>> ASIAONE / NEWS / LATEST NEWS / BUSINESS / STORY
US stocks finish flat as tech offsets banks
Fri, Oct 19, 2007
Reuters

NEW YORK, Oct 18 (Reuters) - U.S. stocks were little changed on Thursday, as optimism about technology profits helped cancel out worries about how much the credit crunch has hurt the economy, after disappointing earnings from Bank of America.

Technology stocks once again outperformed the broader market, pushing the Nasdaq higher, as investors bet Google Inc. and Advanced Micro Devices would post strong earnings after the bell, following healthy results from rivals.

According to the latest available data, the Dow Jones industrial average <.DJI> was down 4.72 points, or 0.03 percent, to end unofficially at 13,887.82. The Standard & Poor's 500 Index <.SPX> was down 1.32 points, or 0.09 percent, at 1,539.92. The Nasdaq Composite Index <.IXIC> was up 6.64 points, or 0.24 percent, at 2,799.31.

Is this article useful to you?
 
 
 
 
STORY INDEX
 
  US stocks finish flat as tech offsets banks
   
 
  STI closed 0.78% lower
   
 
  SIA to raise fuel surcharge as oil price rises
   
 
  Oil prices rise past mid-US$87 a barrel in Asia
   
 
  Asian stocks close mixed in cautious trade
   
 
  No bubble in property market: NUS study
   
 
  HK shares gain in range on arbitrage talk
   
 
  China's inflation rate hit 6.2% in Sept
   
 
  Japanese shares close up on bargain-hunting
   
 
  Asian shares mixed in morning trade
   
>> RELATED STORY
US stocks finish flat as tech offsets banks
Hong Kong shares breaks 30,000 mark for first time
Asian stocks close mostly higher as records fall
Profit-taking take Asian bourses off record highs
Australian dollar hits 23-year high

Elsewhere in AsiaOne...

Travel: US State Dept official apologises for passport delays

Motoring: US traffic deaths decline

Digital: Google to open new stock option market

Business: Fancy a US gold mine for $15m?

 

We welcome contributions, comments and tips.
a1admin@sph.com.sg
Search: