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Market Update : 
Oracle, Nike Earnings Support Early Rise in NY
Author: 123jump.com Staff
123jump.com
Last Update: 9:39 AM EDT September 21 2007


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Market indexes at the opening indicate 0.3% increase in Dow, Nasdaq, and S&P 500. Oracle reported revenue increase of 26% and earnings gain of 25%. Revenue in the quarter jumped to $4.5 billion. Nike reported revenue gain of 11% and earnings jumped 51% to $1.12 per share or $569 million. Oil and gold traded at elevated levels. Euro advances against dollar and now trades at $1.41.

 
Casio Computer Company expects a 10 billion yen investment in new telephone models to return a profit in the first year, helped by sales of handsets equipped with its Exilim camera and G-Shock watch technologies, the company said. Casio close down 1.1%.
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