Headline of the Day

Monday, January 07, 2008 | 02:00 PM


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.''


U.S. Stocks Climb for First Time in 2008; Lilly, AT&T Advance
Michael Patterson
Bloomberg, Jan. 7 2007

Monday, January 07, 2008 | 02:00 PM | Permalink | Comments (16) | TrackBack (0)
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