Google Inc. , exhibits andy williams real salt lake one of salt lake investigates the big names in the index, rose $7. 27 to a record $560. 10 Software giant Oracle Corp. ended at a 6 1/2 -year high after reporting strong sales and earnings growth in the quarter ended Aug. 31. Among other indexes, the Dow Jones industrial average added 53. 49 points to 13,820. 19 on Friday, up 2. 8% for the week. It's a mere 1. 3% away from setting a new high. The story has been much the same for foreign stock markets, many of which were hit harder than the U. S. market in the summer pullback. And there's a kicker for American investors, who, overall, have poured far more money into foreign stock mutual funds than domestic funds for the last two years. As the dollar weakens, investments denominated in stronger currencies are worth more when translated into dollars. So although the falling dollar is lowering Americans' purchasing power and, arguably, our standard of living in the long run, it's a bonus if you own foreign assets. .
WASHINGTON — In the fallout from the decline of the U. S beckerman real salt lake . housing market, a record 5,126 employees in the real estate credit industry and a record 1,864 mortgage and nonmortgage loan brokers were laid off in August, a Labor Department report showed Friday. Those were the most people filing claims for unemployment benefits from the two industries since the department began tracking mass layoffs in 1995 mls soccer teams . A mass layoff is defined as 50 or more people let go from one company. Although the Labor Department seasonally adjusts the country's total number of mass layoffs, which dropped in August to 118,120 people from 124,835 in July, it does not adjust the industry breakdowns. "Real estate credit and mortgage and nonmortgage loan brokers from the credit intermediation industry had the third- and seventh-highest number of mass layoff initial claims, respectively, in August," the department said. The department said the last time the number of layoffs in real estate credit came close to August's high was in April, when the total reached 1,884 mls soccer schedule . There was only one other month when the layoffs in that sector totaled more than 1,000, he said, which was June, when they were 1,035. Monthly layoffs of loan brokers are rarely more than 200, and the highest number before August was 359, also in April. major league soccer teams . Stocks rose soundly Friday, capping a strong week for Wall Street, as investors continued to draw confidence from a sense that lower interest rates would bolster the economy. Shares also were boosted by a strong profit report from Oracle that offered fresh evidence that some sectors of the economy continued to hum along even as areas such as housing struggled . Wall Street's optimism was renewed this week after the Federal Reserve on Tuesday lowered its benchmark interest rate half a percentage point, more than expected. The central bank also cut by a half-point the rate that banks pay to borrow from the Fed. "As much as we often underestimate the depth of our problems it's also natural for us to underestimate the depth and robustness of our economy," said Robert Brown, chief investment officer at Genworth Financial Asset Management.
"There are many industry segments that are very healthy. "But he added that some investors were ignoring legitimate economic concerns. The Dow Jones industrial average rose 53. 49 points, or 0. 4%, on Friday to 13,820. 19. Broader stock indicators advanced more sharply chivas usa vs real salt lake . The Standard & Poor's 500 index rose 7 points, or 0. 6%, to 1,525. 75, and the Nasdaq composite index climbed 16. 93 points, or 0. 6%, to 2,671. 22. The Russell 2,000 index of smaller companies rose 3. 35 points, or 0. 4%, to 813. 11. For the week, the Dow and the S&P 500 were both up 2. 8%, marking the strongest weekly showing for each since March mls soccer . Nasdaq rose 2. 7%, its best weekly gain since last month. Advancing issues outnumbered decliners by more than 3 to 2 on the New York Stock Exchange, where consolidated volume came to 3. 67 billion shares mls major league soccer . Helping to swell volume was "triple witching," a once-a-quarter occurrence marked by the simultaneous expiration of contracts for stock index futures, index options and stock options. Treasury bond yields, which had jumped in recent sessions as some investors moved money into riskier securities and as others worried about inflationary effects of the Fed's easing, slipped Friday mls cup . The yield on the benchmark 10-year Treasury note dropped to 4. 62% from 4. 70% late Thursday. Norman Ali, portfolio manager at MFC Global Investment Management, said Wall Street, in addition to being enthusiastic about the rate cuts, was relieved that some of the major brokerages reporting results this week didn't fare worse during the quarter, given the recent upheaval in the credit markets. Another positive, Ali said, was that inflation readings this week, such as the consumer price index, didn't show unnerving increases. "We expect another rate cut in October because inflation is still not an issue," he said, noting the economy seemed to be absorbing higher food prices and oil prices at record levels. Crude oil futures for November delivery fell 16 cents to $81. 61 a barrel on the New York Mercantile Exchange. On Thursday, the October contract, now expired, closed at an all-time high above $83 a barrel. The euro was unchanged against the dollar at a record high of $1. 408.
