Global impact of latest China plunge more limited this time

11:40 am ET May 30, 2007

DJIA

13,520

-0.49

S&P

1,519

+0.96

NASDAQ

2,571

-1.06

10Yr

4.87%

-0.012

Global impact of latest China plunge more limited this time

MUMBAI, India
After yet another Shanghai sell-off that was sparked by China's latest
bid to cool off its overheated market, investors around the world seemed
less rattled than they were in comparable instances in the past.

Market Snapshot: U.S. stocks off lows after Shanghai sell-off

NEW YORK
U.S. stocks bounced back to trade mixed on Wednesday, coming off earlier
pressure as investors shrugged off an overnight sell-off in Shanghai,
sparked by a tripling of taxes on stock trades.

Economic Report: 97,000 jobs added in May, ADP says

WASHINGTON
U.S. private-sector jobs grew by 97,000 in May, according to the ADP
employment report released Wednesday.

IBM raises forecast, buys back $12.5 bln in stock

SAN FRANCISCO
IBM Corp. on Tuesday raised its 2007 earnings forecasts, and also said
it has purchased $12.5 billion of company stock as it accelerates its
stock repurchase plan.