Mon, Jul 20th, 2009
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NEW YORK (CNNMoney.com) -- Wall Street held onto modest gains Monday as investors expressed optimism that small business lender CIT has secured the financing to keep it out of bankruptcy.
Furthermore, investors were largely pleased as companies posted their second-quarter financial performance, and braced for another week full of corporate reports with cautious optimism.
The Dow Jones industrial average (INDU) was up 30 points, or 0.3%. The broader S&P 500 (SPX) index was up 2 points, or 0.2%, and the tech-heavy Nasdaq composite (COMP) added 6 points, or about 0.3%.
Related stories from top sites:
Stocks look to earnings
Jul 14th, 2009 - CNNMoney
LONDONĀ (CNNMoney.com) -- U.S. stock futures drifted Tuesday as investors braced for another wave of corporate earnings and testimony from Federal Reserve chief Ben Bernanke. At 4:49 a.m...
CIT may be saved - but now what?
Jul 14th, 2009 - CNNMoney
NEW YORK (Fortune) -- Bondholders are throwing CIT a lifeline. But salvaging the small business lender could still test the company and its CEO, Jeffrey Peek. CIT Group (CIT...
Stocks sputter on banks
Jul 14th, 2009 - CNNMoney
NEW YORK (CNNMoney.com) -- Stocks were mixed Thursday morning, with the banking sector in focus, as JPMorgan Chase's better-than-expected profit report was tempered by worries about lender CIT Group.
CIT: No bailout for us
Jul 14th, 2009 - CNNMoney
NEW YORK (Fortune) -- Cash-starved small business lender CIT Group said Wednesday evening that it has been told it won't be getting a government bailout anytime soon. There...
Stocks struggle ahead of results
Jul 14th, 2009 - CNNMoney
NEW YORK (CNNMoney.com) -- Stocks churned in a narrow range Tuesday as investors welcomed Goldman Sachs' better-than-expected results but held off on making any big moves ahead of a slew of quarterly results due in the weeks ahead.




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