Tech Takes the Lead
Stocks finished mixed in Thursday’s session. Tech stocks took the
lead with Research In Motion announcing that it would be allowed
to sell its Blackberry products in China. Major M&A activity also
took place with the Hilton Hotels
(
HLT |
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PowerRating) accepting a $26
billion offer from Blackstone Group
(
BX |
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PowerRating).
Crude oil futures for August delivery rose 0.6%
to $71.81 per barrel after renewed violence in Nigeria. Gold
futures for August delivery fell 0.7% to $650.60 an ounce.
Around Europe, Germany’s DAX index lost 1.1% to 7,987.13, France’s
CAC 40 index lost 0.6% to 6,059.53, and Britain’s FTSE 100 fell
0.6% to 6,635.20.
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Darren Wong
Associate Editor
darrenw@tradingmarkets.com