Stocks Gain For The Week
Stocks popped on Friday in a relief rally
sparked by better-than-expected economic data. The Dow
rose triple digits, giving
stocks their best gain since mid-September and their first weekly
increase in October. The economy grew at a 3.8% annual rate last quarter, more
than expected and without increased inflation; this, despite two major
hurricanes. Crude oil rose 1% on the week, while 10-year Treasurys saw their
largest yield rise since March.
Cheney’s Chief of Staff Lewis Libby was indicted on
obstruction of justice, perjury and making false statements to a grand jury.
Libby submitted his resignation.
Microsoft
(
MSFT |
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revenues were on the light side at $9.74 billion.
KLA-Tencor
(
KLAC |
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beat on revenues.
Strong sectors were: Natural Gas
(
XNG |
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(
HMO |
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Oil
(
OIX |
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Weak sectors were:
Semis
(
SOX |
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PowerRating) -0.65%
|
|
+172.82 | 10,402.77 |
| +26.07 | 2089.88 | |
| +19.49 | 1198.39 |
More stocks on the move:
THQ Inc
(
THQI |
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reporting a (0.02) loss vs the (0.06) expected.
Gateway
(
GTW |
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by a penny and swinging to a Q4 profit.
Baker Hughes
(
BHI |
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Anadarko Pete
(
APC |
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revenues rose 12% year/year.
Bristol Myers
(
BMY |
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Brice Wightman