13 February 2008
4980
US STOCKS-Market jumps on retail sales, chipmaker's results
NEW YORK, - U.S. stocks rallied on Wednesday as an unexpected rise in U.S. retail sales during January calmed recession fears and a strong earnings report out of the semiconductor sector lifted technology shares.
Government data showing the rise in retail sales bucked economists' expectations for a drop in monthly cash register receipts. But analysts were skeptical about some portions of the report, especially its indication of stronger new-car sales. For details,
we see nifty 5389 huge short covering o the cards.Nifty will come valentine day t oday
by erectusplus at 20:28:00 |
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