U.S. stocks down in continuation of Thursday's drop

11:45 am ET Jul 27, 2007

DJIA

13,388

-85.11

S&P

1,470

-12.17

NASDAQ

2,580

-18.98

10Yr

4.77%

-0.010

U.S. stocks down in continuation of Thursday's drop

NEW YORK
U.S. stocks shifted into reverse Friday, with loses accelerating as
bearish sentiment from the prior day's selloff competed with largely
positive economic data.

Chevron 24% profit jump beats expectations

NEW YORK

Chevron Corp. said Friday its second-quarter net income rose 24% on
near-record refining margins in its core West Coast market as the energy
giant also booked a $680 million gain from the sale of its stake in
Houston Energy company Dynegy.

Economic Report: U.S. second-quarter GDP rises 3.4%, fastest since early
2006

WASHINGTON
After hitting a pothole in the first quarter, the U.S. economy
rebounded in the second quarter, growing at an annual rate of 3.4%, the
fastest pace since the first quarter of 2006, the Commerce Department
said Friday.