Author: 123jump.com Staff
123jump.com
Last Update: 3:06 PM EDT April 23 2007
Stocks retreated as rising oil prices chilled investor enthusiasm for strong earnings reports and new takeover activity. Though the U.S. economy has been slowing and the dollar has been weakening, the takeover activity remains robust, giving investors reason to believe U.S. companies will keep finding ways to pull in profits. Whole Foods jumps to two-month high and Bausch & Lomb surges 8% on buyout rumors.
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