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U.S. Stocks Close Up 2% From 3% Loss |
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Author: 123jump.com Staff
123jump.com
Last Update: 4:18 PM EST January 23 2008
U.S. stocks rallied in the last hour of trading as bargain hunters emerged. Three popular indexes, Dow, S&P 500, and Nasdaq recoverd from a loss of near 3% to a high of 2%. Banks, brokerages, retailers, and home builders led the gainers. Miners and energy companies declined. Ambac led the gainers in the S&P 500 index with a rise of 65%. Apple reported record revenue and earnings but fell on weaker than expectes outlook for the current quarter. Carrefour sales rose 10% in q4. |
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