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Consumer Corner: Foreclosure settlement no magic bullet for economy
NEW YORK, Nov. 9 (UPI) -- U.S. markets rose sharply Monday with Ford Motor Co. and General Electric getting a jump start on the week with quick gains.
Ford shares rose 4.52 percent while GE shares rose 3.39 percent following a Friday in which the Dow Jones industrial average ended the week above 10,000 points.
SprintNextel shares soared, gaining 17.54 percent while the Dow Jones industrial average put up numbers remarkably similar to Thursday, when it gained 203.82 points.
By close Monday, the Dow added 203.52 points, 2.03 percent, to 10,226.94, a high for the year. The Standard & Poor's 500 rose 23.78 or 2.22 percent to 1,093.08. The Nasdaq composite index gained 41.62 or 1.97 percent to 2,154.06.
On the New York Stock Exchange, 2,541 stocks advanced and 496 declined on a volume of 4.4 billion shares traded.
The benchmark 10-year U.S. Treasury note rose 6/32 to yield 3.48 percent.
The euro rose to $1.4996 from Friday's $1.4847. Against the yen, the dollar rose to 90.014 yen from Friday's 89.94 yen.
In Japan, the Nikkei 225 index rose 0.2 percent, 41.015, to 9,808.99.
In Britain, the FTSE 100 rose 1.8 percent, 92.46, to 5,235.18.
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PORTLAND, Maine, Feb. 13 (UPI) --
So-called tar sands oil from Canada is "much, much worse" for the environment than conventional crude oil, a Maine environmental advocate said.
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SAINT-LAURENT, Quebec, Feb. 13 (UPI) --
The Canadian coast guard has picked Thales Canada for the supply and installation of helicopter tracking systems aboard 22 aircraft and 17 ships.
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Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
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Investors will not have the distraction of financial reports to look forward to this week. They will have to look at the spot news headlines instead.
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