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Dec. 9 (Bloomberg) -- U.S. stocks advanced, recovering from a worldwide equity market retreat, as analyst upgrades of 3M Co. and Sprint Nextel Corp. helped offset concern credit defaults will spread through the global economy.
Stocks tread water even after crude oil stockpiles fell and wholesale inventories rose for first time in more than a year.
U.S. Stocks On The Rise; IT Fronts Late Gains
Dec. 9 (Bloomberg) -- U.S. stocks gained for the first time in three days as analyst upgrades of 3M Co. and Sprint Nextel Corp. helped offset concern credit defaults will spread through the global economy.
Dec. 9 (Bloomberg) -- U.S. stocks fluctuated as analyst upgrades of 3M Co. and Sprint Nextel Corp. helped offset concern credit defaults will spread through the global economy.
It was nine months ago that the great 2007-09 bear market came to an end. May it rest in peace.
Financial shares are mixed Wednesday as Citigroup and Wells Fargo continue in their attempts to leave TARP.
By Lu WangBLOOMBERG NEWSShares of the following companies are having unusual moves in U.S. trading.3M Co. (MMM US) rose the most in the Dow Jones Industrial Average, adding 2.
An analyst upgrade of 3M and surprisingly strong wholesale-inventory data boost participants' mood, though many are still guarded against any bad economic news that could come in the days ahead.
Dec. 9 (Bloomberg) -- Shares of the following companies are having unusual moves in U.S. trading . Stock symbols are in parentheses, and prices are as of 1:50 p.m. in New York.
Dec. 9 (Bloomberg) -- U.S. stocks retreated for a third day, led by energy producers, after crude oil fell to a two- month low on a government report showing an increase in fuel inventories.
Stocks were little changed after crude oil stockpiles fell, suggesting improved demand.
A rally for energy and materials stocks is offset by a pullback in consumer companies ahead of key data later in the week.
Dec. 9 (Bloomberg) -- Stocks fell across Europe and in emerging markets, sending the MSCI World Index to a fifth straight decline, as a reduction in Spain’s credit outlook added to concern that defaults will spread through the global economy.
Dec. 9 (Bloomberg) -- U.S. stocks fluctuated as gains in commodity producers helped the market overcome an early decline spurred by concern credit defaults will spread through the global economy.
Stocks were relatively flat early Wednesday after wholesale inventories rose and oil stockpiles fell.
