Stocks Close Higher Despite Early Jitters

  • September 6, 2007
  • TradingMarkets Editors

Stocks closed modestly higher on Thursday, after a mixed
morning session. Early gains, due to several retailers reporting
strong August sales, were erased following the release of mortgage
foreclosure data by the Mortgage Bankers Association. However, the
selling was short-lived, helped by positive economic data from the
Labor Department, and the market remained comfortably in positive
territory for the rest of the day.

In today’s economic news, the Mortgage Bankers Association
reported a record number of homes entered the foreclosure process
in the second quarter. And, the Labor Department reported worker
productivity rose 2.6% and that wage pressures declined to an
annualized rate of 1.4%.

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Stocks in Motion

Saks
(
SKS |
Quote |
Chart |
News |
PowerRating) Shares Up Big After Smashing Expectations (read
more).

Target
(
TGT |
Quote |
Chart |
News |
PowerRating) Shares Higher After Beating Sales Expectations (read
more).

Wal-Mart
(
WMT |
Quote |
Chart |
News |
PowerRating) Shares Higher After Better-Than-Expected Results (read
more).

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


Market Snapshot

Dow

 57.88 13363.35

NASDAQ

 8.37 2614.32

S&P 500

 6.26 1478.55

NYSE NASDAQ

Volume

 1,281,436,440 1,822,753,696

Up Volume

 822,210,300 1,074,737,721

Down Volume

 449,880,430 725,209,453

Advances

 2,074 1,661

Declines

 1,222 1,299

New Highs

 40 61

New Lows

 34 40


Strongest/Weakest Industry Groups

Strongest Industries

Weakest Industries
Gold Surety
& Title Insurance
Silver
Healthcare Information Services
Semiconductor-
Memory Chips
Medical Practitioners





Economic
News

Initial Claims for 09/01: Actual
318K, Consensus 330K

Productivity Q2: Actual 2.6%, Consensus  2.4%

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