Stocks closed mixed on Thursday, with the NASDAQ closing
fractionally higher, while the Dow & S&P 500 gave back some of
yesterday's gains.
Among today's stocks in the news, Q2 profit plunged at
Freddie Mac (FRE | Quote | Chart | News | PowerRating), with substantial losses attributed to
the problems in the credit market (read
more).
H&R Block (HRB | Quote | Chart | News | PowerRating) posted a wider loss than expected,
also citing credit market woes (full
story).
Sears Holding (SHLS | Quote | Chart | News | PowerRating) reported a 40% drop in profits
(read
more).
Meanwhile, Ciena (CIEN | Quote | Chart | News | PowerRating) swung to a profit in Q3 and
raised its full year guidance (full
story).
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Market Snapshot
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Volume |
1,278,889,630 |
1,707,874,087 |
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Up Volume |
395,702,410 |
1,077,390,056 |
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Down Volume |
873,045,920 |
564,408,567 |
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Strongest/Weakest Industry Groups
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Economic
News
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Initial Jobless Claims for Aug 25
Wk: Actual +9K, Expected: +2K, Previous: -2K.
Q2 GDP, Preliminary: Actual +4%. Expected: +4%. Previous: +3.4%. |
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