Stocks mixed after jump in wholesale prices
Stocks ended volatile Thursday with a mixed result as wholesale prices jumped 3.2 percent in November, the largest rise in 34 years, while retail sales rose and jobless claims fell. The Dow gained 44.06 points to 13517.96 amid Fed ECB and other central bank actions, with the S&P 500 up briefly and Nasdaq modestly lower as traders weigh inflation and credit-market signals.
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Madigan probes Countrywide practices in mortgage lending
Illinois Attorney General Lisa Madigan launched an inquiry into Countrywide Financial Corp and potential expansion to other lenders. The probe examines loan origination, funding, and selling, focusing on why borrowers appeared unable to afford loans and how Countrywide contributed. The investigation targets a nationwide foreclosure rise and holds lenders accountable.
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Countrywide Financial Corp
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Closing Stocks Show Mixed NY Trading Across Major Names
NY market summary lists numerous blue chips and techs with varied moves. Notable shifts include ExxonMobil, Microsoft, IBM, Nokia, Americredit, Ford, AMEX, Pfizer, Coca Cola, and Boeing among others, reflecting broad activity and mixed closes.
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