U.S. stocks trade mixed; Dow dragged lower by GE, Home Depot
Date: Fri, 13 Oct 2006 16:01:03 (GMT)
Quotes & News:
11:41 am ET Oct 13, 2006
DJIA
11,912
-34.82
______
S&P
1,361
-1.12
______
NASDAQ
2,349
+3.71
______
10Yr
4.81%
+0.028
______
U.S. stocks trade mixed; Dow dragged lower by GE, Home Depot
NEW YORK -- U.S. stocks traded mixed Friday as uninspiring quarterly
earnings from General Electric Co. and a broker downgrade for Home Depot
Inc. weighed on the Dow Jones Industrial Average, with retail sales and
consumer sentiment reports another focus for investors.
______________
Economic Report: Retail sales fall 0.4% on plunging gas prices
WASHINGTON -- The sharp drop in gasoline prices drove the nominal value
of U.S. retail sales down by 0.4% in September, the Commerce Department
reported Friday.
_______________
IPO Report: SAIC's billion dollar IPO rallies in trading debut
NEW YORK -- Employee-owned science and engineering firm SAIC rallied
19% in its stock market debut Friday as investors snapped up shares of
the $8 billion science and engineering firm. ________________
The Fed: Risks of inflation uptick greater than recession: Moskow
CHICAGO -- Risks of a spike in inflation are still greater than the
risks of a recession, Michael Moskow, the president of the Chicago
Federal Reserve Bank, said Thursday.
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