Thursday, September 06, 2007

Wall Street switches gears again, stocks higher

> 11:46 am ET Sep 6, 2007
>
> DJIA
>
> 13,364
>
> +59.42
>
> S&P
>
> 1,477
>
> +5.27
>
> NASDAQ
>
> 2,613
>
> +7.55
>
> 10Yr
>
> 4.48%
>
> +0.008
>>
> Wall Street switches gears again, stocks higher
>
>
> NEW YORK
U.S. stocks see-sawed higher Thursday as investors weighed mostly
positive economic data and sales figures from retailers including Dow
component Wal-Mart against ongoing credit market and housing worries.

> New foreclosures set record in latest MBA survey
>
> CHICAGO
The number of mortgage loans entering the foreclosure process in the
second quarter set another record, according to the latest data from the
Mortgage Bankers Association.

> Economic Report: Productivity revised up to 2.6% in second quarter
>
> WASHINGTON
The U.S. economy is more productive than suspected, but upward pressure
remained on wages.

> Economic Report: Services sector cutting jobs in August, ISM says
>
> WASHINGTON
Nonmanufacturing sectors of the U.S. economy reduced employment for the
first time in three years, according to the Institute for Supply
Management index for August released Thursday.
>
> Back-to-school and luxury shopping lifts retailers' August sales
>
> NEW YORK
Back-to-school purchases and luxury shopping bolstered U.S. retailers'
August same-store sales, even amid concern about a slowing housing
market and consumer spending.

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