Author: 123jump.com Staff
123jump.com
Last Update: 4:11 PM EST November 30 2006
Personal income rose 0.4% and spending rose 0.2% in October according to Department of Commerce. Government report showed that new home prices rose at the slowest pace in the last eight years lifting the 10-year bonds to 4.46%. Two-month high oil price lifted energy stocks and positive comments on earnings and new drugs from Pfizer supported a broad advance in pharmaceutical stocks. Home builder stocks gained on positive comments from a broker.
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