Stocks trade mostly higher, boosted by tech gains

11:51 am ET Aug 30, 2007

DJIA

13,305

+16.50

S&P

1,467

+3.26

NASDAQ

2,586

+23.29

10Yr

4.53%

-0.024

Stocks trade mostly higher, boosted by tech gains

NEW YORK
U.S. stocks traded mostly higher Thursday, buoyed by strong gains in the
technology sector, as the market remains jittery ahead of Federal
Reserve Chairman Ben Bernanke's speech tomorrow.

Commercial paper falls $62.8 billion, Fed says

WASHINGTON
Outstanding volumes of commercial paper fell $62.8 billion last week, or
3.1%, to $1.98 trillion, the Federal Reserve reported Thursday.
Asset-backed paper fell by $59.4 billion, or 5.6%, to $998 billion. The
total decline in short-term securities over the past three weeks has
totaled $244 billion, or 11%.

Financial Stocks: Credit, mortgage problems seen pressuring brokers'
earnings

BOSTON
Financial shares moved lower Thursday, under pressure as credit problems
remain a thorn in the markets' side with analysts warning about
brokerage profits and several companies saying the outlook for the
mortgage market remains bleak.

Economic Report: U.S. growth revised higher to 4% in second quarter

WASHINGTON
The U.S. economy bounced back in the second quarter, growing at a 4%
annual real growth rate, the Commerce Department reported Thursday.

Earnings Outlook: New focus and strategies to highlight Dell Inc.'s
latest results

SAN FRANCISCO
The technology sector's bellwether companies bring the latest
earnings-reporting season to a close on Aug. 30, when Dell Inc. is
scheduled to deliver second-quarter results that analysts expect will
include a 37% growth rate for the PC giant's earnings per share.