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Market Update : 
Wal-Mart Downgraded to Sell
Author: Elena Todorova
123jump.com
Last Update: 11:45 AM EDT August 30 2007


U.S. market averages erased some of the earlier losses to turn mixed in late morning trading, as slightly weaker-than-expected GDP report raised hopes that the Fed Reserve will reduce interest rates in the near future. Financial stocks posted significant losses on continuous concerns about credit markets, while oil and tech stocks moved to the upside. Among tech stocks, Dell rose 2% ahead of quarterly earnings release after the closing bell.

 

 

 

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