U.S. Stocks Rise, IBM Repurchase

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Market Update :

U.S. Stocks Rise, IBM Repurchase

Author: 123jump.com Staff
123jump.com
Last Update: 12:11 PM EST February 26 2008

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U.S. stocks edged higher in a cautious trading as investors digested several economic news and earnings. Home prices index measuring home prices in top 20 metropolitan areas registered a sharp fall of 9% across the nation. The sharpest decline in years suggested that housing market reovery may take longer than anticipated. Consumer confidence fell in February and a measure of wholesale price index rose more than expected in January. Earnings from Home Depot missed analysts projections.

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