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US stocks rallied on gains in tech stocks and after a jump in oil prices fueled the energy sector. Economic news also influenced investors. The Institute for Supply Management's August manufacturing index slipped to 52.9 from 53.8 in July.
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US stocks surged on Friday after President Bush and Federal Reserve Chairman Ben Bernanke reassured investors they would do what was needed to shelter the economy from market turmoil
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US stocks struggled on Thursday ending mixed as renewed concern about credit markets took a toll on investor sentiment. Investors are also anxiously awaiting a speech from the Federal Reserve Chairman today which could shed light on the chances of a cut in benchmark interest rate.
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Great Day for Nasdaq
added: 30-08-2007

Investors dipped back into equities on Wednesday, snapping a two day loosing streak. The Nasdaq had its best day in more than a year as investors bought beaten down tech stock. The energy sector got a boost from a surge in oil prices.
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Euronext NV reports its half-year 2007 results as presented under the Amsterdam, 29 IFRS, on a standalone basis. As already reported, Euronext experienced its all-time record in terms of revenues booked during the first six months of the year, with €630.6m up 13.1% compared to the same period last year. All the business lines but MTS Fixed Income registered an increase of their revenues during the period.
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Fed Worried Investors
added: 29-08-2007

It was a terrible day on Wall Street. Investors wanted reassurance from the minutes of the Federal Reserve's August meeting, but they didn't get it.
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As Wall Street continues to be pre-occupied with the subprime loan crisis, savvy investors should take a deep breath and look to the oil sector before this golden opportunity begins to erode.
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Advisors are less optimistic about the economic and political landscape in the U.S., according to the latest study of independent investment advisors by Schwab Institutional. One-third (33%) of advisors do not expect the S&P to rise during the next six months, up 11 points from the 22 percent of advisors who held this view in January.
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Negative housing news took a toll on markets in New York on Monday. And shares of banks, brokers and mortgage lenders all fell on nagging credit worries and after Goldman Sachs slashed its earnings forecast on Lehman Brothers, Bear Stearns and Morgan Stanley.
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US stocks jumped on Friday as surprisingly strong data on home sales and durable goods orders relieved economic worries and bolstered investor confidence.
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