U.S. stock indexes snap losing streak with solid rally

Date: Thu, 05 Jun 2008 17:04:24 -0400
U.S. stock indexes snap losing streak with solid rally

U.S. stocks reclaim higher ground after a three-day downward spiral,
after jobless claims drop more than forecast and Wal-Mart Stores Inc.'s
and Costco Wholesale Corp.'s same-store-sales results top expectations.

Crude futures end at a more than one-week high as the dollar sags

Crude-oil futures rally, tacking on more than $5 a barrel as traders
weigh concerns over decreasing U.S. demand for gasoline against a steep
decline in the dollar and three weeks of falling crude inventories.

Retailers report mixed, but mostly gloomy, May sales

May is a mixed bag for retailers, with skyrocketing fuel prices helping
some big warehouse chains post hefty increases in same-store sales while
traditional department stores and apparel outlets suffer.

Apple expected to debut newer, faster iPhone

When Steve Jobs talks, people listen. And when he doesn't talk, people
like to imagine what he will say.

Some Lehman counterparties limit trading with firm: analyst

Some of Lehman Brothers' counterparties are limiting trading with the
brokerage firm because of persistent concerns about its capital and
leverage and a recent credit rating downgrade, says an analyst at
Bernstein Research.