U.S. stocks trade mixed; DuPont earnings please, TI disappoints
Market Overview
11:41 am ET Oct 24, 2006
DJIA
12,119
+2.64
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S&P
1,375
-1.28
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NASDAQ
2,346
-9.17
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10Yr
4.83%
0.000
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U.S. stocks trade mixed; DuPont earnings please, TI disappoints
NEW YORK -- U.S. stocks traded mixed Tuesday as a Federal Reserve
decision on interest rates neared, with investors weighing strong
quarterly result from DuPont against a weak sales outlook from chip
maker Texas Instruments.
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DuPont profit gains on higher prices; sees housing, auto slowing
NEW YORK -- DuPont swung to a better-than-expected profit in the third
quarter, as the 11th-straight quarter of higher prices and stronger
overseas sales outpaced rising raw material costs at the country's
second-largest chemical company.
_________
BP profit falls 4% on flat production, rising taxes
LONDON -- BP PLC reported a 4% third-quarter profit decline Tuesday,
hurt by the fallout from a broken pipeline in Alaska, an explosion at a
Texas refinery and rising taxes in Britain.
_________
Texas Instruments profit, sales up; sales forecast is weak
SAN FRANCISCO - Texas Instruments Inc. late Monday said its quarterly
profit rose 11%, helped by stronger sales of its chips used in cell
phones and other electronics equipment, but also signaled that its
business is slowing.
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