MORNING MARKET REPORT 07/07/2008
Raymond Teo (July 7th, 2008) Writes:
NEW YORK - Wall Street stocks fell following hefty market swings as investors fretted about the opening of the second quarter earnings season, sensing major banks could unveil further losses.
The leading Dow Jones Industrial Average declined 56.58 points, or 0.50 points, to end at 11,231.96. The Dow recovered some ground after falling over 100 points in earlier trading, partly on worries that corporate earnings may disappoint.
The tech-heavy Nasdaq composite dropped 2.06 points, or 0.09 per cent, to 2,243.32 while the Standard & Poor’s 500 index fell 10.59 points, or 0.84 per cent, to 1,252.31.
LONDON - Britain’s leading share index ended up almost two per cent as energy companies rebounded after last week’s fall, while lower crude prices boosted travel and leisure companies.
The FTSE 100 closed at 5,512.7 points, up 99.9 or 1.85 per cent.
FRANKFURT - The DAX index ended at 6,395.75 points, up 123.54 or 1.97 per cent.
PARIS - The …


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