Stocks Rise on Bernanke, Bush Comments

  • August 31, 2007
  • TradingMarkets Editors

Stocks surged on Friday, boosted by Federal Reserve Chairman
Ben Bernanke’s comments that the Fed was ready and willing to use
all available resources to keep the economy healthy. Investors
were also encouraged by President Bush’s plans to help borrowers
avoid defaulting in the wake of the sub-prime crisis.

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Labor Day.

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Stocks in Motion

SkillSoft
(
SKIL |
Quote |
Chart |
News |
PowerRating) Q2 Profit Surges On Tax Benefit; Cuts FY08 View
(read
more).

Vivendi Q2 Profit Drops 38%; Affirms FY07 Adj. Earnings View (full
story).

Lone Star Cuts Offer Price For Accredited Home Lenders
(
LEND |
Quote |
Chart |
News |
PowerRating)
To $8.50/share (read
more)

For more stories as they happen, go to our
Breaking News section.


Market Snapshot

Dow

 120.23 13358.96

NASDAQ

 23.76 2589.06

S&P 500

 15.01 1472.65

NYSE NASDAQ

Volume

 509,804,160 636,037,119

Up Volume

 464,888,380 532,272,697

Down Volume

 36,341,440 93,283,629

Advances

 2,625 1,861

Declines

 537 911

New Highs

 22 36

New Lows

 9 23


Strongest/Weakest Industry Groups

Strongest Industries

Weakest Industries
Industrial
Metals & Minerals		 Heavy
Construction
Steel
& Iron
Medical Practitioners
Foreign Regional
Banks		 Water
Utilities


 




Economic
News

None today

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