CORRECT: Apple shares hit all-time high before pulling back

Date: Wed, 26 Dec 2007 22:06:08 (GMT)

CORRECT: Apple shares hit all-time high before pulling back

Apple shares hit $200 for the first time in the company's history
Wednesday, fueled by strong sales of the company's Macintosh
computers, iPod media players and the recently released iPhone.

Retailers cling to post-holiday hopes
"Turn gift cards into great stuff," advertised Wal-Mart Stores Inc.
on its Web site. Macy's Inc. stores marked items 50% to 60% off in an
after-Christmas sale. Gap Inc. touts its new arrivals, in addition to up
to 40% off discounts on existing styles.

Crude ends higher on supply drop expectations, Turkish attack

SAN FRANCISCO
Crude-oil futures rose for a third day Wednesday, up nearly $2 a barrel
to end just shy of $96 on expectations U.S. crude inventories may have
fallen for a sixth week and on worries that Turkish air strikes inside
Iraq may cripple oil supplies from the Middle East.

Market Snapshot: U.S. stocks end marginally higher, led by Nasdaq

NEW YORK
Led by the Nasdaq Composite Index, U.S. stocks closed marginally higher
in thin trading on Wednesday, as concerns over holiday retail sales and
downbeat housing data capped gains.

Economic Report: U.S. home prices drop 6.1% year-over-year, Case-Shiller
finds

Home prices in 20 major U.S. cities were down 6.1% on average in the
past year as of October, according to the Case-Shiller price index
released Wednesday by Standard & Poor's.