Blue chips fight back 

Posted March 31, 2007

Blue chips fight back 
Stocks managed a comeback Thursday, with blue chips leading the recovery at the end of a choppy session in which investors weighed a stronger-than-expected read on fourth-quarter growth with a 3 percent spike in oil prices.

Stocks slide as Fed chief testifies on inflation; durable goods report falls short 
NEW YORK | Stocks fell Wednesday after Federal Reserve Chairman Ben Bernanke chided investors who may have looked past long-standing concerns about inflation after recent comments from the central bank. The Dow Jones industrials fell nearly 100 points, their third straight session of declines.

Stocks End Mixed on Last Day of Quarter 
Stocks rose, dropped and then recovered Friday — just as they did over the course of the first quarter, as Wall Street showed nervousness about rising inflation and dollar weakness but took solace in resilient consumer spending and slow but steady economic growth.

Dow, Nasdaq post gains in early trading 
Stocks opened slightly higher Friday, the last trading day of the first quarter, as investors were encouraged by a report showing consumers spent more as their incomes rose in February but wary about data indicating that core inflation rose that month at the fastest rate since August.

Higher oil prices offset economy report 
The Commerce Department’s final measure of fourth-quarter gross domestic product, which showed growth of 2.5 percent, could help quell concerns that economic growth is slowing too quickly.

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Dollar Up, Gold Mixed in Europe Trading 
The U.S. dollar was higher against most other major currencies in European trading Friday. Gold prices were mixed. The euro traded at US$1.3305, down from US$1.3336 late Thursday.

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