|  | Market Bulletin 
Stocks recovered most of their losses and the Dow closed with modest losses, as oil prices closed at a record $126.29 a barrel.
Economic Reports:
Nordstrom Inc. reports 1st-qtr earnings of $0.54/share, down from $0.60/share in the year ago period - Full story.
Kohl's reports 1st-qtr earnings of $0.49/share, higher than the $0.44/share expected by Wall Street - Full story.
Abercrombie & Fitch Co. reports 1st-qtr profits of $0.69/share, up from $0.65/share in the same qtr last year - Full story.
British Airways reports a full-year profit of $1.3 billion, will pay a dividend for the first time in seven years - Full story.
Lockheed Martin Corp. has won an Air Force contract worth approximately $3.57 billion to build up to 12 global positioning satellites - Full story.
Lehman Brothers Holdings Inc. plans to cut approximately 5% if its workforce in an attempt to deal with turbulence in the financial markets - Full story.
Major overseas markets have posted mostly higher results for Friday. London's FTSE was up 0.84%, Frankfurt's
DAX closed up 1.07%, and Paris' CAC finished up 0.41%. Japan's
Nikkei was down 0.23%; Hong Kong's Hang Seng closed up 0.41%, and
Sydney's All Ordinaries Index finished up 0.69%.
Economic Calendar:
Mon: Leading Indicators;
Tues: PPI;
Wed: No Reports Today;
Thurs: Initial Jobless Claims and Existing Home Sales;
Fri: No Reports Today.
Aaron Jacobs - News Editor
aaron.jacobs@mworld.com
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| Market Indicators Market Close (05/16/2008)
| Trading Volume(mil): | | NYSE: 1315 | | NASDAQ: 2277 |
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World Markets | Amsterdam EOE | 490.8 | +0.9 | Fri 12:07 | | Brazil Bovespa | 72,766.9 | +1,274.6 | Fri 16:15 | | Frankfurt DAX | 7,145.4 | +64.3 | Fri 11:45 | | FTSE™ 100 | 6,304.3 | +52.5 | Fri 11:35 | | Hang Seng | 25,618.9 | +105.1 | Fri 04:23 | | Madrid General | 1,515.8 | -6.0 | Fri 11:28 | | Mexican IPC | 31,487.0 | -56.0 | Fri 16:05 | | Milan Stock Exchange | 26,276.0 | +129.0 | Fri 11:40 | | Nikkei Dow | 14,219.5 | -32.3 | Fri 02:27 | | Paris CAC 40 | 5,078.0 | +20.5 | Fri 12:10 | | Seoul Composite | 1,888.9 | +3.2 | Fri 03:35 | | Shanghai Composite | 3,624.2 | -13.1 | Fri 03:00 | | Stockholm General | 330.6 | +2.0 | Fri 11:45 | | Straits Times | 3,241.5 | +34.1 | Fri 05:10 | | Swiss Zurich | 7,653.7 | -29.7 | Fri 11:30 | | Sydney All Ord | 6,006.1 | +41.2 | Fri 02:26 | | Toronto Exchg | 14,984.0 | +156.0 | Fri 16:40 |
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