U.S. stocks extend gains on rebound in consumer confidence
Quotes & News:
11:40 am ET Sep 26, 2006
DJIA
11,621
+45.39
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S&P
1,329
+3.29
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NASDAQ
2,248
-0.56
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10Yr
4.59%
+0.030
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NEW YORK -- U.S. stocks extended gains Tuesday as a report showing a
stronger-than-expected pick-up in consumer confidence on the back of
lower gasoline prices eased concerns about slowing economic growth.
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Home builder Lennar Corp. lowers fourth-quarter profit outlook
BOSTON -- Lennar Corp. issued another profit warning Tuesday, this time
for its fiscal fourth quarter, saying the U.S. housing market has pulled
back further and faster than anticipated.
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Amaranth investors eager to redeem, but locked into lockups
SAN FRANCISCO -- After learning of big losses at Amaranth Advisors LLC,
many investors are now focused on getting what's left of their money out
of the troubled hedge fund as soon as possible.
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BHP, Rio Tinto, techs drive European share trading
LONDON -- Resource and technology companies led the way in European
afternoon trading Tuesday as U.S. stocks got off to a muted start, while
utilities were mixed after Acciona threw a wrench into the bidding war
for Spain's Endesa.
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