Midday Report: U.S. stocks higher as central bank moves take hold

11:46 am ET Aug 13, 2007

DJIA

13,326

+86.98

S&P

1,464

+11.28

NASDAQ

2,562

+17.93

10Yr

4.80%

+0.026

U.S. stocks higher as central bank moves take hold

NEW YORK
U.S. stocks gained Monday after Goldman Sachs Group Inc. reinforced one
troubled hedge fund with additional capital and central banks funneled
more cash into global financial systems, easing worries about a
worldwide credit squeeze.

Blackstone profit, revenue triples

NEW YORK
Blackstone Group L.P., lifted by strong gains in real estate, on Monday
said second quarter profit tripled on a pro forma basis.

China's inflation in July soars to decade-high 5.6%

HONG KONG
China's consumer price inflation in July soared to its highest level in
more than a decade, beating estimates by a big margin and strengthening
the possibility of another interest-rate hike by the country's central
bank.