Author: 123jump.com Staff
123jump.com
Last Update: 4:18 PM EST February 20 2007
Market recovered in the afternoon on the comments from the Fed governor Susan Bies. She commented that housing market demand is stable but early delinquencies in sub-prime loans is a concern. Florida Rock rose 41% on buy out offer from Vulacn Materials. HP reported Q1 earnings of 65 cents on revenue of $25 billion. The company offered healthier outlook for the year 2007. Wal-Mart reported earnings of 95 cents per share compared to 86 cents a year ago sparking a rally in retail stocks.
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