U.S. stocks hit new highs after Wal-Mart hikes forecast

11:51 am ET Oct 11, 2007

DJIA

14,150

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S&P

1,571

+9.39

NASDAQ

2,828

+17.07

10Yr

4.69%

+0.044

U.S. stocks hit new highs after Wal-Mart hikes forecast

NEW YORK
U.S. stocks on Thursday climbed to new heights after Wal-Mart Stores
Inc., the world's biggest retailer, hiked its profit expectations for
the third quarter and data cast a more positive light on the economy.

Economic Report: Growth in exports shrinks U.S. trade gap to $57.6
billion

WASHINGTON
Boosted by a weaker dollar, the U.S. trade deficit narrowed to $57.6
billion in August from $59 billion in July, the Commerce Department
reported Thursday.

Wal-Mart raises profit forecast; September sales miss

NEW YORK
Wal-Mart Stores Inc., the world's largest retailer, raised its
third-quarter profit forecast even as it posted smaller-than-expected
September same-store sales and said customers remain concerned about
their finances.

Union announces labor deal with Chrysler

SAN FRANCISCO
It didn't take long for the United Auto Workers and Chrysler LLC to
realize both sides would be better off if the rank-and-file went back to
work.