Author: 123jump.com Staff
123jump.com
Last Update: 3:25 PM EDT May 08 2007
U.S. stocks slipped as investors turned cautious the day before a Federal Reserve interest-rate decision helped by some disappointing earnings. Merrill Lynch shares fell 1.5%, JPMorgan Chase''s shares shed 0.5% and shares of Goldman Sachs dropped 1.1%. Shares of Marsh & McLennan dropped 1.4%, while Lazard''s stock lost 2.4%. HP shares rose 2.4%. and Motorola fell 2.3%. Microstrategy dropped 11% on lower earnings.
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