Stocks opened higher Monday as the dollar pullled back and gold hit a new record above $1,170 an ounce. The Dow was up more than 100 points at the open and continued higher after a report showed a sharp jump in existing-home sales.
A holiday-shortened trading week begun with all signs pointing to a higher open for Wall Street on Monday, with the dollar weakening and gold hitting a new record high above $1,167 an ounce.
Wednesday, 18 Nov 2009 | Source: The Associated Press
Campbell Soup Co. said Wednesday its board has approved a 10 percent increase in its quarterly dividend to 27.5 cents per share, effective for the second quarter of fiscal 2010.
Stocks snapped a five-day winning streak Friday as a sharp drop in oil prices and profit-taking offset an improvement in consumer confidence and a rosier outlook from economic bellwether FedEx. Still, for the week, stocks gained 1.7 percent.
Stocks struggled to push higher Friday as consumer confidence improved and economic bellwether FedEx raised its earnings forecast. But profit-taking after a five-day rally clipped gains.