CITI NEWS - Tech stocks rise but broader market declines - AOL CITI NEWS - Tech stocks rise but broader market declines - AOL

Monday, February 2, 2009

CITI NEWS - Tech stocks rise but broader market declines - AOL

NEW YORK -Investors worried about the recession have turned to a strategy of cherry-picking stocks — sending tech shares higher and industrials lower. The market's concerns Monday were focused on two fronts: the economic stimulus proposal that is in STOCKMARKET NEWS >

NEW YORK (CNNMoney.com) -- Government bond prices edged higher Monday as jittery investors continued digesting dour economic data and prepared for more bad news, but also weighed a constant flood of supply headed to market. Treasury prices have been in STOCKMARKET NEWS >

After the worst January on record, the new month is off to an uncertain start with investors braced for more disappointing earnings results, layoffs and dismal economic data. "There was a lot going on last week, earnings, company projections layoff in STOCKMARKET NEWS >

WASHINGTON (Reuters) - President Barack Obama predicted a "difficult next few days" as the Democratic-controlled Senate on Monday debated an almost $900 billion stimulus package of federal spending and tax cuts amid Republican opposition. Senate in STOCKMARKET NEWS >

Rent-A-Center beats by $0.03, reports revs in-line; guides Q1 EPS above consensus, revs below consensus; guides FY09 EPS above consensus, revs in-line Reports Q4 (Dec) earnings of $0.47 per share, excluding $0.08 in gains and a $0.01 charge, $0.03 in STOCKMARKET NEWS >

By Emma Thelwell, ninemsn Money, 2 February 2009 The global financial crisis will cost Australia $115 billion, the Prime Minister admitted today, forcing the budget into a "temporary" deficit. With economic growth grinding to a halt around the world in STOCKMARKET NEWS >

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