Established 1999
123jump.com - U.S. Financial Information Archive: 90,000 Annual and 10-K reports – 20,000 Global news stories - 3,500 IPO reports - 1,700 - Earnings Calls – 320 Fund Interviews – 10-year Annual earnings on 4,500 stocks – 20 Quarterly earnings on 3,600 stocks – 1,800 IPO prospectuses – 1,200 Economic data releases
     
   
 
Market Update : 
Talk of Ambac Rescue Lifts Stocks
Author: 123jump.com Staff
123jump.com
Last Update: 9:55 AM EST February 22 2008

(Continued)

Email article | Print article

U.S. stocks reversed their earlier losses and managed to close higher on a rebound in the final thirty minutes. The news first reported on CNBC suggested that a group of eight banks are in the final stages of negotiaion to invest $3 billion in Ambac and help it to retain its AAA rating. Ambac surged 16%. U.S. dollar reached a nine-year low against Brazilian real and traded only 1 cent lower from its record low against euro at $1.4863.

 
Wheat futures rose 19.00 cents in Chicago trading and closed at $10.64 per bushel. Sugar decreased 18 cents to 14.24 cents per pound. Soybean future closed up 13.50 cents to $14.38 per bushel.

Dollar edged lower and traded near record lows against euro to $1.4834 and edged lower against yen to 107.18.
Back More: Market Update Archive

 
© 1999-2008 123jump.com. All rights reserved