|
Hope and S&P Report Lift Stocks |
| |
Author: 123jump.com Staff
123jump.com
Last Update: 6:37 PM EDT March 13 2008
Stocks in the morning fell sharply after the release of February retail sales, import and export prices and weekly unemployment data. Dow, S&P 500 and Nasdaq fell quickly 1%. The market reversed its direction after a S&P research report. The credit analyst revised his estimate of sub-prime loan losses by $20 billion to $285 billion and added that most of the losses are already reported. The relatively positive note lifted market sentiment. European markets closed lower. |
|
|
|
|
| |
|
|
