U.S. stocks close with fractional weekly gains

4:02 pm ET Oct 12, 2007

DJIA

14,093

+77.96

S&P

1,561

+7.39

NASDAQ

2,805

+33.48

10Yr

4.69%

+0.028

U.S. stocks close with fractional weekly gains

NEW YORK
After a day of upheaval, U.S. stocks on Friday closed the week with
modest weekly gains across the major indexes, with investors heartened
by positive economic data that included healthy retail sales in
September and in-line results from industrial bellwether General
Electric Co.

Futures Movers: Crude ends at front-month record high after earlier
topping $84

SAN FRANCISCO
Crude-oil futures finished at a new front-month record high Friday,
after briefly trading above the $84-a-barrel level for the first time,
as the first decline in U.S. crude supplies in three weeks fueled supply
concerns.

Oracle offers to buy BEA Sytems; price rejected as too low

SAN FRANCISCO
Oracle Corp is offering to buy BEA Systems Inc. for $6.7 billion -- a
price that the software maker rejected Friday afternoon as one that
"significantly undervalues" the company.

Economic Report: U.S. retail sales surprisingly strong in September, up
0.6%

WASHINGTON
Consumers spent freely in September, even as wholesale prices surged at
the fastest rate since January, the government said Friday.