U.S. stocks remain higher as investors anticipate rate cut

11:50 am ET Oct 29, 2007

DJIA

13,847

+40.64

S&P

1,538

+3.29

NASDAQ

2,812

+7.87

10Yr

4.39%

-0.002

U.S. stocks remain higher as investors anticipate rate cut

NEW YORK
U.S. stocks climbed on Monday, with investors' hopes of another
interest-rate cut by the Federal Reserve helping bolster financial
stocks badly battered in recent months by subprime mortgage losses.

European shares advance behind commodity sector gains

LONDON
European shares rose on Monday, with mineral extractors such as Rio
Tinto in the lead as gold prices continued to strengthen and deals
continued apace, while hopes for a U.S. interest-rate cut buoyed the
broader market.

Merrill Lynch's CEO to depart amid board pressure: reports

BOSTON
Stan O'Neal, Merrill Lynch & Co.'s beleaguered chief executive, has
decided to leave the firm and was negotiating the terms of his
departure, according to media reports.

Futures Movers: Oil tops $93 a barrel on Mexico's production halt

SAN FRANCISCO
Crude-oil futures rose past $93 a barrel for the first time on Monday,
getting a lift as bad weather forced a halt to production in Mexico. Oil
futures were also boosted by a weak dollar, which touched the lowest
level against the euro in eight years.

Metals Stocks: Gold futures near $800 an ounce as rally continues

LONDON
Gold futures traded close to the psychologically important $800-an-ounce
level on Monday, gaining just days before a U.S. interest-rate decision
as traders stepped forward to buy the popular inflation hedge.