French President Nicolas Sarkozy pressed the European Central Bank to lower interest rates to rein in the strong euro. The dollar climbed against the yen, while gold prices slipped from a 27-year high, ending at $731. 40 an ounce. In other market highlights:* Oracle rose 93 cents, or 4. 4%, to $21. 98 after reporting that its quarterly earnings rose 25% as sales grew at their fastest pace in seven years. * Harman International Industries closed down $27. 25, or 24%, at $85 after the maker of upscale audio gear confirmed reports that two private equity firms had backed out of an $8-billion deal to buy the company. * Cosmetics maker Estee Lauder advanced $1. 95, or 4 Delaware State Hornets Memorial Hall Kansas City - cbssports . 8%, to $42. 58 on takeover rumors. * Joy Global rose 91 cents to $49. 59 after the mining equipment company affirmed its full-year earnings and revenue forecasts. * Overseas, key stock indexes climbed 0. 4% in Britain, 0. 8% in Germany, 0. 2% in France and 0. 6% in Hong Kong . Shares fell 0. 6% in Japan. Another positive, Ali said, was that inflation readings this week, such as the consumer price index, didn't show unnerving increases. "We expect another rate cut in October because inflation is still not an issue," he said, noting the economy seemed to be absorbing higher food prices and oil prices at record levels. Crude oil futures for November delivery fell 16 cents to $81. 61 a barrel on the New York Mercantile Exchange major league soccer . On Thursday, the October contract, now expired, closed at an all-time high above $83 a barrel. The euro was unchanged against the dollar at a record high of $1. 408 soccer stadium . French President Nicolas Sarkozy pressed the European Central Bank to lower interest rates to rein in the strong euro. The dollar climbed against the yen, while gold prices slipped from a 27-year high, ending at $731. 40 an ounce. In other market highlights:* Oracle rose 93 cents, or 4. 4%, to $21. 98 after reporting that its quarterly earnings rose 25% as sales grew at their fastest pace in seven years. * Harman International Industries closed down $27. 25, or 24%, at $85 after the maker of upscale audio gear confirmed reports that two private equity firms had backed out of an $8-billion deal to buy the company. * Cosmetics maker Estee Lauder advanced $1. 95, or 4. real salt lake tickets 8%, to $42. 58 on takeover rumors. * Joy Global rose 91 cents to $49. 59 after the mining equipment company affirmed its full-year earnings and revenue forecasts. * Overseas, key stock indexes climbed 0. 4% in Britain, 0. 8% in Germany, 0. 2% in France and 0. 6% in Hong Kong Shares fell 0 Real Salt Lake . 6% in Japan Delaware State Hornets Memorial Hall Kansas City - statsheet . . TJX Cos. said it and Fifth Third Bancorp had agreed to settle class-action lawsuits brought on behalf of customers in the U. S. , Puerto Rico and Canada who were victims of a criminal intrusion into TJX's computer system. Under the settlement, customers of TJX stores who had their driver's license or other identification information stolen after making returns without a receipt are being offered two to three years of credit monitoring and identity theft insurance and the cost of replacing IDs The stores include clothing discounters T. J.
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