Stocks Rise Modestly Amid Bargain-Hunting
Saturday, September 06, 2008 11:55 PM
(Source: Telegraph - Herald (Dubuque))trackingBy The Associated Press

NEW YORK (AP) - Wall Street wrestled with intensifying economic worries Friday, extending sharp losses after a disheartening jobs report and then grudgingly engaging in some bargain hunting that gave the market some modest gains. The major indexes ended the week with big declines, a sign that investors, who are growing increasingly discouraged.Stocks initially fell after the Labor Department reported that payrolls shrank more than predicted last month and that the unemployment rate reached a five-year high. But stocks that had been pounded lower, including a huge drop on Thursday, were suddenly more attractive to investors willing to make some bets.Investors picked up some of the stocks hit in the sell- off, particularly banks and insurers. That lifted the market off its lows, but it was hardly a solid advance.

(c) 2008 Telegraph - Herald (Dubuque). Provided by ProQuest LLC. All rights Reserved.


More Options



Subscribe to Email Alerts rss feed or RSS feeds rss feed for articles from more than 300 contributors and press releases, SEC filings and full text news from thousands of sources.


 
Rate :  Rate this Commentary  


 Number of Comments (0) Post Comment
 
  
Good Rating(+1)    Bad Rating(-1)
No Data Found

 
Enter Symbol
Enter Search String
Bookmark This Article
Email Article

Send this article by email


Recipient's Name
Recipient's E-mail
Your Name
Your E-mail

 
  Home | Login |Research | Earnings | Scans | Chat Rooms | Charts | Submit Article | Join Blog Network | Contributors | Subscribe to RSS

copryright 2008 all rights reserved