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Market Update : 
U.S. Stocks Rebound, MasterCard Surges
Author: 123jump.com Staff
123jump.com
Last Update: 3:18 PM EST January 31 2008


U.S. stocks recovered from the morning losses. MasterCard reported fourth quarter earnings of $1.37 per share on a revenue rise of 27.8% to $1.07 billion. Gross dollar volume in the quarter rose 15.2%. The strength in the consumer spending helped market to reverse the earlier decline. MBIA reported large loss on the account of more write-down in credit derivatives. Jobless claims rose at the end of the last review period.

 

 

 

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