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Stocks flipped and somersaulted Thursday as investors juggled worries about capital constraints at Fannie Mae and Freddie Mac with a drop in jobless claims, merger activity and encouraging retail sales.
Green energy stocks have slumped since their peak in November and still look overvalued, since the price of oil, although painfully high, still hasn't risen enough to justify investors' hopes that renewable energy sources will steal the limelight.
Stocks advanced Monday amid bargain hunting, with tech and energy shares posting some of the biggest gains. In the Dow, it was the battle of the blue chips as a strong gain in General Motors helped buoy the index and offset the drag of AIG.
Stocks rebounded Monday, led by General Motors, amid bargain hunting and strength in the tech sector. Dow component AIG tumbled after the insurer revealed that the impact of the credit crisis was more than three times greater than the firm had previously disclosed.
Stocks opened mixed Monday as tech-deal news put the sector front and center.
Loews said on Monday fourth-quarter profit fell 31 percent, hurt by subprime investment losses at its CNA Financial insurance affiliate and weaker results in its tobacco and drilling businesses.
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Loewssaid first-quarter profit rose 42%, topping Wall Street forecasts, helped by better-than-expected results from its insurance, tobacco and oil drilling units.