Stocks closed higher on Thursday, as weekly jobless claims rose
less than expected and some positive stock news helped to raise
investor sentiment.
Countrywide Financial (CFC | Quote | Chart | News | PowerRating) secured an additional
$12 billion in in financing from new and existing credit lines, a
sign that the worst may have passed for the troubled mortgage
company.
McDonald's (MCD | Quote | Chart | News | PowerRating) increased its annual dividend by
50% and announced plans to return $15 - $17 billion cash to
stockholders (full
story).
First Horizon National (FHN | Quote | Chart | News | PowerRating) is cutting 1,500
mortgage jobs and going to reduce its real estate exposure (full
story).
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Market Snapshot
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Volume |
1,270,449,600 |
1,689,540,473 |
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Up Volume |
919,631,520 |
945,196,807 |
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Down Volume |
345,576,190 |
732,497,849 |
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Strongest/Weakest Industry Groups
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Economic
News
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| Weekly Jobless Claims Increase By
Less Than Expected (read
more) |
|
