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| Version 7 | Version 8 |
|---|---|
| US stocks rise on upbeat results | US stocks rise on upbeat results |
| (20 minutes later) | |
| US stocks have risen in early trading, recovering some ground from Tuesday's falls thanks to strong results from Disney and upbeat US productivity data. | |
| In opening exchanges, the Dow Jones index was up 50 points, or 0.4%, to 12,317, while the Nasdaq added 0.5%. | In opening exchanges, the Dow Jones index was up 50 points, or 0.4%, to 12,317, while the Nasdaq added 0.5%. |
| Analysts said Disney's latest figures and a stronger than expected rise in US worker productivity overshadowed continuing recession fears. | Analysts said Disney's latest figures and a stronger than expected rise in US worker productivity overshadowed continuing recession fears. |
| Data showing contraction in the service sector saw the Dow fall 3% on Tuesday. | Data showing contraction in the service sector saw the Dow fall 3% on Tuesday. |
| 'Natural inclination' | 'Natural inclination' |
| "It's probably the natural inclination of markets to try to bounce after a bad day," said Peter Boockvar, equity strategist at Miller Tabak in New York. | "It's probably the natural inclination of markets to try to bounce after a bad day," said Peter Boockvar, equity strategist at Miller Tabak in New York. |
| "There's no question that Disney helped and productivity numbers coming in better than expected didn't hurt either." | "There's no question that Disney helped and productivity numbers coming in better than expected didn't hurt either." |
| The latest results from media group Time Warner also pleased investors. | |
| While it reported a fall in profits for the last three months of 2007, it said it expected profit growth in 2008 to possibly exceed Wall Street estimates. | |
| The main European share indexes were mixed in Wednesday afternoon trading. | The main European share indexes were mixed in Wednesday afternoon trading. |
| While the UK's FTSE 100 was down 31 points, or 0.5%, to 5,837, the Dax was up 0.6% and the Cac had added 0.3%. | While the UK's FTSE 100 was down 31 points, or 0.5%, to 5,837, the Dax was up 0.6% and the Cac had added 0.3%. |
| Japan's main Nikkei 225 index had earlier finished 4.7% lower, while Hong Kong's Hang Seng lost 5.4%. | Japan's main Nikkei 225 index had earlier finished 4.7% lower, while Hong Kong's Hang Seng lost 5.4%. |