U.S. stock indexes close with weekly gains

Date: Fri, 25 Apr 2008 21:06:03 (GMT)

U.S. stock indexes close with weekly gains

U.S. stocks pull off a late-session turnaround, with financials paving
the way higher, and only the Nasdaq ending in the red in the wake of
Microsoft's profit drop.

The Fed: Fed rate cut not a sure thing

WASHINGTON
Although many commentators are talking as if the Federal Reserve has
already decided to cut interest rates by a quarter-point rate cut next
week followed by a pause over the summer, there is a chance the Fed
could instead decide to just pause right here, Fed watchers said.

Futures Movers: Oil jumps after report U.S. fires on boats in Persian
Gulf

SAN FRANCISCO
Crude-oil futures spike more than $2 a barrel after news reports that
personnel on a U.S. ship fired at an unidentified boat in the Persian
Gulf.

Economic Report: U.S. consumer sentiment sinks to 26-year low, survey
shows

High fuel and food prices, coupled with "shrinking" income gains and
falling home values, tugs an index tracking U.S. consumer sentiment
index to the lowest level in 26 years.

Mattel CEO sells stock in nick of time

Through a preset stock-trading plan, Mattel's CEO sells about a million
shares as price hovers near quarter's peak -- just before earnings
report triggers decline.