Amazon.com beats forecasts; margin guidance a concern

4:04 pm ET Oct 23, 2007

DJIA

13,676

+109.26

S&P

1,519

+13.26

NASDAQ

2,799

+45.33

10Yr

4.41%

+0.012

Amazon.com beats forecasts; margin guidance a concern

SAN FRANCISCO
Amazon.com reported a strong surge in third-quarter earnings -- topping
Wall Street's expectations -- as the online retail giant benefited from
a jump in sales ahead of the holiday season.

Market Snapshot: U.S. stocks rally on tech earnings

NEW YORK
U.S. stocks rallied to close firmly higher Tuesday, with enthusiasm for
tech stocks carrying the day, after Apple Inc.'s upbeat earnings and
ahead of Amazon.com's results due after the close.

Countrywide to offer refinancing to subprime borrowers

NEW YORK
Countrywide Financial, which became the biggest mortgage lender in the
U.S. by offering borrowers a slew of novel, untested loan products, said
Tuesday that it will help some of those same borrowers, who now face
foreclosure, to refinance and keep their homes.

Apple surges to new highs following strong earnings report

SAN FRANCISCOApple Inc. shares set a new all-time high Tuesday, surging
more than 7% after the consumer technology giant reported a 67% jump in
fourth-quarter earnings powered by strong sales of Macintosh computers
as well as its popular iPhone.

The Technical Indicator: U.S. markets lift modestly from notable
support

CINCINNATI
Despite Friday's severe sell-off, the major U.S. benchmarks stabilized
on Monday, holding notable support.