williamsburg
Jeffersonville
Ind
Horicon
Wis
Deere
Tively
John Jenkins
Jenkins
James City County
Sanford Warner
Daily Press
Newport News
Warner
Fuquay- Varina
N.C
Also Mentioned on This Page
American Stock Exchange
Bargain Hunters
Sowerby
By Andrew Schneider
St. Louis Post-Dispatch
John Deere
John Deere Tractors
Johndeere.com