Author: 123jump.com Staff
123jump.com
Last Update: 4:41 PM EST December 20 2007
U.S. stocks managed to close higher after a day of volatile tradig. Nasdaq led the gainers with a rise of 1.5%. U.S. third quarter GDP was unrevised at 4.9%, higher than 3.8% in the second quarter. Jobless claims at the end of the last week rose 12,000. Inventories of crude oil and distillate fuel fell at the end of the last week. The bond insurance company MBIA plunged 25% after it reported surprise exposure of $8 billion of CDO debts. Oracle, Accenture, and Nike rose after earnings.
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