Headline of the Day

Classic:

U.S. Stocks Climb for First Time in 2008

U.S. stocks advanced for the first
time this year, led by drugmakers and utilities, as investors
snapped up companies least affected by an economic slowdown…

The Standard & Poor’s 500 Index advanced 10.86, or 0.8
percent, to 1,422.49 as of 12:56 a.m. in New York, rebounding
from its worst start to a year since 2000. The Dow Jones
Industrial Average increased 64.38, or 0.5 percent, to 12,864.56.
The Nasdaq Composite Index rose 15.27, or 0.6 percent, to
2,519.92. 

Stocks are "oversold,” Marc Faber, who oversees about $300
million as founder of Marc Faber Ltd., said in an interview with
Bloomberg Television in New York. "I would expect them to make a
bottom this week and then rally.”

>

Source:
U.S. Stocks Climb for First Time in 2008; Lilly, AT&T Advance
Michael Patterson
Bloomberg, Jan. 7 2007
http://www.bloomberg.com/apps/news?pid=20601087&sid=asNhw_S.APJM&

Category: Financial Press, Markets

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Category: Investing, Markets

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Category: Books, Economy, Real Estate