Author: 123jump.com Staff
123jump.com
Last Update: 4:28 PM EST January 09 2007
News of job cuts at Sprint Nextel and earnings revision from other companies kept market averages under check. Oil dropped to an eight months low failed to excite traders. Apple released new mobile phone with features of iPod. Venezuela plans to nationalize largest TV network and electric utility. The news dragged the local market index down 19%. Asian markets rebounded after a two-day drop.
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