U.S. stocks end mixed; Dow at record on JP Morgan results

4:30 pm ET Apr 18, 2007

DJIA

12,803

+30.80

S&P

1,472

+1.02

NASDAQ

2,510

-6.45

10Yr

4.65%

-0.034

U.S. stocks end mixed; Dow at record on JP Morgan results

NEW YORK
U.S. stocks finished mixed Wednesday, with the Dow Jones Industrial
Average breaching record territory after upbeat earnings from JP Morgan
Chase & Co. and Intel Corp., though weakness in the technology sector
persisted after lower-than-expected earnings from Yahoo Inc. and a
downgrade of IBM.

Emerging Markets Report: S&P: Emerging Europe is at risk of overheating

NEW YORK
Fuelled by burgeoning credit and domestic demand, the fast-growing
emerging European economies might be getting dangerously hot, Standard &
Poor's said Wednesday.

John Dvorak's Second Opinion: Web 2.0 showing signs of Bubble 2.0
already

BERKELEY, Calif.
There were numerous trade shows here and there this week. In San
Francisco we had Web 2.0 Expo, a joint effort by CMP Technology and
O'Reilly Media. It was all about the vague entity called Web 2.0.

J.P. Morgan Chase's results top estimates; dividend increased

NEW YORK
J.P. Morgan Chase & Co. reported on Wednesday that a strong
investment-banking business helped drive first-quarter earnings up more
than 50%, but the bank also said its provisions for credit losses rose
21% amid higher losses in its sub-prime-mortgage business and it
cautioned that credit quality could deteriorate.

Currencies: Dollar hits 26-year low vs. pound, nears all-time low vs.
euro

NEW YORK
The dollar extended its slide Wednesday, hitting a 26-year low against
the British pound and approaching an all-time low against the euro, on
growing expectations the interest-rate differential between the U.S. and
Europe will narrow soon.