Stocks cling to tentative gains after data offers early boost

11:46 am ET Nov 14, 2007

DJIA

13,303

-3.49

S&P

1,483

+2.14

NASDAQ

2,667

-6.49

10Yr

4.27%

+0.009

Stocks cling to tentative gains after data offers early boost

NEW YORK
U.S. stocks on Wednesday trimmed earlier gains that came after the
government reported as-expected retail sales and benign wholesale
inflation.
Economic Report: Wholesale prices up 0.1% in October, with core PPI
steady

WASHINGTON
Wholesale prices rose 0.1% in October as food prices rose and energy
prices fell, the government said Wednesday.

Economic Report: U.S. retail sales up 0.2% in October, outpacing 0.1%
forecast

WASHINGTON
U.S. consumers spent modestly heading toward the holiday season, as
retail sales growth slowed in October amid rising energy and gasoline
prices, the Commerce Department reported Wednesday.

HSBC to take $3.4 billion charge over U.S. loan losses

LONDON
HSBC Holdings on Wednesday said it would have to write off a further
$3.4 billion from its U.S. business during the third quarter, but said
profit before tax will increase because of strong growth from Asia and
the Middle East.

German economy accelerates on domestic demand

LONDON
The German economy accelerated in the third quarter, with Europe's
biggest economy relying on a domestic push to offset a surge in imports
that negated the country's traditional strength in engineering exports.