Wall Street trims losses, Nasdaq back in the red

11:51 am ET Oct 22, 2007

DJIA

13,477

-44.14

S&P

1,498

-2.40

NASDAQ

2,731

+6.60

10Yr

4.42%

+0.022

Wall Street trims losses, Nasdaq back in the red

NEW YORK
Stocks were lower on Monday, with pressure continuing after a steep
sell-off on Friday and fresh worries about the credit crunch, but with
the technology stocks on the Nasdaq offering some support ahead of
profit reports later on.

Kimberly-Clark profit up, lifts low end of full-year outlook

NEW YORK
Consumer-products maker Kimberly-Clark Corp. said Monday its
third-quarter profit rose more than 24% from a year ago, driven by
cost-cutting initiatives and higher sales of its personal care and
tissue products.

Merck's profit rises on 12% jump in sales

BOSTON
Merck & Co. reported substantially higher third-quarter earnings early
Monday, due largely to strong sales and a hefty charge taken during last
year's quarter related to its ongoing Vioxx litigation.

Sales, accounting gain lift Schering-Plough's bottom-line

BOSTON
Schering-Plough Corp. reported substantially higher third-quarter
earnings early Monday, due largely to a substantial accounting gain and
solid sales growth for several of its best-selling drugs.

Toy maker Hasbro profit rises 62%; sees no recall impact

NEW YORK
Hasbro Inc. on Monday posted a 62% increase in its third-quarter profit,
helped by sales of its Transformers toys and a favorable tax gain, and
said it hasn't seen an impact from industry product recalls.