WASHINGTON COMPANIES - US STOCKS SNAPSHOT-Wall St cuts gains as economic woes drag - Reuters WASHINGTON COMPANIES - US STOCKS SNAPSHOT-Wall St cuts gains as economic woes drag - Reuters

Thursday, February 19, 2009

WASHINGTON COMPANIES - US STOCKS SNAPSHOT-Wall St cuts gains as economic woes drag - Reuters

NEW YORK, Feb 19 (Reuters) - U.S. stocks cut gains, with the Dow and Nasdaq briefly turning negative on Thursday, as an earlier bounce fizzled out on persistent worries over the recession-hit economy, fueled by fresh negative data. * Hewlett-Packard in STOCKMARKET NEWS >

After peaking in early January at 9,035 and 935, the Dow Jones industrial average and the Standard & Poor's 500 index have fallen almost to the lows they reached last November. If the market can stay above those November "support" levels, investors in STOCKMARKET NEWS >

Stocks were flat, with blue chips remaining close to their bear-market lows, as a mixed bag of economic and corporate reports gave investors little reason to wade more deeply into the market on Thursday. The Dow Jones Industrial Average was little in STOCKMARKET NEWS >

LONDON (Dow Jones)--The majority of OPEC governors are opposed to a new output reduction being decided at a scheduled conference of the group in March but may support a 1.6 million barrels a day cut later, a person familiar with the matter told Dow in STOCKMARKET NEWS >

Stocks are opening moderately higher as investors search for bargains following a sell-off at the start of the week. Economic data and a weak dollar are making stocks look more attractive after a flat finish on Wednesday. The move higher comes ahead in STOCKMARKET NEWS >

NEW YORK -(Dow Jones)- The composite index of leading indicators rose 0.4% in January, to 99.5, according to preliminary estimates released Thursday by The Conference Board. The January figure follows a revised 0.2% rise in December, after a 0.7 in STOCKMARKET NEWS >

NEW YORK— Wall Street was poised for a moderately higher opening Thursday ahead of new unemployment data and a report on wholesale prices. The Dow Jones industrial average is trying to gain momentum after hovering near its Nov. 20 low the last two in STOCKMARKET NEWS >

WASHINGTON -(Dow Jones)- U.S. producer prices rebounded last month for a wide range of products from energy and automobiles to prescription drugs, easing concerns of a deflationary spiral of lower prices and spending. Meanwhile, the recession is in STOCKMARKET NEWS >

NEW YORK (AP) — Investors hunted for bargains Thursday following a steep sell-off at the start of the week. Fresh economic data and a weak dollar are making stocks look more attractive after a flat finish on Wednesday. The move higher comes ahead in STOCKMARKET NEWS >

NEW YORK (Reuters) - Stocks cut gains, with the Dow and Nasdaq briefly turning negative on Thursday, as an earlier bounce fizzled out on persistent worries over the recession-hit economy, fueled by fresh negative data. Hewlett-Packard Co ( HPQ.N in STOCKMARKET NEWS >

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