The Dow capped another down week with a loss Friday as investors shrugged off a surge in consumer sentiment and instead focused on the fact that consumers are squirreling away their money at a feverish pace. But techs gained after encouraging earnings from Palm.
Stocks declined Friday as investors shrugged off a surge in consumer sentiment, instead focusing on the fact that consumers are squirrel away their money at a feverish pace. But techs gained after encouraging earnings from Palm.
Futures pointed to a lower open for Wall Street Friday, despite the fact that stocks in Asia and Europe rallied on the back of higher commodities and metals prices.
Stocks had their best day in weeks Thursday after solid demand for another Treasury auction and encouraging earnings reports from retailer Bed, Bath & Beyond and homebuilder Lennar.
Futures indicated a slightly negative open for Wall Street Thursday after the Federal Reserve cautioned that the U.S. economy would remain weak for a time, adding concerns about the sustainability of a recent recovery.
Thursday, 18 Jun 2009 | Posted By:
David Pogue | Source: The New York Times
After two years, the iPhone’s designers have finally gotten around to providing some basic functions. The result is a great leap forward for the iPhone, says David Pogue.
Analysts tempered their enthusiasm for Palm Inc.'s Pre smart phone, which went on sale this weekend, with limited supplies of the device and a relatively small number of software applications drawing concern.
The Pre, which goes on sale Saturday, is an elegant, joyous, multitouch smartphone; it’s the iPhone remixed. That’s no surprise, really; its primary mastermind was Jon Rubinstein, who joined Palm after working with Steve Jobs of Apple.
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