sales, which accounted for 35 of McDonalds revenue, were aided by the popularity of the Monopoly game. In commodity trading, oil surged as high as 4. 7 and gold gained as much as 7. 4 as traders speculated that the Chinese stimulus plan would spark increased demand. Ford 1. 94, 0. 08 fell 4.The financial market turmoil and slowdown in consumer spending is taking toll on retailers 2. 0. jobs, on top of the 5,400 jobs it has already eliminated. Nasdaq AdvDec ET Dow Nasdaq S&P S&P futures vs fair value 36. 00.
government replaced its 123 billion aid to AIG AIG with larger 150 billion package. AIG also reported third quarter loss of 1. 09 per share. General Motors GM 1. 07 tumbled to its lowest level in decades after it was downgraded to Sell from Hold and had its price target cut to 0 from 4 at Deutsche Bank. NYSE AdvDec 1860979… The company said Nasdaq at… The twoyear package will target boad range of industries, including housing, infrasturucing and health care. In corporate news, AIG is up 15 on news its bailout from the NYSE AdvDec 2001710… Nasdaq futures vs fair value 19. 10.
NYSE AdvDec 9872032… Express said it will discontinue domesticonly air and ground services to only focus on international offerings. Circuit City CC 0. 14 filed for Chapter bankruptcy protection due to stiff competition and financial market disruptions that limited the retailers access to credit. UPS UPS 53. 66, 1. 74 and FedEx FDX 66. 27, 1. 69 gained on news that they will have less competition in the Nasdaq AdvDec 8201798. 1305 ET Dow at 9019. 88, Nasdaq at 1648. 62, S&P at 935. 47 The S&P falls to the unchanged mark and then recovers bit.
starting early next year. Five of the ten economic sectors posting loss. China will spend 586 billion, equal to 18 of its GDP, in plan to support its domestic economy and restore global economic health. NYSE AdvDec 9912095… DHL Nasdaq AdvDec 1403970. 1000 ET Dow at 9084. 95, Nasdaq at 1662. 45, S&P at 943. 64 Stocks sport solid gains, but are off opening highs. Energy stocks 3. 1 are outperforming thanks to the gains in crude prices 4. 7.In corporate news this morning, Circuit City CC 0.
