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Cummins up 15% on Earnings, Forecast |
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Author: Elena Todorova
123jump.com
Last Update: 10:16 AM EDT April 27 2007
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U.S. stocks started trading mixed on Friday, after the government''s estimate of Q1 economic growth came in weaker than expected, while a measure of employment costs showed continued gains. However, surging profit at Microsoft helped to limit the downside move. The software giant offered support to the blue-chip average, as well as tech stocks, with its shares moving up 4.7%. Among other notable gainers, Cummins surged 15% after it said its Q1 profit rose 6%. |
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