Author: Elena Todorova
123jump.com
Last Update: 11:02 AM EST January 06 2006
U.S. stocks sharply advanced at opening on disappointing employment report, which gave investors ground to consider it a sign that the Fed Reserve will stop raising interest rates. Market sentiment was also supported by earnings upgrades for Google and Yahoo. In corporate news, Microsoft was downgraded by Credit Suisse First Boston to neutral from outperform. IBM announced freezing of its pension plan in 2008.
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